Real Estate Investor Magazine South Africa May/ June 2020 | Page 54

INVESTOR INTELLIGENCE How to make money love you MEIR EZRA Money causes stress to the majority of people, yet it is everywhere, right in front of our eyes. Everyone feels they know what money is, yet everyone agrees it is a highly mysterious and misunderstood subject. Instead of spreading your hard-earned money toward the person who demands the most, learn how to create more money and how to spend your money smarter. For example: If I will complete the following courses, I will get a raise. If I will learn how to become a master in sales, I will be able to 100x my sales within 3 years. I want to purchase a new car, and I will set aside $50 per week toward the new car until I will have the full amount. If I will pay the minimum payment to the credit card company, it will take me 23 years to pay this stupid debt. I will add an extra $100 per month and will shorten this silly thing to 2 years. 2 M 10 signs that money controls you 1. You are constantly worried about your bills 2. You often wish you could buy things 3. Your major purpose in life is to get rich, but you lack You decide to purchase something, get the money, and purchase what you want 2. You purchase things that increase in value 4. You waste money to feel good 3. You invest in yourself – things like additional 5. You blame others in your money situations – your boss, the government, your spouse education or self-improvement 4. You evaluate other people based on how much You donate to things you believe in, even if it is a small amount money they have. 5. You uphold your financial obligations You lie, cheat, or steal to get money. Even white lies 6. You have a good financial reputation or small cheats show that money controls you. 7. You pay your taxes 8. You take unnecessary financial risks. 8. It is very hard to take money from you deceitfully 9. You use credit to purchase things that lose their 9. Every year, your income grows and your net value value – things like expensive cars, clothes, etc. 10. Money controls your mood – you feel good or bad based on your financial situation. 52 10 signs that show you control your money 1. a practical plan 7. 1 MAY/JUNE 2020 SA Real Estate Investor Magazine Spend money only based on financial planning You must be most efficient with money when you don’t have money and efficiency does not just happen, it is the result of clever financial planning. If you spend your money as soon as you get it to pay the debts of a broken financial vehicle, a broken business, that means you have no plan. oney drives people to do amazing things, yet it is not alive. Most people love money, but most people know money will never love them back. But what if there is a way to make money love you back? 6. 5 Ways to Control Your Money Never spend more money than you earn How do people have money? They make more than they spend. When you do your financial planning, ensure you first pay all your obligations as well as setting aside money for your future plans (buying a new car, education, and savings) and use only what is left for fun things like movies, restaurants and holidays. Part of the financial planning is income planning. Learn how to control your income - yes, it is possible to control. 3 Stop wasting your time in trying to get money you did not earn You get money in return for providing a product or service someone needs and wants. You will not get money from gambling, or the lottery, or by trying to cheat others. Don’t wait for your wealth to show up, don’t expect someone to hand it to you. Rely on yourself, your skills. Use the most powerful method to create money. Produce or supply something of value to others and exchange it in return for the money you want and know you deserve the money since YOU produced it. 4 Become more productive & continuously improve the quality of your results The only way to get people to pay you more, to buy from you again, to promote you, to push money your way is to deliver a much better result than expected, faster than expected, with much more value to the client than expected. That is the only way! The first thing you must do to be able to deliver more than expected is to define who your client is and what they expect in the different hats you wear in life. Who is your client at home (it may be your spouse)? At work (it may be your boss or coworker)? At your golf club? Then you must figure out how to deliver more than expected. 5 The only powerful progress in life is orderly progress To create orderly progress, you must evaluate your progress and create your future. Since you cannot control what you cannot see, the only way to control your progress is to have graphs that show you what have happened so far financially. Hence, follow your financial progress. Create a graph that shows the total cash you have (money you have that you can spend) and a graph that shows the total bills, and plan how to make the total cash higher than the total bills. Then make sure every month you raise your total cash and reduce your bills. When you see constant improvement, you know you control your money, and money will fall in love with you – it will simply hit your doorstep. Now that you are in financial control, you can concentrate on the goals that are important to you. To learn how to sell 100 times more, register here grows 10. You use your money to progress toward your dreams and to achieve your targets in life SA Real Estate Investor Magazine MAY/JUNE 2020 53