Guide to Finance

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Make Money Work For

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At school we are not taught a financial education, or even how to manage cash, we were taught how to work for money but not how to make money work for us.



Also at school we were taught to memorize. When doing an exam you would study for a bit and normally memorize all your notes the night before. If you had to sit that exam a year later you would probably fail because you would've forgotten the information, so it's not really learning is it? Memorizing, and putting into practice are two different things.

For most people, they're also afraid to step out of their comfort zone to try new approaches or strategies to get what they really want in life and end up sacrificing their time and money to a cause they have no interest in. Are you dedicated enough to step out of your comfort zone and make a difference in your life?

Another reason why people won't step out of their comfort zone and have a go in life is their focus. They're not focusing on their destination, for example as Jamie McIntyre explains it, "When driving, do you focus on your destination and where you're heading or do you focus on the bugs on the windscreen?" Those bugs are related to fear and pain. When you mention investing to the un-educated or those without the right mindset, they have the fear and pain of losing money. For most people the need to avoid pain is greater than the need to gain pleasure.

Another point of mention is mindset. In particular, the mindset of the majority of people around money. Most people delude themselves when it comes to money. They think money will solve all their problems, hence the reason why many people buy lotto tickets. But look what happens to the majority of those who actually win lotto, most are worse off three to seven years later. They never had the mindset to make money work for them. They had more money than their personal development. You only have to look in some trashy celebrity magazines and you'll more than likely find a movie star, rock star or sports star stuffing up their life because they've had more money than their personal development. Mindset is 80% of what it takes to be financially independent, 20% is strategies but without the mindset you'll never implement and fully take advantage of the correct wealth building strategies.

Everyone has so much fear and panic at the moment because of the share market, but for those with the right mindset and education will see massive opportunity.

You only have to look at the big players like Warren Buffet, who is among the richest people in the world, to see the great opportunity available. He recently invested over six billion dollars into one of the heavily beaten down global investment banks.

Some people are too fearful, they're afraid of something which has happened to either themselves or someone else they know, but what's the point of dwelling on the past. Would you go flying down the highway looking in the rear view mirror? Hopefully not, so why would you do it in life?

Also, the general cultural belief system around money which the majority of Australian's subscribe to will hold most people back and that is "if something sounds too good to be true it normally is". But if you never take a chance on something or take on any risk in your life, what are you going to be stuck doing for the rest of your life? More than likely you will struggle, whinge and complain about lack of time and money.
Make Money Work For
How would you like to remove the barriers that could be holding you back from getting and staying rich for the rest of your life?

First, you should change your relationship to money from the negative to the positive before you can turn your cash flow to where you want it to be.

Have you ever heard of the money tree? It's a metaphor for securing financial success. If you'd like to become wealthy, you need to make sure that your money tree can grow big. To do that, it needs strong roots and a fertile ground to grow in.

It's really what's under the ground that creates what's above the ground. It's the invisible that creates the visible. So you will have to "grow better roots", meaning

you have to change the beliefs you have about money. If they are rooted in negativity then it acts like a poison and your money tree won't bear any fruit (money).

On the other hand, a money mindset rooted in positivity creates a healthy, strong money tree that will bear lots of fruit!

Hey, you are probably thinking that you already feel positive about money. Who doesn't want more money?

The truth is that we all have some unhealthy issues concerning money - we just aren't always aware of those issues!

1. Change Your ?Money Settings?

You were taught how to think about and handle money whether or not you realize it. At the same time, you developed specific attitudes towards money. When you were younger, you had many sources of influences about money; like parents, siblings, friends, teachers, religious leaders, media and the culture we all live in as well.

And this conditioning about money stays with you for the rest of your life unless you do something about it right now!

Once you are aware of your money mindset you can make the choice to change it around to the positive and get you going

towards the riches you deserve.

It's important for you to take a few minutes to go over these "Money Beliefs". Did you ever hear phrases like this?

