Tag Archives: Money

A Great Money Quote to Share – “Making Money Is Action…”

I stumbled across this from a YouTube comment and looked it up to find that it is an actual quote. I thought it was valuable enough to share with my readers and something that I also agree with. In order to attract financial abundance, it is important to actually take action by going out there and working for it! Unfortunately for most people, money doesn’t just fall from the sky or land in people’s bank accounts for no reason. Often people complain that they are broke and if this is the case, then it is time to dig deep and find ways to take action to change this. This might mean that it is time to change careers or find multiple streams of income. There are unlimited opportunities in this world to make money and many that do not even require a professional degree. In other words, you do not always need a formal education in order to make a living and ultimately it all starts with taking action.

While generating an income is important, having the right habits and behaviors to ensure that you are saving what you can and not overspending is equally essential and oftentimes even more so. Meaning that no matter what you are starting with, you have the ability to control the way in which you spend your money and you can actually build up a good savings, even if you are not making a lot of money at the present moment. The best ways to go about this is to track your spending so you can examine exactly where your money is going, set savings goals to keep in order to stay hyper focused, and make a conscious effort to not spend beyond your means which might mean cutting back in certain spending areas in your life.

While the last saying in the image above is labeled as “growing” money, I would say another word that can work in place of it besides growing is investing. I would agree that this does take extra knowledge and research in order to find ways to invest your money in order for it to grow over time. While many people think for today, when it comes to your money, you need to think about your future many years down the line to ensure that you have money during all stages of your life which also means your retirement years. Even if that seems very far away from now, you still should start investing at a young age so that your money continues to grow abundantly.

How to Cut Spending Without Feeling Deprived

I haven’t really written a financial related blog in quite some time and I feel that while this is always a topic of interest, proper money management is also a much needed life skill. As important as it is to amp up your salary or to find multiple streams of income, someone can make all the money in the world and not know how to manage it or overspend it where they do not have much money at all. That is why it is beneficial to know how and when to cut spending but to do so without feeling deprived so that you can still live your life in abundance.

Which leads me to the point that although it sounds like an oxymoron to preach about having an abundant life but then you have to cut back on spending money, the truth is that you can actually do both at the same time. For one, it is important to be thankful for what you currently have because practicing gratitude actually attracts more abundance into your life. Also consider that if you are happy with what you have, you will likely be spending less money on things that are not a true necessity which is a good thing because that means that you will be spending less money on things that you do not need.

Everyone has different areas in their lives that they are willing to spend more money on and things that they do not care about or prioritize as much. I would suggest establishing what areas that you can cut back on and the ones that you are willing to splurge on. For example, for me personally, I think it is a waste of money to buy lunch all the time or to purchase coffee daily so I do not spend much money on these items as I prefer to save the money and make my food and coffee at home. On the other hand, I know that there are people who find it to be quite enjoyable to buy their lunch and/or coffee on a daily basis because it is a luxury to them and just makes their lives more convenient. My point is, what I might label as a “waste of money” might be something that is very valuable to another individual so that is why I said that everyone needs to determine what they like to splurge on and then what areas that they can save their money on. This way you will have a balanced approach to your spending where you can have the things that you really care about but then you can also save money as well by cutting back on the things that are not essential to you personally.