Money Principle ✨💰

1/2 Edited to

... Read moreWhen I first stumbled upon these 'strange' money principles, I admit, I was skeptical. We're often taught conventional wisdom about saving and budgeting, but these ideas felt like they were turning everything I knew upside down. Yet, after years of trying the 'normal' way and not seeing the progress I dreamed of, I decided to give them a real shot. And honestly, it's been a game-changer for my financial journey. One of the biggest shifts for me came from truly understanding the concept of 'buy assets, not liabilities.' It sounds simple, right? But in practice, it’s a mindset revolution. For years, every time my income went up, so did my lifestyle – new car, bigger apartment, more expensive gadgets. I was essentially trading more money for more liabilities. This directly relates to the first principle we talked about: 'When Income Goes Up, Lifestyle STOPS.' It's about consciously creating that 'gap' between what you earn and what you spend. Instead of letting lifestyle creep eat up your extra cash, you channel it. So, what exactly are assets? For me, an asset is something that puts money into my pocket, or at the very least, holds its value and can be converted into cash. Think about it: a skill you develop that allows you to earn more, a small business you start, a dividend-paying stock, or even a rental property. Liabilities, on the other hand, take money out of your pocket. That shiny new car, unless it's a tool for your business, is often a liability because it depreciates and costs money in maintenance, insurance, and fuel. My personal journey involved shifting from thinking about what I wanted to buy to what could earn for me. It wasn't always easy to say no to instant gratification, but the long-term freedom it promised was a powerful motivator. This is where the idea of 'deploying money like soldiers' really hit home for me. Once I started creating that financial gap, I had capital to work with. Instead of letting it sit idly, I began to actively send it out into the world to fight for my financial future. For me, this meant investing in my own skills through online courses, putting money into growth stocks, and even starting a small side hustle that eventually became an asset. It’s about being intentional with every dollar, viewing it as a tiny soldier ready to create more wealth. And let's not forget the 'engine' of wealth creation: selling. It might sound intimidating, but mastering selling isn't just about sales jobs; it's about communicating value, whether you're selling a product, a service, or even yourself in a job interview. My experience taught me that without the ability to generate income effectively – which often involves some form of 'selling' – it’s much harder to acquire those valuable assets. It's the fuel that powers your asset-building machine. Embracing these principles has truly transformed my relationship with money. It's less about chasing the next paycheck and more about building a robust financial system that works for me. If you're feeling stuck on your wealth-building journey, I highly encourage you to look beyond the conventional and consider these 'strange' but incredibly effective money principles. They might just be the key to unlocking your own financial freedom, just like they were for me!

1 comment

Olivia Jesse's images
Olivia Jesse

This is great!! 🔥🔥

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The image displays a laptop with white headphones and an iced coffee on a table. Overlayed text in pink and white reads "19 MONEY RULES EVERYONE SHOULD LEARN BY 25 $", with a money bag and lightbulb icon. A "Swipe" arrow is at the bottom right.
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This slide details money rules 3 and 4. Rule 3 suggests budgeting using the 50/30/20 rule for needs, wants, and saving/investing. Rule 4 advises dividing bonuses into thirds for fun, retirement, and debt paydown. A "Swipe" arrow is at the bottom right.
Money rules to learn by 25
Absolutely! Learning key money rules by age 25 can set you up for financial success and stability in the long run. It's the perfect time to lay a solid foundation for your financial future. Let's dive into some essential money rules: 1. **Live Within Your Means**: This is fundamental. Sp
Lizzy Reaux

Lizzy Reaux

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A person in a dark tracksuit holds a bag, with the bold pink text "6 RULES OF MONEY" overlaid. The image serves as a title card for financial advice, with a user handle at the bottom.
A white background displays a numbered list of six financial rules: spend less, save for emergencies, invest long-term, pay off high-interest debt, plan for retirement, and live below your means.
A white background features the large text "QUICK TIP" above a speech bubble. The bubble advises viewers to like and follow for more tips, tricks, and advice, accompanied by a pink 'follow' badge.
6 rules of money
The 6 rules of money typically involve principles like living below your means, saving and investing wisely, avoiding debt, continuously learning and improving financial literacy, diversifying income streams, and setting clear financial goals. These rules are foundational guidelines designed to hel
Lizzy Reaux

Lizzy Reaux

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Rules of Money!
#phoenixfinancials #money #education
phoenix_financials

phoenix_financials

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The image illustrates the 50-30-20 budgeting rule, showing 50% for Needs (rent, utilities), 30% for Wants (hobbies, holidays), and 20% for Savings (goals, emergency fund). Each category is represented by a percentage in a circular gauge and a list of corresponding expenses.
Master Your Finances with the 50-30-20 Rule 🔑ℹ️⬇️
Struggling to manage your money effectively? The 50-30-20 rule is a simple yet powerful budgeting method that helps you allocate your income in a balanced way. Here’s how to break it down and make it work for you! Breakdown: 1. 50% Needs • Description: Essential expenses that you can’t avo
RoadToRiches

RoadToRiches

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A close-up of multiple bundles of US hundred-dollar bills with the text '15 money tips you need to know' overlaid, serving as the title for financial advice.
Bundles of US dollar bills in a box, displaying the first three money tips: money reveals character, avoid debt, and attract money through value and strategy.
Bundles of US dollar bills in a box, presenting money tips 4, 5, and 6, which advise investing time before money, learning to earn more, and mastering finances.
Learn These 15 Money Rules or Struggle being broke
Let’s be real. Most people don’t have a money problem—they have a mindset problem. You ain’t broke because you don’t make money. You’re broke because nobody showed you how to manage what you got. Ain’t nobody taught you how to multiply it, invest it, or protect it. But that stops now. These 15 m
Kingdom Millionaires

Kingdom Millionaires

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