If money really matters to you, then earn more.
If, on the other hand, you do not have the basic skills, and you
do not want to learn and acquire them, and yet you always crave money and
wealth, then your cravings are only your money
fantasies.
What are money
fantasies?
Only your money wisdom
can separate your money fantasies from the money realities.
There was the story of a beautiful and sophisticated woman in her
mid-twenties who wrote to an investment counseling company looking for a list
of eligible bachelors with earnings of at least $600,000 a year. That woman had
money fantasies in her mind.
According to experts, using marriage
as an investment is a money fantasy, and no more than a bad investment bargain—just like investing into a shrinking
currency. Imagine, the beauty of that woman will shrink over the years, while
the $600,000 may grow over the long haul.
So, marrying into money, buying the lottery, and winning at the
casino are all money fantasies.
What are money miseries?
Money miseries are also the realities for many, who always feel
dissatisfied, frustrated, insecure, and insolvent. This mental condition
suffered by many is often a result of constant exposure to media news of the
rich and the famous, as well as their own perceptions of “possessions equal
satisfaction.” It is your own mental interpretation of what you see verses who
you really are.
You have money miseries if you have a job with a modest income but
still living from paycheck to paycheck. If you are struggling with money miseries,
you need your money wisdom to change
your belief system, to stop comparing yourself with others around you, as well
as to identify all the whys of your
emotional feelings about and around your money miseries.
Why so many are broke?
According to The Wall Street
Journal, many consumers (nearly 70 percent) are living from paycheck to
paycheck. More than 50 percent consumers worry a lot about money, such as
retirement. Once they lose their jobs or encounter any financial crisis, they
become broke.
Even wealthy celebrities, such as Mike Tyson and Michael
Jackson, go broke.
Mike Tyson, a boxing champion with several heavyweight titles,
earning over $300 million dollars during his successful boxing career, ended up
in bankruptcy in 2003.
Michael Jackson, recording artist, dancer, singer and songwriter,
earning more than $500 million dollars, was heavily in debt when he died in
2009.
Of course, you might say: “If I had those millions of dollars, I
wouldn’t become broke?” But if you cannot change your current spending habits,
it would be a lot more difficult to change them when you have become a wealthy
celebrity, such as Mike Tyson or Michael Jackson.
So, going broke is no respecter of persons, whether you are poor
or rich.
The bottom line: Everyone needs to have the money wisdom to know how to earn, invest, and spend money to
avoid going broke.
NORA WISE
Copyright
© Nora Wise
