In today’s society, there is a certain tendency to consider that talking about money is rude. Since you were little, you are influenced to think that asking an acquaintance how much they charge, explaining to a friend how much you spend on your mortgage, or what your saving capacity is, is something that you have to keep to ourselves and that sharing it can create tension in relationships.
Talking About Money
The reality is that that mentality could not be more wrong if what you want is to have a prosperous future financially. Precisely the sooner you manage to eliminate the taboo that talking about money is wrong, the sooner you will take possession of your current situation, what you can aspire to and what environment you find yourself in. Try to share with people who provide you with new knowledge or ideas and who teach you how they manage their finances. Talking about money will make you much more familiar with it and think much more analytically.
The Real Rich Person
Is being rich a question of appearance or of net worth? On many occasions, it is often understood that the people who wear big brand cars, live in wealthy areas, or carry the latest electronic components on the market, are rich people. Well, according to various studies and books (The millionaire next door), there is in the human being a need to appear to receive social acceptance. Wealth is measured at the level of net worth, not at the level of how much we are capable of pretending. Those people who do not have the need to pretend and lead a frugal lifestyle, on many occasions do not have a large brand car, or do not live in the wealthiest neighborhood of the city, on the contrary, they are disciplined, they live below their needs, and invest their savings in the stock market or in real estate.
Your Financial Condition
In the eyes of their neighbors, it makes them invisible, but the reality is that these people achieve a very important degree of financial freedom, thanks to not needing the social approval that others do. We would like to remind you that you must seek happiness for yourself and build your legacy instead of trying to impress people. While it is true that you are not all born into families with the same financial conditions, it is no less true that only you are the masters of your destiny and that there are currently hundreds of possibilities to achieve financial freedom.
Financial freedom begins to build from the first day in your life when you make your first purchase. From that moment on, your financial future will depend on your consumption habits, savings, investment, and ability to generate income. Small decisions such as whether to spend money on new shoes that you do not need or to buy a state-of-the-art television, will define your financial future, and not by the fact of buying an item or not, but because you will be developing a mentality that will allow you to save and to invest. Early investment and the use of compound interest will lead you to true financial freedom with discipline.
Many people say that to save you need a higher income. The reality is that various studies have shown that the ability to save is not determined by the amount of income, but rather by the disciplined habit of controlling your expenses and your personal finances. On many occasions, when a salary increase or another source of income such as the lottery is achieved, people who do not have a good financial education, expand their spending to adapt to their new reality and make the same mistake of finding themselves without money. If you want to learn more about how to save money, and how to gain financial freedom, read the Maxlend Reviews online.