Habits Improve Money Ratio

2024 Author: Steven Freeman | [email protected]. Last modified: 2023-12-17 08:15

As necessary as it is in everyday life, money is one of those taboo subjects in the lives of many couples or families. And the relationship with it is difficult for many who do not even know where to start taking care of their finances, to save and invest the fruit obtained by their work.

“One of my favorite books is Don Miguel Ruiz's book, The Four Agreements. My mom recommended it to me more than 15 years ago when I remember I had my first experience of injustice with my boss”, explains in this regard the financial guru Elaine King, one of the participants in Poderosas LIVE! 2020 from People en Español. "[Her] lessons are very basic, they are lessons that we must remember many times, especially in relation to our relationship with money."

Drawing on these teachings and "with the permission of the great Don Miguel to compare his principles with my world of finance," says the author, King offers us here four habits that will improve your relationship with the greenback by a hundred.

Be impeccable with your words. In Colombia, during a conference on family finances, the cameraman approached me to congratulate me on the content, but unfortunately he could not follow my advice because he had no extra money. "I live on my salary and it is not enough." It is true that more than half of the population lives only with what they produce, but there is much power of the word that one can visualize and concretize. Instead of saying "it can't reach me" from now on, say "it will reach me and I will be able to grow." Everything that comes out of your mind and mouth must be positive.

Don't take anything personally. Who hasn't happened that your friends invite you to eat and you ask for a salad and they ask for the lobster. This happened to me in New York of 20 years at a dinner that I thought was between 2 people and when I arrived we were 24 people and I had to pay 4 times more than what I consumed because the account was divided equally. When you are in a large group and you want to save to buy your car, a house or the education of your children, do not be afraid to notify the waiter or your friends before sitting down that yours is separate. Do not depend on the opinion of others.

Don't make assumptions. Patricio loved shopping at the market without a list, in the end he bought things that we didn't need, but he was upset if his wife Sara told him to make a list. In your family it was important to have others and culturally bad to be missing. In Sara's family it was important to plan and not throw food away. Both were acting on the basis of their own code which is correct in their world. What we do with money is a reflection of our family values, and what is right. Don't jump to conclusions, speaking financial behavior is transformed.

Always do the best you can. Last week a client called me to tell me how negative his life had been 8 years ago, how he had lost everything and that until now he has not been able to recover. Upon learning more about his financial life, the enthusiasm he had in front of his family and his present condition, I told him; "Before we continue planning, can we focus on the lesson and start planning for a better future?" Don Miguel says "don't give your inner judge the satisfaction of becoming a victim." Your negative financial experiences are lessons, and they need to be in the previous chapter.

Let's start planning your finances with a positive mind, focusing on the situation and not on the person, evaluating our financial behavior and transforming our lessons into tools that will lead us to realize our most desired dream. Mine is abundance for everyone.