MONEY Master the Game

We all have money in our lives, what matters is that you master money and it doesn’t master you.

The secret to wealth is simple: find a way to do more for others than anyone else does. Do more. Give more. Serve more. And you will have the opportunity to earn more.

You have to be able not only to hold to the portion you earn for your family, but more importantly to multiply what you earn. You have to make the shift from being a consumer in the economy to becoming an investor.

The ultimate mastery is physical mastery, that is to say, when you can act without thinking about what you do, because you got the skill through consistent repetition.

The most important financial decision of your life is: what portion of your paycheck can you leave untouched, no matter what else is going on in your life, before you spend anything on your day-to-day living expenses?

The best way to save is when you don’t see the money coming in. Once you do this, you will be surprised how many ways you find to adjust your spending.

There is a simple, but very important requirement you have to keep in place: emergency fund. What if there’s an unexpected interruption in your income flow?

There are no limits to the energy and flexibility you’ll have in pursuit of what you want. So if you are willing to do anything, you still have to execute your plan carefully, and keep adapting your approach.

By consistently taking massive and effective action, adapting your approach whenever it doesn’t work, and trying something new, you will move towards your dream.

Life is not a competition. It doesn’t matter where you stand in relation to your friends or colleagues or family. What matters is how you finish.

Decide which is more important to you: to enjoy these recurring items or activities, or to be absolutely financially free. Remember that life is a balance; you don’t have to cut out everything from your list to move the needle on that feeling of freedom.

Write down at least three expenditures you are resolved to eliminate. Calculate how much money this will save you over the course of the next year.

Asset allocation is the one thing that every investment professional has said is the key factor in where you end up financially. It’s the most important skill, and it is the one most investors know little about.

Harry Markowitz, the Nobel Prize-winning father of modern portfolio theory, said that diversification decreases your risk when you invest your money, increases your upside returns over time, and doesn’t cost you anything.

Diversification means dividing up your money among different classes, or types, of investments (such as stocks, bonds, commodities, or real estate) in specific proportions that you decide in advance, according to your goals or needs, risk tolerance, and stage of life.

You may be rich in assets and feel poor because you have no cash or liquidity. Anyone might have an unexpected emergency such as medical bill, legal cost, or home or car repair. So you need some cash to make sure that doesn’t happen to you.

If you own a home and you rent out all or part of it, it can be a safe way to earn some income. But if it is your primary residence, it shouldn’t be seen as an investment to leverage.

The secret to economic success is to understand how to be more valuable in the marketplace. So you have to learn to work harder on yourself than you do on your job.

The key to creating wealth is to unleash your creativity, and one of the best ways to do this is by giving to others. Find a way to do more for others than anyone else is doing.

If you find a way to add value for others, you can find a way to prosper personally.

True wealth cannot be measured only by the size of your bank account or the number of assets you have acquired or grown. The key to a rich life is to enjoy it and share it!

Hundreds of billions of dollars are spent on advertising, trying to get this precious focus of yours. Why? Because where focus goes, energy flows.

Perhaps we should acknowledge that there’s so much to be grateful for in our lives that has nothing to do with money: our health, our friends, our minds, our opportunities.

If you focus on what you can’t control, there is no question you are going to have more stress in your life. You can influence many aspects of your life, but you cannot control everything.

In fact, self-esteem can be measured by how much we feel we control the events in our life versus feeling that life’s events are controlling us.

Ultimately, how we feel about our lives has nothing to do with the events of our lives, or with our financial condition. The quality of life depends on the meanings we give to things.

A change in focus and a change in meaning can literally change your biochemistry in a matter of minutes. Choose consciously and wisely the empowering meaning in anything.

A change in focus and a change in meaning can literally change your biochemistry in a matter of minutes. Choose consciously and wisely the empowering meaning in anything.

If you ask better questions, you will receive better answers! This is the common denominator of the highly successful people.

The human mind is an amazing survival mechanism. It tends to look for what’s wrong, what to avoid, and what to look out for.

You may have evolved, but your brain is still a 2-million-year-old structure, and if you want to be fulfilled and happy, which is not its priority, you have to take control of it.

Giving makes both the giver and the given happier and healthier. It frees you from this thing called money. Life isn’t just about me, it’s about we.

There are extraordinary positive consequences for those who give when it is not easy. It primes our brain; it trains and conditions us to know that there is more than enough. And when our brain believes it, we experience it.