What is your relationship with money?
Do you know that your relationship with money has a lot to do with your speed of wealth growth? What is the relationship with money then?
If you are having good relationship with money, it means that you are working well with money. You are neither obsessed with more money nor you dislike money. You love money but you are not emotionally tied with money.
For this group of people, they understand the value of money. They know how to earn more money as they spend time understanding the concept of active and passive income. Also, they are willing to spend on things they need to spend on because they are not too emotionally attached to having lesser money son buying things they need. They do not hoard money by simply saving the money in the bank because they understand they need to take certain risk to get higher return. Security is the opposite of freedom. A prison is secure, hence the prisoner has no freedom. Security and freedom cannot be achieved at the same time. When higher return is required, certain level of risks must be taken.
People who are not having good relationship with money are people who always avoid the financial topic because they either cannot cope with money issue or do not care about the money. This group of people hence cannot manage or do not manage money at all. At the same time, it can also be the people who are worried too much about money.
The people who cannot cope with money are generally compulsive spender. They like lifestyle and easily fall into the debt trap. Once they are in the debt trap, they will try to avoid the financial topic thinking that it will be resolved automatically in the future but in fact it gets worse.
The people who do not care about money are thinking money is unimportant. The thinking is mostly from their family history which they think that money is evil and hence it should not affect the important decision in life. This group of people will ignore the money management hence results in poor financial situation.
The people who are worried too much about money are generally compulsive saver. They are worried too much that they do not have enough money and require high security on their finances. Hence, they are always worried that they will lose their money in investment and are lack of confidence in achieving financial success despite they are saving a lot of money. Understand your current relationship with money and change the relationship for better wealth growth. If you are treating the money like your friend, your finances will be well. Do not treat your money like your master or your slave. Treat it well and you will see more coming to you effortlessly.
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