WEALTH MANAGEMENT

So you want a shot at being in management?  Maybe you think that you can do a better job than your boss.  You see them for their faults, and see yourself for your strengths.  Well, I can’t tell you how to get promoted, but maybe I can help you with your humility and show you ways to save money and manage your wealth.

Many people struggle with wealth management.  They just can’t seem to figure out how to save and grow their money.  Why is so much easier to spend money than save it?  Most people are lazy.  They take the easiest path that life offers them.  So, why don’t they just put their money in savings and leave it there?  It actually takes effort to spend money.  Still, lazy people spend it until it’s all gone.      

Wealth management takes good managing skills.  A good manager knows how to keep tabs on the people they’re in charge of.  You are in charge of your money.  Sure, you make agreements that decide how some of your money is going to get spent.  You get a mortgage, you sign a lease, or you get a car loan.  All of these things will take your money away, but you decided to get them.  You are still the manager of your money.  Just because you signed a sheet of paper doesn’t mean you’re somebody else’s slave.  You are always the manager of your money.

Step one to good wealth management is realizing that you are in charge of your money.  The next step is making good choices.  You lose money every time you spend it.  That sounds pretty simple, but so many people seem to not realize it.  When you buy something, your money is gone.  Depending on what you bought, you may never see that money again.  If you bought something that is immediately not worth anything after you buy, then you have probably wasted your money.  To be a good wealth manager, you need to figure out how to spend your money right.

There are some things that you can buy that will actually help your money grow.  Some things are wise investments.  Going out to eat everyday is not a wise investment.  That is a waste of money. So, put yourself in charge of your money.  Up until now you have always made the decisions for how to spend your money.  If you don’t pay attention to what you are doing with your money then you will probably waste your money.

Think of someone you admire.  Why do you admire them?  They probably did something great.  They probably took charge of some situation.  People should admire how you spend your money.  You should take charge of your financial situation.  Wealth management should be your priority.

Maybe you won’t be the manager of your company anytime soon.  Until then, you can learn how to manage the money you have.  Then, when you accumulate more money, you will already know how to manage it.  One day you are going to retire.  At that time you will hope that you have been good at wealth management.