If we all had the money making skills, talent, perseverance the mindset and the ambition and everything else it takes to be rich we could all be rich, what a wonderful dream that is and yet we have not all chosen that path and that is where many people have a feeling of scarcity of money in their life. Besides money, remember health is more important, this is how to correctly choosing the right exercise equipment, click here for FREE e-book.
Proper financial management reduces wasteful spending, but it also increases financial organization. Eliminating overdrafts and late fees, frees up household funds for the occasional splurge. Good budgeting can’t be successful if everyone involved always feels deprived.
Once you have more money than you need to keep body and soul together (or whatever your life style is), you have investment capital. Then you must use some spare time to manage that investment capital for maximum Return On Investment (ROI) during the rest of your earning life, constantly (or periodically) adjusting the balance between the time you spend earning money, and the time you spend managing the money you continue to invest.
Now, your risk of losing everything can never be completely 100% eliminated, even with conservative strategies. If you flip enough coins, eventually you’ll get a very rare event such as 100 heads in a row. However, you’ll also get 100 tails in a row. The idea is that you have a strategy that yields you more when you win, and/or wins more than it loses. in this case there will be several losses in a row, but there will also be several wins in a row. If you manage your money properly, you will still have enough money if you get several losses in a row, to be able to more than make up for it when you get several wins in a row. If you are forced to limit the amount of capital after so many losses, that you cannot invest with the same amount after the losses, you may be unable to win enough to make up for those losses. The idea is to keep your investments small enough to limit the chances of that happening. Although almost nothing is a sure thing, by using proper money management, you tip the odds in your favor.
When you take out a consolidation loan you can make financial management far easier, and this can make a big difference in many ways. You can reduce the amount that you are paying out each month by replacing a range of higher interest debts with one low interest loan, and you will find that budgeting is less stressful and less time consuming, as you will only have one loan and one creditor to deal with. You use your personal finance consolidation loan to pay off your smaller, more expensive debts, thus streamlining your finances.
Conclusion: Scarcity of money starts in the mind and manifest in your reality because of the thinking you were introduce to and you can recreate a new pattern of thinking now.