FCI Staff Writer Sacramento 
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September 24, 2022,
Most of us are afraid of things that we don’t understand.
To become less afraid, a starting place is to understand what you fear.
Whole movie themes have been based upon the subject matter. One of the movies that handled the subject matter very effectively was the 2005 classic, Batman Begins.
Many people are afraid of money because they don’t know much about it.
How to make it.
How it works.
How it lives.
How it breathes.
What is money?
Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country or socio-economic context.
When money is used to intermediate the exchange of goods and services, it is performing a function as a medium of exchange.
Those are the basics.
The intriguing thing about money is that it appears to have far more intrinsic values than a formal definition.
Many people see their self-worth and self-esteem in terms of how much money they have.
Other people greatly respect you more if you have money. They don’t care how you got it, as long as you have it and spend it on or with them.
Do you feel that way?
We know many in our circle who do. Especially males.
So, if you are young, wouldn’t you agree that the sooner you understand how money works, the better?
Let’s walk over to the bookstore.
First, understand how to make money.
How to Make Money: The 88 Steps to Get Rich and Find Success Paperback – January 1, 2011
By Felix Dennis
“Felix Dennis is one of Britain’s wealthiest self-made entrepreneurs with an estimated fortune of GBP500 million. And he didn’t get there simply by reading about how to get rich. He went out and did it. Appreciating that those intent on becoming rich will not have the time or inclination to read page upon page of guidance and advice on the subject, Felix Dennis has reduced his own business wisdom to 88 tenets of wealth-generation, all written in his inimitable style. “How to Make Money” is for those determined to get rich, for those who will not confuse reading with doing, for those who seek the narrow road. (First published in hardback as “88 The Narrow Road”.)”
88 steps. That’s a lot.
Our experience is, even if you can remember and truly understand just a few of those steps, it can make a major difference in your life.
Now, once you learn how to make money, it is extremely important to learn how to save it.
Money Savings Challenges Book: Fun and Easy Way to Save Money! Paperback – April 11, 2022
“Our Money Savings Challenges Book will help you save money in an easy, fun and most of all effective way! Inside you will find 5 varied and interesting challenges to make the process of saving money easier than ever for you. Simply color in each shape as you go to hit your target!
The benefits you will gain from this book:
- Improving consistency
- Achieving your goals faster
- Awareness of your spending
- Providing financial security
- Peace of mind
- A lot of money!
What will you find inside?
- $5 Daily Envelope Challenge (20 pages)
- $500 in 30 Days Challenge (20 pages)
- $5,000 in 26 Weeks Challenge (20 pages)
- $10,000 in 52 Weeks Challenge (20 pages)
- “As Much as You Can” Challenge (20 pages).”
It actually does sound fun.
It could certainly help you lose your fear.
If you are young, try and understand how money works very early. As you age, you certainly are going to need a lot of it.
We live in a time period where many are living in their cars, on the streets or in compromised situations like moving back home with their parents or having strangers for roommates.
If you learn how to make money and save it, your life experience should be very different from the above.
We have a visiting writer with some additional suggestions.
Mastering Your Money
I Need More Money
Money is the root of all evil. Money can’t make you happy. Money doesn’t solve your problems. Money isn’t everything. All this negative opinions about money. Opinions not facts. No wonder people are broke, struggling, and in debt. People associate greed, evil, and other bad things with money.
But if money is so bad. Then why do you work all week for it? Why do people play the lotto, start businesses, and go to Las Vegas to win it? People scratch and claw for overtime. People work 2 to 3 jobs for money. Why? Because they need more of it. Churches need money, charities ask for donations, and schools are always begging for help. Those institutions need money.
You think you need more money to pay your bills, pay your debts, and put food on the table. The truth is more money will not solve your problem. Most people get a raise every year and still are broke. Most working people have doubled their incomes and still are at the mercy of their debt. You hear horror stories of athletes and entertainer losing all of their fortunes. Didn’t they make more money?
The Truth About Money
I opened this article with some of the most popular sayings about money. I call them opinions and not facts. I said money is the root of all evil. You hear that a lot. People say, “the Holy Bible says it.” Well it doesn’t. Timothy 6:10 says, “For the LOVE of money is the root of all kinds evil… ” So don’t love money.
Another saying is money can’t make you happy. But studies show that spending money makes people happy. When you get a raise, work overtime, or receive that tax refund check, the first thing you do is think about spending that money.
Money Isn’t everything. Another opinion and not fact. If it isn’t everything why are people working 60-80 hours per week? What is all the overtime for? Why do we borrow it to take vacations, buy furniture, and appliances? Why are we working so hard to pay off the debts that bought the stuff we couldn’t afford in the first place? Sounds like it’s everything to me.
Money is Amoral
Money is neither good or evil. It’s just like a brick. A brick can be used to build a wall, house, or building. Things that can help people. It can also be used as a weapon and hurt people. Same brick but it is the user that determines if it is used for good or evil.
Money is a tool to use for the exchange of goods and services. It’s not emotional you can’t hurt it. It doesn’t cry. You never actually lose money it just ends up somewhere else. Those who learn to control it can multiply it. Those who can’t end up broke and in debt. Your money does what you want it to do.
When you detach yourself away from money and don’t get emotional. You see it as a tool to better your life. Let go of those old notions. Those misconstrued myths that hold you back and actually make you a slave to money. Get control of your money and make it work for you.
Your Bank Account
I can look at your bank account and see what your priorities are. Are you a giver, saver, spender, or debtor? Your spending habits reveal your character. Do you delay gratification? Do you have a long-term view for your family’s finances? Are you planning to create wealth for the future?
Money Woes
The lack of self-discipline, self-mastery, and guidance are the cause for most people’s money worries. The inability to delay gratification causes people to go into debt and spend all or more than they make. This creates a financial crisis and most people are one paycheck away from a financial disaster.
Mind Shift
It takes a mind shift to go from spending beyond your means to living frugally, saving, and investing your money. A change of attitude and a long term view is the only way people can get control of their finances.
Income increase do not help. As income rises so does expenses. You have to practice the wedge principle. Drive a wedge between your raises and your expenses. Don’t spend everything you make. Leave that raise, overtime, and bonus alone. Apply it to debt or savings.
Practice the 1% Formula.
To get control of your money practice the 1% formula. This is a simple step to start reeling in your finances. Beginning this month you are only going to live off 99% of your total income. You are going to put 1% of your income towards a savings account. The next month you are going to increase that to 2% and then 3% until you get to 10% of your income being saved.
That is a 10 month process. Some of you can do this now. But for those who have never saved or followed a financial plan this is a start. There are a ton of books on the market that teach you how to control your money. I like the Total Money Make Over, by Dave Ramsey. I paid off all my consumer debts in 10 months on his program.
Get control of your money now. Pick up a book, join a Financial Peace University Class, or download some audio. Making more money will not solve your problems. But getting control of your money will.
Charles Fitzgerald Butler, is an entrepreneur and expert in internet marketing. Charles has a passion for helping people start and run successful home businesses. You can partner with Charles and start building multiply income streams from your home. Charles’ goal is to help all who partner with him achieve cash flow and profits from their business.
Marketing, leadership, and a business blueprint are essential in your success. Get Your Business Success System Here: Join Now [http://myblog.cfbutler.net]
Helping Families Create Wealth Through Real Estate and Entrepreneurship. Watch the Video for Here: Marketing Systems [http://myblog.cfbutler.net/category/entrepreneurship/]
Article Source: https://EzineArticles.com/expert/Charles_Fitzgerald_Butler/1317844
Article Source: http://EzineArticles.com/8715260
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