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The Money Rules

Guest post by: Jim Stovall

Article Overview: There's probably nothing more misunderstood in our society than the acquisition and use of money. Nothing can take the place of money in the things that money does, but outside of the small scope where money is useful, it has little or no value. When it comes to your health, family relationships, or personal well-being, money is of little importance.

The Money Rules

There's probably nothing more misunderstood in our society than the acquisition and use of money. Nothing can take the place of money in the things that money does, but outside of the small scope where money is useful, it has little or no value. When it comes to your health, family relationships, or personal well-being, money is of little importance.

It is fascinating to me that we can go through 12 years of public education, and many of us acquire university degrees, but we have received little or no training in how to deal with the commodity that is our universal means of exchange. There are probably more books and seminars on the subject of money, but still the mystery persists.

There are only four things you can do with your money: Acquire stuff, buy security, create memories, and make the world a better place. There is no right or wrong place to put your money as it relates to these four areas. As in most life decisions, balance is the key.

Acquiring "stuff" has become our national pastime and obsession. Most people spend more time working than necessary so they can acquire stuff that they don't have time to use because they spend so much time working to get it. Security is an admirable pursuit. But if you're not careful, you will fall into the group of people who spend their whole lives preparing for a rainy day, and it never so much as sprinkles. Creating memories is an important activity. Those memories can never be taken from you, but if all you do is pursue memories, you will spend your entire life looking in the rear view mirror. It's nice to look back there every once in a while, but if you drive through life very long looking in the rear view mirror, you are bound to get a rude awakening.

And, finally, money-like any other tool-can be used for good or for bad, but it can, indeed, help to make the world a better place when it is put in the hands of the right people. We must be cautious here as well, because among those sincere souls who seek your money for admirable pursuits, there are many who-under the guise of good works-are prepared to rip you off.

Make up your mind to spend your money wisely, because at the end of the day, what you buy with your money better be worth it to you, because you invested one day of your life to get it.

Today's the day!

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Article Tags: Jim Stovall, Money, relationships, wellbeing



Related Forum Posts
Re: Which would you start: a Blog or Online Community? - It is a difficult decision to make. Lets start it this way - What are you more interested in? Money? or Friends? or Both? If its purely Money, then Blog might be an appropriate answer. But consider this - It will be people (visitors) that will bring traffic to your blog and then Money will follow. This will be possible after a time and during this time it will be your friends who will be the starters. If you are looking for friends only, then its true that not many will be interested in knowing how you have beaten them in the game or the other way round. So it will be preferable to have a Forum where they can share ideas with you and others. But you can share your insider knowledge with them and invite comments from your Blog. You can also put up information on what others (including your friends) don't know about Tennis. The blog you create can provide News, Inside Information and also Techniques that can be used by the new entrants in the world of Tennis.
Making Money in 2011 - Hello forum members! As we draw closer to the new year I thought it would be appropriate to change the title of our forum category "Making Money in 2010" to "Making Money in 2011" - I'm looking forward to some interesting discussions and wish everyone a prosperous New Year!
QuickBooks vs. Microsoft Money vs....? - I have always used Microsoft Money to run my business - accounting, invoicing, etc. It came with my computer when I got it and integrated well with my online banking system so everything is a breeze. It only takes 30-60 minutes every quarter to do the bookkeeping (keep in mind that I have a very simple business - no inventory, very little invoicing, I do all my payments by credit card, etc). Is QuickBooks or Money the best accounting tool for small business owners? Or is there something even better?
Re: What or Who Sparks Your Business Interest - It's interesting to see what the different motivations are by Age Category. I've noticed this around me: 20 to 29yr olds: Motivator: Money 30 to 39yr olds: Motivator: Success/Ambition 40 to 49yr olds: Motivator: Family comes first 50 to 59yr olds: Motivator: Leaving a legacy i've only gone that far in my analysis. Of course this is a braid generalization but I find that it helps direct my marketing to individuals in different age brackets. The product/service can be the same but the Marketing message (Benefit Statement) to a 20 year will revolve around "Money" vs. a 30-something would be on their "Self Image"
$$$ - Money making is a talent. If used properly it can achieve desired results.


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