I
rarely talk about money because I've been such a bad example of its proper uses.
The other day I was talking about knowing what to do and not doing it, and that
is how I dealt with money most all my life. I know that I have lots of company
in that, but it doesn't make it feel better. Heck, even our government is a bad
example.
Jim
Rohn is a great mentor in money and psychology. He simplifies it to the extreme
as in this very short few sentences: "The philosophy of the rich versus the poor
is this: The rich invest their money and spend what is left; the poor spend
their money and invest what is left." There you have it.
Also,
in that statement, rich and poor have little to do with dollars and everything
to do with philosophy or attitude. There are many people that are poor that earn
tens of thousands of dollars a month, and more.
Here
is a telling one from Jim: "I remember saying to my mentor, "If I had more
money, I would have a better plan." He quickly responded, "I would suggest that
if you had a better plan, you would have more money." You see, it's not the
amount that counts; it's the plan that counts."
About
six years ago, I was doing some training at a dealership and we were listening
to a Brian Tracy set of CD's. One thing that was said that really struck home
with me. He said, "you can't be great if you don't learn how to save money." Of
course, those of us who were great consumers and users couldn't be bothered with
that until we had a better plan which never seemed to arrive.
To
make all of that so much worse, it was the borrowing for that huge home we
didn't really need, but was convinced was an investment, along with the credit
cards, numbers of them to get those things we needed when we didn't have any
money left. The easy payments began to grow into uneasy payments and then we
were serving our lifestyle instead of enjoying our lives.
I
know it all too well. For a long time I was ashamed about it inside, but I've
let all that go. I'm just bent on making better decisions. The other thing is
about the idea of living within our means. We need to live below our means if we
want to save and invest.
I've
learned that someone who has learned to save and invest can have the same
downfalls and lose everything just like the rest of us can. The difference is
that they come right back up because they have the philosophy down and where
ever they start, they start with the better philosophy. Jim made it easy and we
all know the philosophy and we know it is better as well. All we have to do now,
is live it.
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