Tag: Opinions

4 Important Financial Lessons From Morgan Housel

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If you want to be successful, make more money, spend less, save more. It is that simple, but very hard to do. You can do it. You have done it before.

And nothing is stopping you from doing it again. And the right time to start is now. If you do not start to take charge of your financial life, then when are you going to start it? Do not wait. Even if you are in debt, do not get discouraged. The only way to free yourself from the bondage of debt is to save more money than you spend.

If you do not need something, then don’t buy it. Do not buy something just because other people are buying it. Do not buy something just because they are cheap. Save your money.

If you really want to take charge of your financial life, your financial health, you must discipline yourself.

You must not buy what you do not need. Know this: It does not matter how much you make. If you cannot save enough money for yourself, then you are not making anything.

Successful people spend less. They save more. They spend less. They spend their money on important things, things that can shape their lives.

If something is not helping you, then it is hurting you. If you can’t save money for yourself, for your future, then you are hurting yourself, your future.

To change that, Morgan Housel says, “So people’s ability to save is more in their control than they might think.” He says, “Saving can be created by spending less.” That is correct. If you want more, spend less, do more, desire less.

You can spend less if you desire less.” That is a problem for a lot of people. They can’t let go of what is on sales.

If you can leave without it, you do not need it. If you can survive a day without it, then you do not need it. Whether something is on sales or not, if you do not need it, do not buy it. Do not waste your money, especially when you don’t have your own money.

“If you want more, spend less.”

Do not spend your credit card on worthless things. Use your credit card to change your life. Use it to enrol for a new course, not to buy something you do not need. Morgan Housel says, “… you will desire less if you care less about what others think of you.” This is one of the problems that is really affecting all of us.

We do things that we are not comfortable with. We do things just to make other people happy. Look, you do not live for people. You are living for yourself. So if you want to be happy, do not worry about what other people are saying about you. They do not count.

What really count is what you are saying about yourself. What really count is whether you are saving money or not? What really count is whether you are growing your financial life or not? Not people’s opinions. Listen to yourself, not to their opinions.

How To Reach A New Level Of Success

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No matter what you are doing, take it seriously. Because true success comes from doing the little things really well. Focus on things that are getting you closer to where you are going. Do things that make you happy, that bring out the best in you, that motivate you, not things that are taking you away from where you are going.

Do not do it. Do not waste your time on worthless things. If they can’t help you get better, if they can’t help you change your life, if they are not moving you closer to where you want to go, then they are worthless. They don’t count. They do not matter. They are dream stealers. They are dream killers. And if you continue to do them, you will never fulfill your dreams.

Your dreams are within your reach. But you must first get rid of fear, doubt, and worry. It is okay to worry. But do not let worry cripple your life. Do not let worry stop you from reaching your new level of success. It can stop you, if you let it. Do not let it happen to you. It is your success. To get it, you must work really smart. Do not fear the judgment of other people. Their opinions don’t count.

Instead of doing worthless things, instead of wasting your time, instead of thinking negative thoughts, why not surround yourself with great people. Surround yourself with people who are going somewhere, who are getting things done, who are open to teaching you what you don’t know, who are better than you are, who think possibilities, who focus on what you are good at, who motivate you, and love you. If you do, you will never think alone.