Recently I’ve had questions come up around best ways to earn more money, or how to invest, whether I invest in bitcoin or property and other things like this, and what struck me, is that often we get so caught up in the “bright shiny exciting objects” that come our way, we overlook the simple stuff.
Money is not exciting. What money can buy CAN be exciting, especially if you’re ticking off that bucket list. Money itself is boring.
If you’re managing it well, it really is boring!
The only excitement I get is seeing my savings increase over time, or my debt being paid off bit by bit.
The reality of good money management is not to get caught up in the “get rich quick” type of projects. More money definitely does not solve everything in your life, although it can certainly help to get out of debt and to live comfortably and healthily.
What good money management boils down to is a decent, balanced budget, consistently putting away money for savings, and investing in funds that allow for diversification and long-term growth.
It’s like the message of eating healthy food and exercising more to lose weight. It’s boring, but over time it is the only thing that gives sustainable long term results (sorry).
So the message in this 10 minute take away is this – look after the pennies, and the pounds will take care of themselves. Keep it simple, don’t overcomplicate!
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