?Money is the root of all evil

?Rich people are greedy

?You can't be rich and spiritual

?Money doesn't buy happiness

?And the famous??We can't afford it?

?Money corrupts

?Money doesn't matter

?There is not enough to go around

?You don't deserve to have that

?Money changes people

?Having lots of money is a hassle

?To be rich, you have to use people

and take advantage of them

?I'm not smart or educated enough

?If you are not born rich, chances are

you will never be rich

and also, if you were rich, then.....

? I could lose it and be a failure

? I would never know if people like me for myself or for my money

? Everyone is going to want a handout

Secondly what are your parents/guardians like in the arena of money? Are they managing their money well? Are they spenders or savers? Does money come easily in your family or is it a struggle? Is money a source of joy or the cause of bitter arguments? Can you think of a specific incident in your family that had to do with money?

With all these attitudes and influences surrounding you all your life, it is no surprise then that you unconsciously will shy away from having and keeping lots of money, is it?

Wealthy people do not think about money in these negative terms. They know that by having lots of money they are able to

give back to the world in many ways. The best way to help poor people is to not be one of them

2. Take Control

You need to know that now YOU are at the steering wheel of your life. You create every moment in your life, especially your financial life. If you don't believe this, then you may believe that you have little or no control over your life and that financial success has nothing to do with you. This is very negative; instead of taking responsibility for what's going on in your life, you are choosing to play the role of the victim. Of course, any victim's thought process includes thinking "poor me". The problem is, thinking like that gets you nowhere, and before you know it that's exactly what you'll be ? a poor you!

3. Stop the Blame

You can blame the economy, the type of business, the government etc. You can use excuses and justify yourself for not doing well financially, for example, "I don't have the right education" or "I don't live in the right part of the country", "I am not smart enough" or "I don't know the right people? and so on. However, these things aren't true. You can succeed anywhere, and the first step in that success is getting a better outlook on your situation and environment.

4. Banish Pessimism

Complaining a lot doesn't help your finances either. While you complain you are focusing on the negative parts of yourself that you may not like. This reinforces bad thoughts you may be having about yourself, and it actually causes you to attract more negativity. So do yourself a huge favor and stop complaining or blaming or justifying. You are only putting yourself in the role of a victim and there is no such thing as a rich victim!

5. Count your Blessings

It's also important for you to see the blessings around you right now, however small they may seem. Each of us living in North America is actually rich already compared to other parts of the world. We have so much available to us, like roads, towns/cities and stores, public places like libraries, swimming pools, parks, arenas etc.

See yourself having abundance right now and it's from that standpoint that you can go towards receiving an abundance of money as well.

If only I had changed my "money settings" as a teenager! I would have been financially free a lot sooner. I used to think that becoming wealthy was only for other people. The truth is that you can become rich and you deserve to!

I highly recommend the book Rich Dad, Poor Dad by Robert Kiyosaki, (ISBN: 0446693219) for you to begin understanding more about becoming financially free, using the money concepts rich people use to help you put money in your pocket and not out of it.

It should be available at most libraries.

This article is part of the Teenacity Teen Chat Guide ?Get what you want and break free? ? 6 ways to help you unleash your greatness no matter what your life is like now! Go to HTTP://WWW.TEENACITY.COM ? The # 1 Place for Teens ? Where You Are Accepted For Who You Are ? and get your copy now free of charge!
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About Author
Both Greg Suggate & Christine Mcgogy are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Greg Suggate has sinced written about articles on various topics from Finances, self improvement and motivation. Greg Suggate is an accomplished Stock and Options trader and Entrepreneur. Although having a Diploma of Financial Services he has no interest in working in the Financial Planning industry. His goal is to demonstrate to those less fortunate about the benef. Greg Suggate's top article generates over 2900 views. to your Favourites.

Christine Mcgogy has sinced written about articles on various topics from Parenting, Web Development and Finances. Christine McGogy, mom of two Teens,Founder and Owner of ?. Christine Mcgogy's top article generates over 2900 views. to your Favourites.
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