Money can be your best friend, or it can become your worst enemy. You could never have enough of it. And at the same time, a little bit of money could be enough. Money represents the value that we put out into the world. The more value someone provides for more people, the more that person gets paid.
It’s reasonable to assume that young people would be taught about money early. But they don’t. The education that most millennials and Genz get through Instagram and Facebook. Places where the “gurus” are sharing their tips. But in reality, all the gurus do is confuse people or send their followers to sign up for their expensive courses.
I have created the commandments of money based on my own life experiences and the life experiences of people I know personally. These lessons allowed me to find my version of financial freedom and happiness. If you follow them, you’ll also experience that life of freedom for yourself.
Avoid borrowing money like the plague
Life is so much easier when you pay for everything with the money you already have. Every time you borrow money at interest, you’re basically robbing yourself of future money you were supposed to have.
Of course, there are exceptions to this rule, which is borrowing money for a house. But other than that, everything in your life should be purchased without debt. That includes your car.
When you borrow money from someone, you’re giving them power over you. So you stop being a free person, and you become a slave to someone else. Now, that may sound a bit exaggerated.
But when you get into debt, you have to trade more of your time in order to pay for your creditors.
You can always make more money, but you can never get more time. That’s the reason borrowing money is so pervasive.
The only time I’ve ever borrowed money is with the purchase of our first home. Everything else, including cars, has been bought outright. I look around at my peers, and you know what they’re always doing? Working. They may go on their annual vacation, but other than that, they’re always working to pay bills.
If you want to feel free and have time for yourself and your family. Don’t borrow.
The more you chase money, the faster it runs away
Most people believe that the more money they have, the happier they will be. However, research shows that this is not necessarily true. In fact, it seems that the more people chase after money, the more it runs away from them.
It’s a contradiction. Very similar to what happens when you focus on trying to fall asleep. The harder you try, the less you sleep. But when you finally let go, it happens, and you’re dreaming peacefully.
When people are too focused on chasing money, they are often blinded to other important aspects of their lives. They may neglect their health, relationships, and happiness in pursuit of wealth. Secondly, chasing after money can lead to unethical behavior.
People may cut corners, take risks, and exploit others to make a quick buck.
Finally, money often eludes those who chase it because they are never satisfied. No matter how much money they have, they always want more. As a result, they are constantly chasing an elusive goal that is never within reach.
So, how do you get money if you don’t focus on money?
You get money by bringing more value into the world. So focus on that.
When you become an expert in your field, whatever that is. You’ll get paid more than someone who’s not an expert. When you go out of your way to help more people than you need, you’ll get paid more than the lazy employees that put in the minimum amount of work.
If you focus on acquiring more skills, improve your work ethic. You won’t be following the money. Money will be following you.
Health is greater than money
It is often said that money cannot buy happiness. This is partially true, but it is also true that money cannot buy health.
While having a large bank balance can make life more comfortable, it cannot protect you from illness or injury.
In fact, research has shown that there is very little correlation between wealth and happiness. On the other hand, good health is essential for a happy and fulfilling life.
Having a lot of money will help you afford the best medical care. The problem is that sometimes even the best medical care in the world is not enough. Just ask Steve Jobs or other billionaires that couldn’t save themselves.
Without our physical and mental well-being, it would be impossible to enjoy the things that money can buy.
Money buys time, and time buys happiness.
While time doesn’t necessarily lead to happiness, it does give us the opportunity to pursue our passions and live a life that is fulfilling.
For example, having enough money to not worry about working a job you hate gives you more time to spend with your family or engage in activities you love.
Money can’t buy love, health, or any other things that truly matter. But it can buy a little bit of extra time. And that extra time can be used to do the things that make us happy: spending time with loved ones, pursuing hobbies and interests, and taking care of our health.
In short, money may not be able to buy happiness, but it can certainly allow us to chase after it. And that is worth its weight in gold.
The more you share it, the more you get.
Money and karma are best friends. The saying: what goes around comes around is more real than you know.
Generous people seem to be luckier than others. The more money they give to other people, the more they make. On the contrary, stingy people who like to hide their money have trouble making more of it. And it always seems like they are never done chasing it.
A new study has found that people who are generous with their time and resources are more likely to earn more money. The study, which researchers at the University of Zurich conducted, looked at a group of people who were given a sum of money and then asked to either keep it for themselves or spend it on others.
The researchers found that those who chose to spend the money on others, earned more money over the course of the experiment than those who kept the money for themselves.
The findings suggest that there may be a correlation between generosity and success. In addition, generous people may be more likely to network and build relationships with others, which can lead to opportunities for advancement.
Additionally, generous people may be viewed as more trustworthy and reliable, making them more attractive candidates for promotions and higher-paying jobs.
So if you want to make more money, consider being generous with your time and resources. It just might pay off in the long run.
Be aware of the Things money can’t buy
Money can buy a lot of things. It can buy you houses, cars, and clothes, but there are also things that money cannot buy. Things can only be obtained by spending time with others or by practicing something regularly.
Here is a list of things money can’t buy:
Money can buy you sex, but it can’t buy true love. It can buy you acquaintances, but never real friendships. With money, you can get cosmetic surgery to look better. But you’ll never build the character of someone who has worked out for years.
Of course, money can buy many things that may bring temporary happiness or satisfaction, but these things quickly lose their appeal. Ultimately, it is far better to focus on things money cannot buy. These things will truly make you happy and fulfill your life.
Easy money never lasts
When you earn money with hard work, it lasts longer. Earning that money with focus and dedication makes you value it even more.
On the contrary, money earned through illicit means or easy money tends to disappear fast. Therefore, the saying: “Easy comes, easy goes,” holds a lot of truth.
As humans, we put more value on things that were hard to get. A career, the love of someone, things where you have to spend time and resources.
Many people dream of finding easy money, but the reality is that it rarely lasts.
Whether winning the lottery or coming into a sudden inheritance, easy money often disappears as quickly as it arrives.
One of the reasons for this is that people often don’t know how to handle a windfall. Without a plan in place, they may spend the money impulsively or make poor investment choices.
In conclusion, money is critical in our lives, but we must remember that money is not the end goal. Living a happy and fulfilling life is the ultimate goal.
By following the commandments outlined in this article you’ll be able to make more money and also keep more of it. Having the right mindset can help you make the right choices when faced with money questions.
I tried to keep these rules basic and easy to understand so that you can apply them to most areas of your life. By putting these rules into action, we have been able to enjoy life, knowing how to spend our money properly. I hope it also helps you in your journey to financial freedom.