Money Management 101
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Struggling with your finances?
If so, chances are that you don't like finances or you don't like dealing with them. Why do I say that?
Because if you loved updating your finances, you'd be doing it every day.
It's also very likely that you don't have a system in place that is easy to update, takes only 5 minutes of your day (an hour in a month) and shows you EXACTLY what you own, what you owe, what your budget is, how much tax you need to pay, how long you and your family have before you run out money, and if you are improving your net worth or sliding back.
A system that is not relying on an app or an online service (paid or unpaid). The reason why I'm not too fond of online services is because 1) they are rather limited and 2) would you really want to use a app that has access to your funds or financial information if it's not your bank?
Then why don't you use the app of your bank?
I may be mistaken but the bank I have (HSBC) makes it very hard for me to keep track of my finances, my credit card expenditure and doesn't allow me to create lists and graphs the way I want to see things.
Hence the reason why I bought the domain name https://i-am-sick-and-tired-of-my-bank.com
And that's why I am here to help you set up your own private money management system that WORKS!
Are you also avoiding looking at your own finances?
I remember that at the time when I was learning math in school, I liked it and my teachers were great but I wasn't good at it. And ever since I left school, I struggled with my finances. I thought it was because I just wasn't good at math. Usually if you aren't good at something, you're not going to say "Yay, I suck at this. Let's do it some more." No, it doesn't work that way. We are lazy by nature and tend to ignore that which we suck at and focus on that which we're good at. And I guess this is how it should be. But certain BASIC THINGS, should have been taught in school so that we would at least know how to handle our own finances once we left school, wouldn't you agree?
Sadly it's still not the case in our society and so many people are struggling with that. In my opinion our education system just doesn't work. It drives people off the cliff instead of sending them up to a high like in a hot-air balloon.
So since I wasn't great at maths, I focused my attention on languages, sound engineering and web development. So then life went on and I became an entrepreneur. I set up my own English learning school in Hong Kong and again I struggled with ... maths i.e. finances.
I really needed to be on top of my finances because I had no peace of mind. I was always unsure how much money I actually had in the bank that was really mine to spend, what bills were coming up, what my budget was, how much money I had in savings for the long term, how much I had in investments, and how much taxes I would have pay at the end of the fiscal year and I definitely had no idea what my net worth was. Can you relate?
The aha moment
So when I started my own business, I just couldn't afford any accounting consultancy and so I tried to create my own spreadsheets but I didn't have the financial knowledge. Over the years I literally created hundreds of spreadsheets for this very purpose.
It was only when I started reading a book called "Secrets of The Millionaire Mind" by T. Harv Eker that I became aware that the reason I never succeeded at being on top of my finances was not because I was bad at math, it was simply because I WAS AFRAID OF LOOKING AT MY FINANCES, it was too daunting, I didn't understand it, I had a story around money, and ... it was just easier NOT to look at it.
The easy life, it never pays off.
Pay the price upfront or pay it later
So if you are avoiding looking at your finances then you are most likely just like I was i.e. struggling financially, having huge credit card debts. And on top of that, I didn't even even have a regular income.
If that's really the case for you, it's time to do something about it because you know that sooner or later, you'll have to pay the price. I like Benjamin Franklin’s quote:
“If you think education is expensive, try ignorance.”
You see, the thing is: you can either pay the price upfront or pay the price later but paying you will, one way or the other. And if you choose to pay the price later, it's likely going to be devastating, literally. And that's not what I want for you or for anybody. I want people to WIN IN THE GAME OF LIFE on all levels and that includes financially as well.
So what does that mean "to pay the price upfront"?
For our Course this means:
1. Looking at your finances every single day for at least 15 minutes. This is to establish a "working" habit, a love for dealing with your finances instead of avoiding it.
2. Using the Money Management System that you'll receive by purchasing this Course. It is an easy-to-update spreadsheet that works offline (or online) and gives you peace of mind around your finances. A system that WORKS. See the Course video.
3. Getting coached 1) on updating your MMS so you UNDERSTAND it and get really good at updating it, 2) on awareness and changing your mindset around money and finance, 3) on giving you that push that is needed to make you do what's uncomfortable now so that you can be comfortable in the long run.
Once you begin to love updating your finances, you'll gradually get on top of it. And that means peace of mind, feeling GOOD, having confidence and experiencing fulfillment in life.
Therefore I suggest you to think "long-term" and pay the price upfront.
It will save you lots of hardship and money too.
To your financial freedom,