• Latest
Money matters: Attitudes and influences

Money matters: Attitudes and influences

May 2, 2023
irdai

Irdai questions Care brass on esops issue

November 28, 2023
Sitharaman

India calls for concrete action on climate funding: Sitharaman

November 28, 2023
critical minerals

Centre to launch first auction of critical, strategic minerals

November 28, 2023
Foxconn

Foxconn plans expansion in India with $1.6 billion outlay

November 28, 2023
Uttarakhand rescuers

Medical facility expanded inside tunnel, Chinook helicopter to airlift workers

November 28, 2023
dev aanad

Celebrating 100 Years of Dev Anand: A Nationalist and Revolutionist Legacy Beyond Entertainment

November 28, 2023
OIP (6)

A Season of Gratitude and Giving and the Essence of Humanity

November 28, 2023
Maruti Suzuki

Manufacturers to increase prices of cars from January

November 28, 2023
medicine norms

Indian drug manufacturers benefit from big pharma interest beyond China

November 28, 2023
importing

Engineering exports to US, Saudi surge

November 28, 2023
trai

TRAI won’t cancel Apple phone registration over DND app row

November 28, 2023
s&p-global

S&P elevates India’s FY24 growth forecast to 6.4 per cent

November 28, 2023
  • Login
  • Register
Blitzindiamedia
Contact
e-paper
  • Economy
  • India
  • International
  • News
  • Legal
  • The blitz special
  • Opinion
  • Social
  • G20 podium
  • Education
  • Maharashtra
  • Videos
  • Hindi Edition
  • UK Edition
No Result
View All Result
  • Economy
  • India
  • International
  • News
  • Legal
  • The blitz special
  • Opinion
  • Social
  • G20 podium
  • Education
  • Maharashtra
  • Videos
  • Hindi Edition
  • UK Edition
No Result
View All Result
World's first weekly chronicle of development news
No Result
View All Result

Money matters: Attitudes and influences

by Blitz India Media
May 2, 2023
in Business, Economy, India, News
0
Money matters: Attitudes and influences

We can alter our lives by altering our attitudes. The mind is a dutiful servant and will follow the instructions we give it. Mind and money share a close relationship. I can say that from personal experience. Whenever I’d make enough money, I’d go on to invest, pay off my debt and do whatever. It’d vanish. Thus, a realisation dawned on me that no matter how much money I made, it was never enough! I had to change my attitude towards money.

What does money mean to you? It’s helpful to understand that. I am sharing below a classification of people based upon their monetary attitudes. If these are taken to an extreme, these can sabotage a person’s wellbeing.

YOU MAY ALSO LIKE

Irdai questions Care brass on esops issue

India calls for concrete action on climate funding: Sitharaman

Spenders: You only live once philosophy. No kidding! Dead giveaways – new clothes, latest accessories, credit card vacations etc. Spenders live in the present, are forward thinking, fun to be around and often the envy of their friends. They like money for the things it can buy. Danger zone – can get into trouble when they spend everything they have, and more.

Builders: Money is a tool. They use it or sometimes even risk it to turn their plans and dreams into reality. Danger zone – because they are so intent on building, they miscalculate the risk involved or fail to leave a margin for error like the entrepreneur, who keeps expanding the business without creating a cushion in case of a failure.

Givers: Charities, relatives and friends love them! They feel wonderful taking care of others, denying themselves of things and sometimes even necessities so that they can leave something for the children or buy gifts for others that they would never buy for themselves. The danger lies in ignoring their own needs. By doing things at the expense of their financial independence, they risk ending up being a burden on their children in the long run.

Money Avoiders: You need to challenge your belief that money management is tedious and boring, or that you just cannot understand it. Start to educate yourself about money to build up confidence in your own ability and judgment.

We’re all influenced by money messages from childhood. Think about your attitudes towards budgeting, spending, planning, goals, saving and review your chilhood to see how you were influenced by events or attitudes of those you looked up to

Money Procrastinators: They think that they don’t have enough time to learn about money, or that it will be too complicated and unpleasant. They must regain their money power by concentrating on getting past such illusions. Money Dependents: They avoid money matters. They should seek assistance instead. However, they could surrender their financial well-being to others (partner, friend, financial advisor) without knowing enough to ensure they are in good hands. They should sharpen their financial knowledge to be more confident about their own expertise and judgment.

We’re all influenced by money messages from childhood. Think about your attitude towards budgeting, spending, planning, goals and savings. Revisit your childhood to see how you were influenced by events or attitudes of those you looked up to.

Some habits of ineffectiveness are rooted in your social conditioning towards quick fix and short-term thinking. However: It’s never too late to start financial planning.

The quick, easy, free and fun approach won’t work on your retirement fund, college education for your children or your family’s welfare and security. A little is better than nothing; saving money is a good habit.

If you don’t save anything from your current income, you won’t be able to save anything from your future income either.

Pay yourself first, take at least 10% off the top to save and invest. Clearing up debt is a short-term pain for a long-term gain.

The interest you pay is money that you cannot spend on yourself.

Let compound interest work for you and not against you.

If you do not want something in the first place, it is not a deal, no matter how cheap it is.

By taking care of yourself, you are helping others.

To overcome the pull of ‘Habittudes’, the powerful restraining forces of culture, custom and habit, count the costs, then rally the forces necessary to bring about the desired change.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Blitzindiamedia News Subscription

POPULAR NEWS

  • Rev Daaji with Sh Parshottam Rupala ji ,Member Rajya Sabha

    Following the guidance of the heart – the only way forward into future

    0 shares
    Share 0 Tweet 0
  • CALENDAR OF EVENTS 2023

    0 shares
    Share 0 Tweet 0
  • India creates history as Chandrayaan-3 lands on moon

    0 shares
    Share 0 Tweet 0
  • The star who wore the scarf of eternity

    0 shares
    Share 0 Tweet 0
  • India on the MOON

    0 shares
    Share 0 Tweet 0
World's first weekly chronicle of development news

© 2023 Blitz India Media -BlitzIndia Building A New Nation

Navigate Site

  • About us
  • Contact
  • Videos
  • Team
  • Privacy Policy

Follow Us

No Result
View All Result
  • Home
  • Economy
  • News
  • Nation builder
  • Rising India
  • G20 podium
  • Multilateral
  • Education
  • Globetrotting
  • New India
  • Social
  • Team
  • Download
  • Maharashtra
  • Videos
  • UK Edition
  • Hindi

© 2023 Blitz India Media -BlitzIndia Building A New Nation

Welcome Back!

Sign In with Google
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In