Friday, August 30, 2019

No Point


There is no point in hating money. If money isn’t important to you, the best thing to do is to pay only the necessary attention to it, and no more. That doesn’t mean ignoring it. That doesn’t mean pretending it doesn’t exist. Like toxic anger, contempt, vengeance, regret, or shame… money can control you if you don’t control it. There is no universal rule that we have to work for money. Capital can work for money so that we can Labour for love. But Capital has to be built. That requires time and reinvestment. The first step is getting an income. The second is controlling your spending. That doesn’t require all-consuming attention, but it does require conscious choices. The important part is the gap between income and spending in the right direction. Spending more than is coming in builds debt. Spending less than is coming in builds potential. A gap between hand and mouth can build a Buffer that means monthly expenses and surprises aren’t making your decisions for you. Gradually that can grow into an Engine. An Engine is Capital that acts as a breadwinner. So that money works for you, rather than you working for money.

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