Money is a strange commodity. It is unlike other commodities.
It is as if there are people with a magnet made just to attract money, while there are people who get rid of money as if they throwing water down the drain.
You will have to choose whether you like your money or you are keen to give away. When you are a business person the quest is to use as little money as you can afford, and make a lot of it to bank away in your name. I am sure ordinary people feel the same way too. So what is the magic formula we will use to make the above scenario play itself in our lives?
I think as business person you must put financial systems in place. These systems, your micro elements, must ensure that you spend as little money as you can and then make lots of profits. You must make sure the inputs and the outputs work in tandem to make your money work for you. Like, for instance, your employment practice- employing a certain number of skilful people who will manage with less but do the optimum. Machinery, do you buy, rent, lease or outsource? Do you use e-filing or are you going to buy paper to store information and use e-mailing and so forth? Where is the work- administration and production going to be done-in an office or will staff or some of them work from home? Will staff wear uniform and safety apparel? Look at your insurance options and the kind of banking that will suit you.
In all the above you will have to make informed choices that will save you money even before you start production.
In your personal life the same above considerations go. You would not just marry anyone because you love them. Love is not life, it is an emotion. It has no material value in life. You will want to marry someone who will bring food on the table for you and the kids when you are incapacitated to do so. Love will not do so. So look at the things that will enhance your life style rather that bring you misery.
Make money before doing every other thing in life. Lock it away and be careful how you give a nickel away. Surround yourself with people who are capable to make more money for you, rather than having people who are going to deplete your coffers.
Buy wisely. A transport means is just that, a vehicle to get you from point this to point that. How it looks and how it behaves is not the issue. The looks, most of the time, take away too much money for the one ogling, but those who look at functionality have much money to play around with and arrives at the same destination as everybody else. A functional ward robe is sensible to a flashy one. Those of you who have seen South African Afrikaner farmers will know their take when it comes to dressing for the occasion. I am not saying become a white South Afr5ican farmer. But make money in the manner in which they do.
Luxuries like liquor drain your money away. Work at your discipline and learn to drink to enjoy and not to get drunk. When you are drunk you are useless and you don’t want to be useless. Know why you must drink that time. But please do take you staff once in a while to go and let their hair down, by all means.
If you are a man, don’t make babies every where. Discipline your desires and fasten your belt. Babies, and children and kids, are bloody expensive. They take more and give noting back. If you are a business woman, close ranks, dilute your desires too and tell your counter parts to fasten their belts tighter instead of wanting to tamper with your core assets.
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