7 reflections of bank loan
The more I read about Bank loan, the more I adore him. I have no problem admitting that his book “Becoming indispensable” has completely changed my perception of the world of work and has given me a lot of optimism about my abilities! It really helped me to be where I am. In one of his recent notes, he tackles the relationship with money.
Here are his best thoughts
If you borrow money, in order to do it
You are doing something special. On the contrary, if you go into debt to pay your bills or buy things you probably do not need, then you do something really stupid. This stupid but satisfying short-term decision can ultimately turn your existence into something worse.
On the other hand, eliminating your debts as quickly as possible will be one of the smartest decisions of your life
To be clear, ask a friend or rich colleague what he thinks of the debts. It is not for nothing that credit card companies fall into the category of the most profitable companies in the world.
There is no difference (in terms of money you have) between “spending money” and “not winning”
There is also no difference between “not spending” and “getting an increase”. Taxes make you worth more when you’re not spending money. For example, your cell phone, internet connection, and cable subscription may cost you a total of $ 3,000 a year. This corresponds to $ 5000 before tax.
If for your money is an emotional problem
There is no good construction contractor who has an emotional problem with hammers. Put your emotions in the right places. And focus on the fact that money is a TOOL among many others.
Like any field of skill, money has its own vocabulary
It will take you very little time to understand the meaning of “the cost of opportunities, investment, debt, leverage, basis points, cost… But you will pay very well for the time spent on this learning.
Do not confuse money and security
There are many ways to make your life safer. It starts with the stories you tell, the people around you, and the lifestyle you adopt. Money is one of the elements that secure you, but money alone does not succeed.
On a large scale, more money does not make people happier
Learn how to think and react with money
In the long run, doing meaningful and important work leads to more happiness than simply lucrative work.