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THE GOLDEN RULE: How is your relationship with your money?

SHARE   |   Tuesday, 19 May 2015   |   By Nelson Letshwene


Bob Proctor, author of You Were Born Rich, asks a pertinent question: what is the point of working for forty years to the age of sixty-five and still end up with no money? His answer is that people often run their lives without goals. They comfort to the norm and spend their lives seeking to be accepted.
My answer, while in agreement with Proctor about goals, is that people have a dysfunctional relationship with money. Many people do have goals and they often achieve them, but these goals don’t include a healthy relationship with money. Professors are people who have set goals to acquire as much education as possible. But professors can also be broke if they don’t include among their goals, a functional relationship with money.
Building a healthy relationship with money, in my opinion, starts with mastering the seven essential money skills. In my new book, The Money Field, which you can find on amazon.com as paperback as well as on kindle for digital readers, I spend time explaining the game of money in which everyone is involved. I start with you as a player on the field of play and go on to tell you about other players on who are also interested in your money. In most cases, we find that other players on the money field are more interested in your money than you are. It is very important to understand the game of money since you are involved in it. This game is a compulsory game that everyone who handles money has to be involved in.
The seven essential money skills are very important in being incorporated in a working relationship with money. People will work for forty years and end up broke because they are not seriously involved in building a working relationship with their money. Take the skill of saving, for example. Everyone knows about it but many are disconnected from it because they only see it as a burden. People have pension by default, only because their employer deducted their pay to contribute to pension. If they were given their entire money to make their own voluntary contribution, most people would not do it. We know this because most people who work on contracts or are self-employed do not get focused on contributing to their pension funds.
Most people’s relationship with money is focused on consumerism. They think money is something that is there to facilitate consumerism. They consume all they have, and if they run out of their own money, they borrow other people’s money to facilitate more consumerism. They then spend the rest of their lives paying off other people’s money. When they wake up, they are face to face with retirement and they have not done anything for themselves.
Making a decision to build a healthy relationship with your money is imperative in improving your life, especially your future life. Among all your goals, you should include improving this relationship. Too many people have too many negative things to say about money, and that is why they have a dysfunctional relationship with money. They call money evil, problematic, filthy, and all other negative terms. Imagine what kind of a relationship you would have with your spouse or partner if you called them these names. Would they stay? Of course they would leave. And that is why money leaves those who heap insults on it.
It is time to consider how your relationship with money has been and how you can improve it. If and when it improves, you will be eager to learn about investments, about financial protection and prosperity. You will be eager to learn about financial controls and building value.
To your success! By the way, if you would like to have Bob Proctor’s book, You Were Born Rich, just send me an e-mail at This email address is being protected from spambots. You need JavaScript enabled to view it., and I will send it to you. Follow our blog at www.thegoldenruleblog.wordpress.com or follow me on twitter @101silverline



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