“Money Rules” – Live the Lifestyle You’ve Dreamed

By admin
29 Mar

The final step to “Money Rules” is actually the most important from my view. It encapsulates the idea of why you are managing your money to start with. The purpose you want to rule your money to provide the lifestyle you have always dreamed. One day at a time, one goal at a time we can have and live our dreams.

Lifestyle is a choice. For example, there’s the jet-setter who travels around the world buying expensive homes, and then there’s the person who doesn’t travel and lives a modest lifestyle. Think about this, if the modest guy wants to travel he may need to change a few things, but would he want to become a jet-setter? Or, if the jet-setter wants to slow down his travelling would he sell his expensive homes and move to the modest neighborhood? The answer to both questions is “no” because lifestyle is what makes you happy, and not what makes someone else happy. Each and every one of us has a different answer if asked what makes us happy. Therefore, we must manage our money in accordance to what we want, and not what someone else wants.

Money management is all about lifestyle. If you focus on the lifestyle you want, you will accumulate money much faster because you have a goal or destination. So, no matter how big or small your lifestyle goal may be, you must have one to live your dream. You must start with the goal (step one – what do you want?), or the whole process of managing your money becomes meaningless. Without the goal or the why, the how never really matters. If you want to take a cruise to Europe and it costs $15,000, how will you manage your money to accomplish the goal. The answer is as individual as the number on people on the planet. The key is defining the objective and then setting out to accomplish it.

To define the lifestyle you want think about what it is that makes you happy. Is it income for retirement, a new home, a new car, giving to charity or travelling? Whatever the mind can conceive and believe it can achieve. Steps One to Nine explain what you need to do to manage your money. Step Ten is the reward of your labor. You will be able to live the lifestyle you want with the money you have because you will be managing it in accordance with your goal. Don’t ever feel pressure from peers or relatives. This is your goal not theirs. Stay focused or they can destroy what you are out to accomplish.

For example, in recent years the cost of housing went through the roof as banks lent everyone money to buy, buy, buy! People saw their neighbors and families moving to nicer neighborhoods because they qualified for jumbo low interest loans, so they jumped on the band wagon and followed them. Sadly, they soon learned they moved too quickly. Their dreams of living a better life were crushed when the housing market fell apart. The lesson learned is to make financial decisions based on you and you alone. Do not be swayed by what others are doing. Think about the family who stayed in the old neighborhood managing their money through all of this. They could probably buy a home beyond their wildest dreams in today’s market! But, if it wasn’t their goal then it isn’t likely their goal now.

So, never give up. Whatever it is you want to do, you can do it if you take control and rule your money versus allowing your money to rule you. KISS (Keep it simple) and be happy living the lifestyle you choose to live!

If you would like to download the audio version of “Money Rules”, log onto the home page of SectorExchange.com today.

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A Note From Jim

Money management is  about passion. As with anything in life, we are successful at the things we  have the most passion. Why? We are willing to invest time, energy, and effort  to achieve the end result. If you have heard me speak publically, or talked  with me individually, you know I am passionate about money management. One of my  primary goals in life has been to make money by removing the obstacles that  keep investors from achieving financial goals. The lack of passion is an  obstacle. Without passion we may know money is important and know we should  learn more about managing it, but we lack the desire to do so. Thus,  we procrastinate, or in our spare time we attempt to learn more  about the process. In the end, we either delegate the responsibility to  someone else or we do nothing at all. I cannot give you the passion to manage  your money, but I can give you the alternatives needed to accomplish the goal  of managing your money.

When asked the  question, "Do you manage money?" the simple answer is “Yes”. Money  Strategies was founded over 25 years ago on the premise of developing  strategies for money management that achieves a predefined goal. Sounds great,  doesn't it? The reality is Money Strategies is a money management firm focused  on making money for its clients. We have built disciplined strategies focused  on that primary objective. Those strategies are outlined on our websites and  you are welcome to review them at your leisure. Our goal is to manage money,  not markets, and by doing so we focus on risk management, which is as a flowery  way of saying we don't like to lose money.

I spent more than  twenty years of my career attempting to teach individuals, business owners, and  corporations how to plan for the long term. We designed elaborate financial  plans and business plans only to watch them accumulate dust. What I came to  realize over time was making money is the only goal that really matters. If you  make enough money over a period of time you can accomplish all of your  goals. When it comes right down to it, that's  all that really matters.

The key to any successful business  relationship is finding a person or company that is passionate about delivering  a service or product that meets your specific needs or desires. At Money  Strategies we are passionate about managing money to make money by avoiding  unnecessary risk. If you are passionate about making money with your money, but  lack the expertise, time, or passion, we may be the firm you want to talk with.

I understand we are  not right for everyone, but I also know that in a sea of minutia we are a  breath of fresh air. Our goals as a company are simple.  Our strategies for delivering money management  is simple, and we have fun doing what we do every day because we are passionate  about money management. If we are a fit for you, we look forward to speaking  and working with you. If we are not a fit for your needs, we hope you have  learned and benefitted from the experience of our workshops or websites.

Dare to Dream

Jim Farrish  Founder -Money  Strategies, Inc.

"The difference between a successful person and others is  not a lack of strength, not a lack of knowledge, but rather a lack of  will."   Vince Lombardi.