Money is a scary thing to talk about, learn about and do anything new with. There’s no doubt some of us suffer from financial anxiety, it’s a classic problem. We are not taught what to do with our money, we only learn through experience. The majority of most of our experiences with money is spending it, and old habits die hard. Spending is okay, as long as the thing you spend your hard earned cash on is worthwhile.
Being brave with your money is all about making the right choices. It’s about investing your money, helping yourself out for the future instead of spending all your money on meaningless consumables or luxuries that you don’t need. It’s about being willing to learn instead of procrastinating, willing to put your money on the line to make more of it. Risk puts many of us off, and being brave is all about taking a risk. So let me tell you about risk:
Risk with regards to money can be controlled. Many people forget this and assume that investing is always going to be risky, or it’s for other people to do. You can start investing, with a small amount of education, earning 5% compared to 0.5% with very low risk. Simply starting to read up on the best investing funds, current business affairs and doing a bit of research goes a long way, and can start your journey to being brave with money.
Many of us assume we are not clever enough, not deserving enough or don’t have enough time to learn how to use our money to its best ability. Your money has the ability to multiply itself with just a tiny bit of coaxing from ourselves. However, we give all of these excuses. The first of the excuses is wrong, if you can read and ask questions, you’re clever enough. The second excuse is something you have to learn to get over. If you earn money, then you are deserving to more. You are deserving of the extra money your money could make you, obviously. I’m not endorsing theft. The third may seem the most logical and the most reasonable. In this respect, I follow the school of thought of many of the most successful people in the world. There are 24 hours in a day. The most successful are working for 16-18 hours of that day. Elon Musk worked for 23 hours a day in some of his pre-Paypal days. You have enough time.
I’m not saying you need to work 16-18 hours a day. Of course I’m not, I’d be a hypocrite if I did. But if you truly want to start making more money, and most importantly start being brave with your money, put an hour aside every so often, whether it’s on a commute or in the evening before bed. This is enough time to have a read, learn what you want to invest in, learn the way investing works, open an account even, and if you do this every so often and take it one step at a time, you’ll get braver and braver with your money. You’ll build up your confidence the more you learn.
Learn and you will become confident. Confidence leads to bravery. Be brave with your money, you’ll thank me.