Lessons about life and finances that can impact your business or everyday life. Here are 5 favorite passages adapted from “31 Lessons I've Learned About Money” by Ryan Holiday…
Photo by Morgan Housel on Unsplash
When asked, it was found that 6 out of 10 people said they wanted to be a billionaire. Meanwhile, 4 out of 10 other people say they don't like billionaires. However, interestingly 44% of the respondents said, "We have the tools" to become a billionaire.
In this review, veteran author Ryan Holiday explains what he's learned about money that will connect a successful lifestyle to a person. Of the 31 lessons she encountered, here are some of my favorite and applicable pieces.
1. You will never reach your financial goals.
Stop thinking about the number or nominal you want to achieve - the closer the number is, the more it will increase. Start thinking about the life you want to live, how you want to spend your time, and who you want to spend that time with, and what impact this will have. Especially the people you care about. So, try to keep working to achieve positive goals.
Photo by Kelly Sikkema on Unsplash
2. Low-Hanging Fruit
The definition of Low Hanging Fruit is a phrase used to reach for things that are easy to carry out. Like the fruit that hangs at the bottom of the tree, so you can pick it by hand without having to climb. So, set your plan to be more realistic and keep going to get the benefit of it to reach your goal. Step by Step!
3. A reliable investment.
Don't forget to invest. However, try to study and see which investments can be beneficial and provide added value that impacts your finances. You will probably retire. And, when that happens, your water faucet will stop. However, when you have a reliable investment, when you retire, there will be a water faucet that can flow to fulfill your life.
Photo by Mathieu Stern on Unsplash
4. If you have a problem that money can solve, you don't have a problem
Relieving stress is often a simple matter of perspective. If you have the money to solve problems, then you won't have any problems. However, it's important to remember that money will never be the benchmark for your happiness.
If your car breaks down and you have the money to fix it, your car breakdown may be painful, but it won't find the problem and can fix it with the money you have.
The same goes for business. If your sales are down this month but you have solid reserves to draw on, the problem will go from worrying to finding new ways to increase sales to make more profit because your reserves have already been used up. Money may be able to do many things for you, but the most important thing is this: Make Choices.
Photo by lucas Favre on Unsplash
5. If it makes you a worse person, that's not success.
When you are planning a business or starting a new career, try to take time to think about and make sense of what success means to you. If your goal is to get rich, perhaps the level of effort and commitment can make you feel unhappy or dissatisfied. Make sure that what you really want reflects what you design and deliver in your business and life.
Those are 5 favorite excerpts from “31 Lessons I've Learned About Money”. What you do in life is a choice that will have both good and bad effects. So, don't overthink about money, because everything will go hand in hand as long as you do it carefully, confidently, and useful for the environment around you.