Let’s be honest — one of the most challenging aspects of handling finances is figuring out how to manage it effectively.
In the video above, I’ll reveal the precise tactics I, along with thousands of my students, utilized to take control of their finances and achieve financial independence. If you’re interested in finding out more, keep reading.
Your Financial Achievement Is Mainly Dependent On How You Handle Your Money
The fundamental distinction between financial achievement and financial downfall lies in your money management skills.
Gaining mastery over money management is what enables you to achieve financial independence — and with that independence comes the capacity to spend your time as you wish, rather than being compelled to work merely to get by.
Many of us aspire to reach financial freedom — that point when we no longer have to stress about paying our bills or covering rent, when all our essential needs are met.
However, achieving financial freedom can only occur when there is sufficient money left over to allocate toward our desires, whether that’s settling debts, enjoying leisure activities, or taking an extended vacation. Ultimately, that’s our collective goal.
Everyone I’ve spoken with yearns for financial freedom. I’ve yet to encounter anyone who doesn’t desire it. Yet, financial freedom can’t be achieved without mastering effective money management through essential strategies that will lead you to financial independence and create lasting wealth.
To truly manage our finances effectively, continue reading to uncover a few fundamental principles to remember…
1. If You Can Handle A Small Amount Of Money, You Can Handle A Large Amount
No matter where I find myself globally, if the topic is money, I always receive the same inquiry: “Harv, I don’t have much money, in fact, I don’t have any spare cash, so how can I manage it?”
To respond to that inquiry, I provide a straightforward analogy:
Picture that you have a specific amount of money and you visit the grocery store weekly. Let’s assume you spend $200 on groceries for your weekly meals. Upon returning home at noon, you decide to have lunch. Are you going to consume all the groceries? Of course, you aren’t going to eat everything at once — you bought it to last the week! Instead, you’re going to manage it to ensure it lasts you the full week. Right?
The same concept holds true for your finances:
You need to manage your finances properly to ensure they last.
Here’s the reality, regardless of how much income you have, you need to manage it. And here’s why:
We are creatures of routine.
So if you’re not accustomed to managing your finances, when you start having MORE income, can you guess what will happen? You’ll still neglect to manage your finances. Everything will vanish, and you’ll be left wondering…