By no fault of our own really, the average income-earning adult could do a lot better by way of how they manage their basic finances. I say by no fault of our own because we’re conditioned to be consumers who are only marginally good with the manner in which we handle our finances, from the very day we start having any concept of what money is and what it does.
In the typical family structure, the children are conditioned to believe that whenever one needs something they want to buy, you need to go to dad and ask for money. When dad can’t spend as much time as you’d like him to spend with you, he justifies having to go to work so that next time you ask him for money he can give it to you.
We’re conditioned to accept that that’s just the way it is – that typically you have to go somewhere called “work” and exchange your time for a salary, but the conditioning doesn’t end there. From the moment you leave your workplace the conditioning stretches on, spilling over into your personal life, but the general approach is somewhat of a sinister one. Every bit of advertising you come into contact with and about 99.9% of the social interactions you engage in – all of that is designed to encourage you to spend the money you work so hard to earn.
This is where one needs to look in your quest to get to a point where you’ve mastered the art of measuring value and seeing it for what it truly is. If it means you’re going to spend the next few months of your life second-guessing just about every decision you make, let alone every decision which involves the movement of money, then so be it! The means justify the ends and for a good while afterwards you might exist in a state of anger, with this anger directed at yourself as you realize just how reckless you’ve been with your time and money.
When you buy something on credit for example, using your credit card, does the final amount of money you go on to pay for whatever it is you bought justify its price in the name of wanting or needing it right now? Could you not perhaps stock up on some supplies you could rather sell for a profit on the credit you have available to you, via your credit card?
Put a price on everything in your life, as much as this may induce a bit of a feeling of being overly focused on material things. It’s a necessary exercise to get you to a stage where measuring the true underlying value of your decisions will be second nature to you. This is how wealth is built up from a few sources you might not have even known exist, because as someone who is able to measure true value you can turn habitual actions into money-makers as opposed to the money wasters they likely currently are.