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#026 The 3 Ways To Control Money: Do You Know Them?
There are only 3 things you can really do with money. Are you aware of what they are?
***To get better control of your money and your life, create a Lifestyle Strategy using the FREE template on my website at www.everything.money
Don’t overthink this, they’re pretty easy. But if you can’t name all three immediately, it shows that you don’t keep this top of mind and that’s a problem. I’ll give you the first and most obvious one.
1) Spend Money.
I chose this first since this is usually the first thing we think of when we get a payday. We spend money on bills. That new pair of jeans we needed. Toys for the kids. That vacation we need so badly after being locked inside the past year.
Spending money is how we are conditioned by corporations who spend billions of dollars a year on advertising in order to get our money. In entertainment, we glorify people who talk about spending a lot of money on fancy cars and caviar. It’s part of our culture and plenty of other cultures around the world.
So unless you had a very strong familial influence to point you to the contrary or some other experience or strange personality trait, this is probably your first thought when you get $1000.
Money comes in. Money goes out. The cycle is simple and forever repeating until the day you die. Yippee.
Okay, let’s get to the second way to control money.
2) Save Money.
So this was probably your second guess. Probably because it’s usually your second thought. I’m revealing these in terms of order we think of them, if we think about them purposefully at all.
Maybe you took an online course or had a financial advisor tell you saving money is a good thing. Then, even more rare, you actually listened and took action!
Did you know that pre-COVID, 2/3 Americans could not pay cash for a $500 emergency! We are one of the richest countries in the world. Trust me, it’s not because we can’t afford it. It’s because we don’t prioritize it.
It’s like I tell a lot of people…if you don’t control your money then someone else will do it for you.
Saving up 6-12 months of expenses is the foundation to your financial stability. Think about COVID. If you were able to keep your job that’s amazing but many lost their jobs or couldn’t go to work because they were shut down.
How would your life be different if you had 6 months of your monthly expenses saved up?
Saving money isn’t about saving money. It’s about security. It’s about peace of mind. It’s about knowing that your family is cared for. It’s about less stress. It’s about living to the fullest
Now, to the third and final one.
3) Invest Money.
If the majority of people took the first two a little more seriously, hundreds of thousands of lives would be changed for the better. But if all those people started taking the first two AND this one more seriously, then the WORLD would be changed.
You will never retire if you don’t invest money. Simple as that. Investing money is so important its biblical. Even Jesus told parables about money and investing.
But we aren’t taught it in schools at ANY level.
Love This? Leave a Review
Help more pros find us and just take 10 seconds:
• Apple Podcasts: [https://shorturl.at/Jhlez]
• Spotify: [https://shorturl.at/8IeVM]
Connect with Stephen
Website: lifebuilder.co | LinkedIn: [linkedin.com/in/stephencourson] | YouTube: [youtube.com/@stephencourson]
About Lifebuilder
The Lifebuilder Podcast helps ambitious entrepreneurs and leaders gain clarity, eliminate distractions, and achieve their goals faster. Each episode gives practical strategies for personal growth, productivity, and building a meaningful life. If you want clear direction, better focus, and proven frameworks to win at life and work, this show gives you the tools to get unstuck and move forward.
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By Stephen CoursonThere are only 3 things you can really do with money. Are you aware of what they are?
***To get better control of your money and your life, create a Lifestyle Strategy using the FREE template on my website at www.everything.money
Don’t overthink this, they’re pretty easy. But if you can’t name all three immediately, it shows that you don’t keep this top of mind and that’s a problem. I’ll give you the first and most obvious one.
1) Spend Money.
I chose this first since this is usually the first thing we think of when we get a payday. We spend money on bills. That new pair of jeans we needed. Toys for the kids. That vacation we need so badly after being locked inside the past year.
Spending money is how we are conditioned by corporations who spend billions of dollars a year on advertising in order to get our money. In entertainment, we glorify people who talk about spending a lot of money on fancy cars and caviar. It’s part of our culture and plenty of other cultures around the world.
So unless you had a very strong familial influence to point you to the contrary or some other experience or strange personality trait, this is probably your first thought when you get $1000.
Money comes in. Money goes out. The cycle is simple and forever repeating until the day you die. Yippee.
Okay, let’s get to the second way to control money.
2) Save Money.
So this was probably your second guess. Probably because it’s usually your second thought. I’m revealing these in terms of order we think of them, if we think about them purposefully at all.
Maybe you took an online course or had a financial advisor tell you saving money is a good thing. Then, even more rare, you actually listened and took action!
Did you know that pre-COVID, 2/3 Americans could not pay cash for a $500 emergency! We are one of the richest countries in the world. Trust me, it’s not because we can’t afford it. It’s because we don’t prioritize it.
It’s like I tell a lot of people…if you don’t control your money then someone else will do it for you.
Saving up 6-12 months of expenses is the foundation to your financial stability. Think about COVID. If you were able to keep your job that’s amazing but many lost their jobs or couldn’t go to work because they were shut down.
How would your life be different if you had 6 months of your monthly expenses saved up?
Saving money isn’t about saving money. It’s about security. It’s about peace of mind. It’s about knowing that your family is cared for. It’s about less stress. It’s about living to the fullest
Now, to the third and final one.
3) Invest Money.
If the majority of people took the first two a little more seriously, hundreds of thousands of lives would be changed for the better. But if all those people started taking the first two AND this one more seriously, then the WORLD would be changed.
You will never retire if you don’t invest money. Simple as that. Investing money is so important its biblical. Even Jesus told parables about money and investing.
But we aren’t taught it in schools at ANY level.
Love This? Leave a Review
Help more pros find us and just take 10 seconds:
• Apple Podcasts: [https://shorturl.at/Jhlez]
• Spotify: [https://shorturl.at/8IeVM]
Connect with Stephen
Website: lifebuilder.co | LinkedIn: [linkedin.com/in/stephencourson] | YouTube: [youtube.com/@stephencourson]
About Lifebuilder
The Lifebuilder Podcast helps ambitious entrepreneurs and leaders gain clarity, eliminate distractions, and achieve their goals faster. Each episode gives practical strategies for personal growth, productivity, and building a meaningful life. If you want clear direction, better focus, and proven frameworks to win at life and work, this show gives you the tools to get unstuck and move forward.