Money is a tool. Money is a resource. Money is perceived value. Money is a means to barter for goods and services. Money accentuates what you can and cannot do. Money is not the root of all evil. Money is not good or bad. Money is money.
Tag: Money
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noiz viol8ion blog #410 – Mobile Lifestyle
There is no excuses. You have a super computer in the palm of your hands. Whatever it is you want to do, Do It!
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noiz viol8ion blog #402 – The Secret of Living
The Secret is to give more. Figure out was to give more. There are many ways to give and you have to find the way that works best for you.
The three best ways to give are the three T’s:
1. Time
2. Talents
3. Treasure/MoneyBeing present and giving your time is the most valuable way to give because this is the most limited resource. Give your time wisely.
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noiz viol8ion blog #401 – A Little Becomes A Lot
Very rarely is it sink or swim. Most of the time people put their toe in the water to test the water. This is the same with everything else. Before you are given everything you want you are tested with a little. Take money for example. If you have a little bit of money, manage it properly, and make a return then it becomes a lot. This is true for everything else to. If you take care of things you will be given more things.
Love things and things will love you back.
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Blog #277 – Money is a Resource
Money is earned in direct proportion to the amount of value you are giving to the world. The bigger the problem you are solving the bigger the paycheck you will be earning. If you can solve a problem for many people then many people will pay you for it.
For your bank account to grow you attitude about money must change. Money is not inherently good or bad. Money is a very useful resource. It will enhance the type of person you are. If you are generous then it will give you more to be generous with. If you are evil then it will give you more to be evil with.
You must learn the language of money. The basics of accounting and finance. Assets and Liabilities.
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Blog #264 – If you are going to succeed then you must develop resourcefulness.
There is always going to be some resource that you do not have enough of. For most people and business they think this resource is money. With the lack of resource you must resort to resourcefulness.
Even if you have all the time and money doesn’t mean you will be successful.
The key to success is to get the most out of what you have. If you are able to get more out of less then you will be trusted with more.
Start small and work your way up. The biggest gains come from small amounts.
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Blog #262 – Diversify your talents and income
Finding uncorrelated income sources so if one goes down then there is another one to keep.
Check out this article for 7 different types of income:
https://www.linkedin.com/pulse/7-income-streams-most-millionaires-manoj-arora/
Diversifying protects yourself from droughts.
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Blog #236 – Time to Re-evaluate for the Recession
I think there are lots of troubles coming, There’s too much wretched excess.
Charlie MungerCharlie said this before the COVID-19 Pandemic. He was right there is too much excess and now there is about to be more excess added to the market. The US is adding close to $3 Trillion dollars.
What does this mean? Why does this matter for a business and for people?
It matters because everything is about to change. Your old life is never coming back and you better adapt to the new or get left behind.
Is $100 dollars a lot of money to you. The new $100 might be $1000. Inflation is driving up the cost of assets and driving down the value of the dollar.
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Blog #229 – Should you put all your eggs in one basket.
Diversification is a big topic among investors.
Is it better to have all your money in one thing or to diversify across many things?
There is no easy answer because it revolves around how risk tolerant a person is.
Rule No. 1: Never lose money. Rule No. 2: Never forget rule No.1
Warren BuffetYou are not going to have many great ideas or many great opportunities so when these things come you should take advantage of them as much as you can.
There is no such thing as a sure thing so know your downside.
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Blog #228 – How to Manage Your Money!
You are managing your money or you are giving up that responsibility for someone else.
You are at your job to make money. How many years of hard work did it take you to build up that retirement nest? Then you hand over your hard earned money to someone else to manage and invest for you because you do not have the time or education to do it yourself.
That is what they want you to think.
Realize that most actively managed funds do no beat the market average.
The easiest and least time consuming method is to put your money in a low expense ratio Index Fund, like the S&P 500 or Total Market.
Stay away from fees.
It’s your money do you know where every cent is?
