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Money & Wealth

Never spend your money before you have earned it.

~ Thomas Jefferson
  1. Do not wait until you have money to learn about money.
  2. Money is not inherently good or bad. It is our relationship with it that matters. Money is not the root of all evil, and having money is a good thing. Your attitude towards money is what can cause some problems. But putting money above all other things and the people you love will make you an unhappy person, no matter how wealthy you get or how many things you have. Use your money for positive action by giving to others and taking care of the ones that you love. Your treasure in life will come from building, loving, and protecting your family, friends, and your character.
  3. If money is the most important thing to you, then you will spend your life wasting your time.
  4. Do not overvalue what you might not yet have, and undervalue what you already have.
  5. When payday comes, pay yourself first. Just make sure you have budgeted enough money to pay your bills. Always have at least three months’ worth of savings set aside for emergencies.
  6. Wait 24 hours before making a big purchase to think about it.
  7. Wealth is not just about material possessions but also about having an abundance of joy, love, and meaningful relationships.
  8. Focus on creating value and solving problems for others rather than just making money.
  9. Avoid being overly attached to money and possessions, as this can lead to suffering.
  10. Develop a healthy relationship with money by practicing generosity and giving back. Remember that money is a tool that can be used to create positive change in the world. Use your financial resources to support causes and organizations that align with your values.
  11. Avoid living beyond your means and taking on unnecessary debt.
  12. Understand the difference between needs and wants, and focus on meeting your needs first.
  13. Invest in yourself by acquiring new skills and knowledge, which can increase earning potential and career advancement.
  14. Make informed and thoughtful choices. Don’t let fear or greed drive your financial decisions.
  15. Meticulously track your expenses to better understand where your money goes each month.
  16. Create and stick to a budget to help you manage your money more effectively.
  17. Consider the long-term impact of your financial decisions and investments.
  18. Focus on paying down high-interest debt first to prevent interest from piling up as time goes on.
  19. Avoid comparing your financial situation to others; everyone’s journey is unique.
  20. If your company has a 401(k), consider maxing out your contribution. If you are self-employed, research ways on how best to save for retirement.
  21. If you know you will owe taxes, start putting money aside well before taxes are due.
  22. Don’t buy a timeshare.
  23. Be critically minded towards a person or business when it involves them taking your money.
  24. The true measure of value isn’t determined by those who set the price, but by those who willingly choose to pay it.
  25. Overdrafting your checking account is no one’s fault but your own. 
  26. If you borrow money from someone, paying them back quickly (with interest) should be your highest priority.
  27. Never compromise your character for money. It is the one thing that cannot be taken away from you.
  28. When considering buying a car, don’t view a car as just a tool for getting from one place to another but rather as a reflection of your identity and values. Before deciding, consider whether buying a car aligns with your true desires and purpose in life. Be mindful of the environmental impact of the car you buy and consider alternatives to driving, such as walking or public transportation. Avoid being overly attached to the idea of owning a new, flashy car, and consider purchasing a used car that has already served someone else well. Be present and mindful when test-driving a car, paying attention to how it makes you feel and whether it aligns with your true desires. And be aware of the hidden costs of owning a car, such as the environmental impact and the societal costs of maintaining roads and infrastructure. And always do a lot of research on sales tactics used at dealerships before you even make contact with them. You’d be surprised at all the tricks they’ll use to manipulate you, wear you down, and get as much money from you as possible.
  29. When considering buying a house, don’t view it as a symbol of success or security but rather as a reflection of your values and the life you want to lead. Before deciding, consider whether buying a house aligns with what you really want and consider renting instead if that fulfills your needs. Avoid being overly attached to the idea of owning a large, luxurious house, and consider a smaller, more sustainable home that aligns with your values. Be present and mindful when touring a house, paying attention to how it makes you feel and whether it aligns with your true desires. Be aware of the hidden costs of owning a home, such as property taxes, maintenance, and environmental impact. And just like buying a car, be sure to research sales tactics that will be used on you when purchasing a home. Spend a good time finding a good and qualified Realtor to work with that has your interests in mind and not the seller.
  30. Develop a healthy relationship with wealth and money, recognizing their limitations in providing true fulfillment. Focus on cultivating inner peace, strong relationships, service to others, and personal growth, and use your resources to positively impact the lives of others and the world around you.