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Money is a game which we all like to play, but not everyone wins it.
Simply because we don’t know the rules of the game.
Just learn the rules of how to play this game. Our problem is that we are
playing something which we were never taught. From did we learn this
game? Most of us from our parents who themselves lived in scarcity
most of their lives. We inherited that mentality from them and thats
how we see it in our life also.
The three steps that I followed after changing my mindset about money
which led me to become financially free were:
I looked into my life and asked myself “How can I earn money quickly”? I
also came from a middle class family with limited resources available to
us. I had seen my parents working very hard so that they could provide
us the best resources. But I was not prepared to work like them and
spend my whole life for nothing.
While I was working for companies, I was always thinking “how can I
increase the value for them”? I was not working for money, but I was
working on how to increase value. The flow of money became automatic
for me as I was providing what others in the market were not able to
provide as I was.
Now, making money is fun for me and I still making it without much
efforts. Simply because I have understood the rules of the game. I do
what I love to do and make money from it too.
Rule number two is to be able to save more money than anyone else. I
have seen so many of my friends and business partners who made a
huge amount of money in a very short period of time, but they lost all of
it pretty quickly too.
What I did was - I made my life super simple, thus curbing my expenses
to a large extent. This created a road towards self independence in a
very short time. Infact I was financially in less than 3 years only. If I can
do it, so can you.
Stop just earning money and spending the majority of that income. You
will never win the game like this. don’t just survive, but rather live a
burden free life. At the end of this road, it is a feeling of liberation. You
can trust me on this one.
To start with I encourage you to plan on how you can save atleast 25% of
your monthly income. This is “atleast”, but if you can do more, quicker
for you to be financially free. Which means in a very short time you wont
need to work ever again to make a living.
Why do we need to save money? So that we can start growing it for our
future needs.
3. Learn to Grow your savings
The idea of this rule is to let money work for you and not you working
for money. To achieve this you need to learn how to invest your savings
so that they can grow and earn more money fro you.
Before you start to grow your money, ask yourself, “what kind of
investor I am”? Are you a low risk taker, medium risk person or a high
risk person. Once you understand this then it is much easier to know
where you should invest.
I was a medium risk taker so I invested all my money into bonds, mutual
funds, real estate and a bit in developing online courses. For me this was
a much more safer way to play a game than investing in stock market
which was very risky.
So look at your aptitude towards investments and how much risk you
can accept in order to let your money grow. My father is a low risk taker,
so he invests in bank deposits, insurance investments, post office funds
and a bit in government bonds. This dosent work for me as they are low
return instruments and slow to grow. But again, it all depends upon your
risk taking ability.
My only suggestion is not to fall into a trap of putting all your savings in
one thing only. Diversify your portfolio no matter what someone tells
you about the future growth opportunity in one particular investment. It
never works like that in real world.
Golden rule of money is- money attracts money. So start saving and
investing simultaneously and let it attract more of it.
I hope you enjoy your journey of becoming financially free quickly. The
more you play the more you will become better at this game. There is no
way you can lose this game, if you apply the rules of this game.
So are you ready to bring the change in the way you play this game?
If you want to learn more about attracting and growing money and
learning the skills necessary to win the game, we have the following
resources created for you.