Take control of your mind

The road to financial freedom begins not in a bank or even in a financial planner's office but in your head. It begins with your thoughts. Where your mind focuses regularly will determine the direction of your life. Everyday, what you read, who you talk to, what you listen to will shape your thinking and behaviour. So don’t let your mind accept information passively. Take a proactive role. Take control of your mind!

Changing of mindset is a gradual process. Your mind needs to be ‘bombarded’ many times until you have a new BELIEF and then you will start taking action. By visiting this site regularly, I am sure you will start managing your money, practising the skill regularly until it becomes a HABIT. 

If you think you can, you can.

If you think you can't, you can't.

 Make$

Change your mindset from an employee mindset to a businessman mindset. Develop a habit of observing how other people run their businesses, how they market their products or services and why people are crazy over their products or services.

If you are still having an employee mindset, you will forever complain and grumble on the lack of opportunity. Because you have not developed a habit of constantly and consciously looking for opportunity, even when there is big opportunity being put right in front of you, you still will not see it!

Once you have developed the habit of constantly and consciously looking out for business opportunity, the world around you will start to change. You will start to see things more rationally, rather than emotionally. When you see people complaining on certain products or services, you will start to think “Could that problem be my opportunity?”

Spend$

If you cannot control your mind on spending, no one can help you in your money management plan. It is not just how much you make. How much you spend is equally important!

Do you really need the stuff, or you just feel good to have it? You need to control your mind to differentiate it.

There are only two reasons for a person to spend. One is for the rational needs and the other is for the emotional needs. For almost all circumstances, emotional need is always stronger than rational need. For example, when you purchase furniture for your new house, you definitely will not just buy any chair, table or wardrobe, although they all serve the same functions. You will tend to buy those that will attract you emotionally. You will buy those with colours or styles that you like or may be even a designer set, so that you can impress your friends or relatives when they visit your house.

So how much you can control your emotion will determine how much you can control your spending! Feel too painful to change? Here is one quick tip: See yourself as a smart spender!

However, we also need to spend money to make us feel happy. We like to enjoy good food and atmosphere in a restaurant. We like to wear beautiful clothes. So how do we strike a balance? The answer is: have a monthly spending limit.

Spend consciously within a monthly spending limit. Spend smartly.

Save$

Saving money voice down to the magic word ‘discipline’. No one can help you to save except yourself. Remember only you can help yourself! Find yourself a compelling reason to save. Under ‘Save$’, we will give you all the reasons to save, but only you yourself will know what motivates you enough to save. To save you have to give up something. But before you know what is it that you can save on, you need to do the following.

Find a compelling reason that will motivate you very much to save. “What if I am looked down upon by others as poor?” Or your gripping reason could simply be “I do not want to be a poor and miserable in my golden years!” Whatever that could push you to take action today, spell it out loud and clear.

Here is my motivation to save: The more I save, the more I can use to invest and the faster I can build up my wealth. Hence, the lesser worry of ‘old and broke’.

Grow$

When you talk about investment to people around you, what do most of them relate investment to? I bet that at least one of these is in their minds:

- can get rich quick
- only for extra pocket money
- risky subject
- confuse
- only professionals know it well
- like gambling

As a result, many of them relate investing to something that is not important to know. Hence it is optional. In fact, investing is a must for everyone!

You should think that investing now is for the future survival needs, especially for those years after you stop working and before you die. Unless your saving is sufficient to last for that 20 or 30 years, otherwise investing is a must! Can you imagine you are old and broke?!