Immutable Law of Money
We learn from a young age that money is important to our way of life. But how many of us are taught the immutable laws of money? There are three laws that we should follow that are foundational in our relationship with money. Learn each of these and share them with family, friends, children, and grandchildren.
Law #1 → You must enjoy earning it.
The first law of money is that you must enjoy earning it.This is the most basic law of money, and it is critical that you understand and follow this law. If you don't enjoy earning the money you are working for, then building financial security will be drudgery. Wealth without well-being is not wealth at all, it is simply material possessions.
They say it takes 10,000 hours to become an expert in something. A job along the way is a means to support yourself so you can work towards your chosen career. A prerequisite for a great career is that you enjoy what you do. Money shouldn't be the only thing driving us forward we should also focus on our passions. So if changing careers isn't possible for you at the moment, try and find positivity where you are by looking at the good aspects of your current occupation.
Law #2 → You must enjoy spending it.
The second law of money is that you must enjoy spending it. Just as it is important to enjoy earning money, it is just as important to enjoy spending it. Money is meant to be used and to relish its utility. It is not meant to be hoarded.
Think about the ways you like to spend money and make sure you are doing those things on a regular basis. Make room in your budget for the things you enjoy and make sure you are living a life that is fulfilling to you.
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Law #3 → You must enjoy saving it.
The third and final law of money is that you must enjoy saving it.This doesn't mean stashing every penny you ever earn or refusing to spend any of your hard-earned cash.Instead, it means finding a balance between spending and saving so that you may obtain and sustain financial well-being, what I call Financial Fitness.
Savings are crucial because they provide a safety net for tough times and can also help you attain greater financial aspirations, like owning a home or retiring sooner.Calculate how much you need to set aside monthly to hit your targets, and then make sure to follow through with your plan!
Recap →
These three laws are straightforward and will put you on the path to financial well-being. So sit back, relax, and enjoy earning, spending, and saving your money. And remember, if you are healthy and of sound mind, you already have everything need to succeed!
P.S. There is a fourth law that accelerates the accumulation of abundance of money, giving it away.
Have a marvelous Monday!
—William Corley
