On this #FundMeFriday I am going to discuss something that is asked of me over and over again and that question is, “Why don’t I ever have any money”? Does that question sound familiar to you? I’m sure it does and my answer comes in the form of one word, THINGS. That’s right, things. Let me explain.
I am going to start off by telling you a little tidbit of information that I hope you take with you along your journey through life. Did you know that one, just one common denominator that wealthy people share is that they don’t spend their money on endless things. Wealthy people spend the majority of their money on items that will have some type of ROI (Return on Investment). If they enjoy playing the stock market, it’s because they are getting interest or dividends returned to them. If they enjoy real estate, they buy It with the knowledge that the property will appreciate, there will be rental income and they can write off depreciation. Those are only two examples of how the wealthy maintain their money.
Now, on the flip side of wealth, we have those individuals who are broke or living paycheck to paycheck or who are so deep in debt that they don’t know what their next move is but, they too have something in common. What this group has in common is that they all have enormous amounts of things. Things that I guarantee they have already forgotten about but that are stored somewhere in the home.
If you want to be wealthy or if you just need to start walking along that path toward wealth and as far away from broke as you can get, then stop spending your money on useless and unnecessary things. I’m not saying you can’t enjoy your life and have stuff. What I am saying is that instead of buying your monthly 5 magazines, just buy one from now on. Instead of having twenty-five pairs of jeans, maybe only have ten. Instead of shopping three times a week, maybe you shop once per month. Stop spending just to spend.
Here’s a question for you that might make you understand this a little bit better. Did you ever help someone move from one house to another or have you ever moved from one place to another? If the answer is yes, you probably thought to yourself at the time, “How hard can this be? It’s only a one bedroom apartment”. Then, the day arrives and it turns into a nightmare of boxes and endless hours of packing. The reason is the same for everyone, you have so much unnecessary and useless things that you have long since forgotten about them and now these things are just moving along with you to sit in a new place and be useless and unwanted there. Stop buying things that you don’t need just so you can have them.
This is a genuine answer to those who always ask and to those who need to hear it. I am going to end by giving you a little assignment. Next time that you have some free time on your hands, watch a few episodes of Hoarders. I completely understand that most of these people probably have some type of severe psychological disorder that causes them to hoard the way that they do but let me tell you this, the hoarding aspect is exactly the same just on a smaller scale. So the next time you want to know where all your money is, take a stroll around your house, especially your closets.
Please, if you don’t read any other book this month, read the book Spent. It will change how you look at your life and habits but more importantly, it will put you on that path toward wealth so that the place you call broke will be far back in that rear view mirror. Go to your library today and start reading it as soon as possible. If you can’t get it from your library, here is a link to get it from Amazon>> https://amzn.to/2qdROTu
If you choose to shop in Amazon, I would greatly appreciate it if you could use the link I have provided. As an Amazon Affiliate, it is possible I can earn a bonus and therefore continue to provide continued content we all enjoy. Thank you in advance!
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