What a nightmare! What is the problem with money? Maybe it’s just that we don't understand it. Why do so many people get depressed when they think about money?
At the same time, not having enough money causes suffering
for billions of people.
Perhaps, it is because we are instinctively afraid of things that we
do not know much about.
Almost everyone learns ways to make money and they think that this is enough to guarantee success and financial freedom. But look at the people who by the age of 50 earn five times more than they did at 25. Are they more successful? More protected? Can they work just for fun? Do they have enough money? Of course not.
They may have a better car, a larger home, better credit, more sophisticated food and more expensive clothes, but they have failed in changing the most important thing. Every day they still have to find a way to earn money. These people have missed out on freedom.
In order to work on becoming richer we need to make precise calculations. The rate of money generated in your life
is your income divided by the number of hours in your life. We call it your price per hour.
Your value may be increased only if you are developing your skills and creating new income sources. Give $1,000,000 to a poor person without any money management skills and in a year he will be even poorer than before. Give $1,000,000 to a manager who is earning $20,800 a year, has long-term debts, a mortgage on his house and a car that he bought for $30,000 on credit, and in a year he will be even poorer! Lacking skills for handling money is a path to nowhere.
Tomorrow, we'll continue the discussion that we began in the first lesson. Until then!
