- Money Is A Game
What type of game is the money game. It’s a game of consistency and dedication. You need to know what your money can do and what you can do with it. Every game has its rules and the money game is no different.
The more you play the better you can get at it just like any game you’ve ever played. Do you remember the first time you played chess? Or maybe the first time you went bowling? You didn’t know the rules but you either watched somebody or someone told you what the rules of the game was.
Once you learned the rules you became better and better as time went on because you had more time to spend playing the game. It works this way for money also.
2. Fall In Love With Money
You heard me right. Fall in love with money. Love everything about money and how you currently get your money.
Fall in love with how it looks in your account. Fall in love with how it helps you eat and keeps a roof over your head. Money always will come back to people who fall in love with their money because people that fall in love usually take care of what they fall in love with.
Don’t get falling in love with money as me saying that you should do bad things for the money because I’m not saying that at all. Matter of fact I’m saying totally the opposite. When you fall in love with your money it treats you so much better.
3. It’s A Game Of Doubles
If you get $10 then you want to figure out how to double your money to turn it into $20 then take $20 and figure out how to double it to $40 and so on and
So fourth. That should be your only goal every time you make some money you want to double it. The faster you can double your money the faster you can become financially free.
4. Never Spend Money Until You Get The Money
Don’t count your money until you actually get it. So many base their lifestyle around the money they don’t have yet. This is a recipe for disaster because what if the money you’re counting on doesn’t show and now you’re struggling because you’ve over extended yourself or did something thinking in leu of you actually getting the money you expected in your hands.
This happens to people that are living pay check to pay check or above their means. It’s a very vicious cycle and hard to get out of.
5. The 80/20 rule of Money
Most people think that this is a hard rule but in reality this rule will make you level up really easily.
So you have 100% of your money then you take 40% of your money and pay your taxes which you have to pay and seem to pay religiously right?
So why not pay yourself 40%, this amount will be split up between your investments business and savings. Then 20% you get to live off of.
Now you don’t increase your lifestyle of living until you increase the 20%. This rule gets easier as you make more money or your investments start to grow.
Most people take the 60% after they pay 40% to the tax man and use it all up on their standard of living. That’s why you never get ahead and continue to live the paycheck to paycheck lifestyle.
6. Don’t Buy Anything You Can’t Write Off
Outside of your standard of living needs you should never buy anything that you can’t write off on your taxes. This is how the rich get richer and the poor stay poorer.
Because the poor or middle class only have kids to write off on taxes. Being able to write off the majority of your lifestyle can actually help you build your wealth.
This is exactly what the rich do, they write off almost everything because they become a business not just have a business.
7. Stabilize your Flow Of Income before You Get A 2nd one
You can actually make more money on your day job if you actually focused on your job until you’ve become a manager or a boss. This is a great way to increase your income faster than just starting a business.
The more money you make the more you can invest in what you really want to do. Stabilize a solid livable wage of income and then make something happen outside of your job.
8. Put Your Money To Work
Money should always be working 24/7 365.Every time you have some disposable income you should Invest it and use it to create something that will make more money.
9. Don’t Lose Track Of Your Money
At least once a week you need to look at your bank account and see what it’s doing. You should know how your spending your money and find ways to close the leaks. Leaks of money are things you spend on that you truly don’t need.
10. Always Have Goals For Your Money
You should have a yearly goal, monthly, weekly and even a daily goal. This keeps you on track and pushing you forward. most people don’t understand that goals will increase their income because you have a direction at all times.
It’s like driving without a GPS you’ll never become rich if you don’t have the goal to be rich.
So there you have it
Top 10 Rules Of Money 2022
The Wealthbuilderz Way
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Top 10 Rules Of Money 2022
The Wealthbuilderz Way
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