4 Money Principles That Will Transform Your Life

We’ve been told our main goal in life is to study hard, get a good job and hope to retire someday. Car payments, mortgages and credit card bills are just a way of life. We should never expect to be free of them.

But that’s not true at all. Financial Freedom isn’t just for a chosen few.

Given the right plan, anyone reach Financial Freedom. The path is actually quite simple.

So, how can you achieve Financial Freedom and live the life you desire? Freedom is achievable by following the Four Money Principles to get control of your life, plan for the future and eliminate money stress.

Principle One: Pay Yourself First

If you’re like 96% of the population, your paycheck disappears the moment it arrives. The money is spent as soon as it hits your bank account while you’re left wondering what happened. No matter what your income level is, you spend exactly, or often more than, what you make.

This leads to a very important point: It’s not what you earn, but what you get to keep that matters. No matter what salary the 96% earns, they rarely keep any of it. And that’s a shame.

How can you ensure you’re putting away money for your future? How can you ensure financial security in the years to come?

You need to Pay Yourself First.

The wealthiest 4% already do this. They pay their future selves before any other bills, every single paycheck. You’ve worked hard to earn your money. You deserve to have something to show for it. Right now, you might be thinking you don’t even have enough income to save for your future.

You need to take a hard look at where your money is being spent, and start Living Within Your Means.

Principle Two: Live On What Remains

Dr. Tony is the co-founder of MindShift.money and the best-selling author of three books on personal and business finances. Having achieved Financial Freedom at 27, Dr. Tony believes that through Financially Fit Bootcamp and Cash Flow Cure everyone can get there. He has made it his life’s mission to help others live a life where their money works for them—not the other way around.

There are 2 comments

  • Karen on May 12, 2017 at 12:16 pm

    no matter what great advice this may be to live with these principles … i do not have that kind of money. !)i do have an RRSP which i have dipped into for life emergency use yearly which doesn’t leave much of a balance. 2)i live from overdraft to overdraft…i do put $50 a month into a tax free savings account and i usually need to use that from time to time-so maybe it’s like a piggy bank (mind set). i don’t know nor usually have the money to invest in making more money. 3) i have a lot of debt with owing on Line of Credit and home mortgage. I am 60 years of age and have never been taught how to use my money wisely…now I am ready to turn this around. Is this even possible is it too late in life. I need help. Karen Lowe kdlowe@nullshaw.ca Thanks for any advice.

    • Susan on June 28, 2017 at 7:23 pm

      Hey there Karen,
      Thank you for reaching out and having the courage to share some of your money story.
      I wanted to take this opportunity to answer your question in the same way that Tony Pennells answered mine. For the record I am 59 and asked the same question not so long ago.
      Tony’s answer was, “No, it is not too late, there are two best times to plant a tree, one of those was 20 years ago and the next best time is today,”
      I believe that concept Karen and I am aware that you have also made the decision to join the Financially Fit Bootcamp community and I want to congratulate you first for taking that action and making the choice to take the control back from money and put it where it is better served – with you!
      Here’s the thing Karen, no matter what your age is, it is never too late to make change and create a healthy relationship with managing your Money.
      Through your choice it will not only have a huge impact and lasting effect on your confidence, your self worth, your value and your life, but by doing this, you have also broken the limitation and lack vows of your whole family and you will remove the stress around money for yourself and them, forever!
      That is priceless and YOU are the catalyst of that change, so stop and celebrate that in yourself right where you are.
      There is no stopping you creating endless change in your life no matter what you age. In my mind you are only half way through your life, granted if would of been great to start this years ago but nothing stopping you picking up speed now.
      So, I hope that this has given you a little more clarity and confidence to push forward Karen.
      I wanted to add here, that I am a Financially Fit Bootcamp Coach with Mindshift.money and if you do feel like you would still benefit from a little more help please PM me on Facebook, or via email at info@nullfeelaliveinside.com and I would love to offer you a complimentary strategy session where I could support you to fast track from where you are:)
      Susan Whelan

Post a new comment