The 3 Basic Money Skills You Need To Know

Today's questions from Ricky in Washington said David just can't get through my second car tired of being on a first name basis with the triple A tow truck driver. I'm out of debt. I have my emergency fund saved and I have the

money

to get a slightly nicer car having a hard time parting with it because you work so hard to save it. Can you talk a little about the struggle people have with spending

money

even when they have it to spend? Yes, it is very difficult to finally get it. some in savings it's hard to release, especially if you're wired as a saver now I'm wired as a spender my wife is wired as a saver we usually fall into one of two categories I think you're wired as a saver she gets great comfort from having that a lot of money, more than you would get a lot of comfort from having a reliable car.

I prefer to have a reliable car beyond the emergency fund. You are with them. You

know

this is an emotional thing right now. It's not a financial issue, it's that I have the money but I'm having trouble releasing it, so what it says is that you're just getting something, you

know

it's a normal thing and it's not a bad thing, but it's just saying that I'm getting the Security Law. of that extra money beyond my emergency fund and I'll tell you this: I think it's something we all

need

to work on one of our money

skills

.

There are actually three

basic

monetary

skills

that can be spent properly. Learning reasonably to enjoy money is included in learning to spend. enjoy life with your money, which is kind of like your questions about saving the second and learning how to save money for emergencies for college for retirement changing your family tree to build wealth and learning how to invest, learning how to ride the waves of investment like us I have been right in the stock market in the last two weeks and I give you the power of generosity to change you completely when you learn to give, as the natural rhythm of your life changes everything, so by saving and spend, everyone has at least one of those. what they struggle with - saving I am a spender it is not a problem for me enjoying money it is not a problem for me either giving money to many spenders is easy for them and being generous because the release of money does not bother us as much as it is safer and yes and so on, but I am weak at saving and that is why God makes me teach this every day.

I am no longer weak at saving, but it was not my natural defect. I had to intellectually decide to have an act of my will to save and invest and really what drove me to do that as a spending giver is that I would have more to spend and give if I accumulated more wealth. I can spend more and get more and that is my only reason to save. It's not because I love saving money I still don't there is one day it's not that so you're on the other side of this Ricci that's what we're saying you know you don't like spending we don't know about giving I didn't mention that in your thing , sometimes I can get spenders or savers like this to free up their money first by increasing their giving and then that gives them permission to also enjoy the money themselves, but it would be a shame to save and work and not enjoy some of your money and a one of the things you should enjoy is a reliable vehicle and you don't have a reliable vehicle, you've been drinking, you know you've been doing hits and then you know you

need

to go buy the car, you already knew you weren't asking about that, but you already you knew, but maybe you also take some of that money and give it away, find a place to be generous in your church or find a partner who is struggling or being a single mother, then you like Bill for a year or whatever, but find something to do because there is something about giving those kinds of things that gives you permission within your spirit to also enjoy money like money is fun.

If you have something, you should enjoy it. You don't enjoy some good things now if that's all you do and you don't save, you know how to give, then you're just a superficial tor, right?, but you know to assume that just because someone has the ability to join in and enjoy money means that They're greedy or shallow, that's just not true and the way you can tell is what percentage of their financial situation is going to their stuff and if all the money you make is going to buy you crap then you're out. balance, you know, but if you're giving a percentage of your income and you're investing a good percentage of your income and you're enjoying part of your income on lifestyle purchases, travel, cars, clothes, whatever, then that it's in balance once you're at the third step and beyond and the end and that's where Ricky is, but it's a really good question, Ricky, it's a good question for me to stop and just rant or vent for a second here. , teaches. for a second because sometimes people think, well, no one should have a car like that, why would anyone need a house like that?

For now, I have a friend who is worth about three billion dollars, now a billion is a billion. three billion he has three billion he spent six million on his house and people sent him hate mail no I said that's what his house as a percentage of his net worth and his income is like you're going through the drive thru at Chick- fil-a and buying a cookie didn't affect his life. One that I have. He would have spent six million dollars on a house. In fact, it's a very conservative house for someone who has three billion dollars.