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5 Best Money Tips That Every Dad Should Teach His Children

These tips are unusual, but they are based on the principles of common sense that have proven themselves in life.

The five main lessons I have learned include:

Making money is easy.

You can always make more money, but you can’t make more time.

Be a booster, not a rain catcher.

Work smart, not hard.

Execution. Doing is everything.

Making money is easy

Have you ever heard of the term “money thinking”?

If you change your mind about how you think about money, it will be much easier to make money.

If you think wealth is impossible, it will be impossible for you to have it.

If you believe that wealth is possible, you are more likely to achieve it.

Your monetary mentality defines how you think about money and affects how you save, spend and manage your debt.

This is your basic belief in money and your attitude towards it.

These ideologies can come from your environment, influences from family, friends and other places as you move through life.

Change your financial outlook and adopt a positive monetary mentality through financial affirmations such as “it’s easy to make money”.

The way you communicate with yourself plays a big role in dealing with your finances.

That’s what affirmations about money are about: they help you visualize your results and keep you focused on your goals.

As you keep reminding yourself of what you can do and reinforce the positive, you will gradually begin to reject the negative and eventually get closer to your goal.

You can always make more money, but you can’t make more time

Money is the most powerful tool in the world because it allows us to do what we want.

It is said that money can buy happiness, but also sadness.

My father taught me that money is not everything and that material things will not make you happy. It is important to know what makes you happy, and then create a life around these things.

Your value is greater than what you did. Your value is in the time you have and in the time you have on the things that matter.

And if we want to be happy, we have to enjoy our lives while we’re here.

You have to make money. So if you can’t follow your passion now, ask yourself why.

And by following your passions, I mean striving for everything that makes you happy now or striving for the freedom you need to enjoy your passions once you are financially free.

Not all passions pay money, and love should not be about money. It should be about being happy and enjoying time on this planet.

Be a rainmaker, not a rain catcher

There are two types of people – rain catchers and rainmakers.

One waits for the money to come, and the other chases it and makes it rain.

The Rainmakers know they have to learn to put them first. You become a rainmaker by starting your own business or by investing in property and passive income.

Passive income is important because it creates stability, security and freedom in your financial life.

In addition, because passive income is not limited to your time and effort, it can be positive and affect your ability to earn wealth.

Work smart, not hard

Work smart, not hard. At first, it may seem the other way around, but the reality is that hard work on something is not enough to get you somewhere. You also have to work smart.

Don’t work for money; let the money work for you.

You do this by taking control of your finances and then using that control to continually improve your financial stability and security.

This idea is extremely strong for me. At school, we think so hard that we have to work hard to get paid, that we think only the rich can rest and make money.

If you want to be successful, stop thinking about what others are doing and start thinking about what you are doing.

Stop caring about what others have and start caring about what they don’t have. Stop worrying about what others have done; worry about what they haven’t done.

If you want to get rich, stop looking for a job and find a business that can provide you with a passive income.

Execute! Execute!! Execute!!!

Execution is not easy. It requires effort, concentration and determination.

All the wisdom of the world is worthless if you do not act on them. But if you are ready to work, you can build a business that will work for you and give you a passive income stream for life.

Execution is about action. It’s about doing what needs to be done, even if you don’t want to.

Successful entrepreneurs are well implemented because they know how to implement their plans. They finish things by doing them again and again until they start working perfectly.

If you want to achieve something great, realize your goals every day until they become a habit.

If you do this consistently enough, these activities will eventually become second nature and will no longer require as much effort as before.

I would suggest working with a financial advisor to help you look at life from a different perspective.

They can provide expertise, ask questions and lead you to financial decisions that are right for you in your unique situation.

Ultimately, the choice is yours. But having a trusted advisor on your side can sometimes reassure you that you need to take the next step.

Chrisley Botha is a certified financial advisor

What do you think?

Written by nyggx

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