4 lessons about money that when you learn it to live a life without hard work

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4 lessons about money that when you learn it to live a life without hard work

1. Don’t underestimate the role of opportunity. 4 lessons about money that when you learn it to live a life without hard work. It’s easy to assume that wealth or poverty is up to you, but don’t underestimate the role chance plays in life.

The family, our values, the country. The generations into which we are born and the people we meet. All play a part in the results we achieve more than most people like to admit.

We must believe in the results of hard work. But also understand that not all success is the result of hard work and failure, poverty is due to laziness. Keep this in mind when you comment on someone, including yourself.

2. The greatest value that money brings is the ability to control time

You can do what you want with anyone, anytime, anywhere you want to bring happiness beyond compare. The thrill of having your child’s favorite things quickly fades away. But a job with flexible hours and short travel times will never bore your child.

Having enough savings that will give your child time and options in an emergency is something that never goes out of style and many people dream of. Retirement whenever you want is the same. Self-control is a basic goal in everyone’s life. Every penny you save will be like owning a piece of the future where you are not controlled by anyone.

3. Don’t rely on your parents

No one can understand the value of money without experiencing deprivation. Although parents will do their best to support their children, they will not spoil them. Learning the truth that you can’t have everything you want is the only way to understand your needs and wants. This will teach your child how to budget, save, and value what he already has.

Knowing how to save without hurting yourself will be an essential life skill that will come in handy during the inevitable ups and downs in life.

4. Living below income

The ability to live below income is one of the most powerful financial leverages because it is easier to do than controlling your child’s income or investment returns.

The person who earns $30,000 per year but needs only $20,000 to be happy is richer than the person who earns $200,000 but needs 201,000 to be happy.

An investor who earns 5% profit but has low expenses is better than an investor who earns 7% a year but needs to spend the entire amount.

How much money you earn does not determine how much money you have and how much money you have does not determine how much money you need.

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