From Ash Cash, personal finance expert, speaker and bestselling author.*
According to Ben Feder, Author and President of International Partnerships at Tencent Games, it turns out that happiness is a learnable skill, and it’s something you can practice. He recently stated, “By being mindful of our thoughts and deliberately turning them around to be more positive and optimistic, we can, over time, create new neural pathways so that our overall disposition is happier.” This is something that I’ve always believed; as the saying goes, Life is what you make it. But if happiness is a learnable skill, can you learn to be happy without money? Is it even possible to be happy if you don’t have money? Or can your happiness lead you to getting money? All great questions but my belief and experience tells me that if you fail to plan, then you plan to fail.
Most millionaires don’t become wealthy by accident, and billionaires get this status on purpose. While millions of people play some form of the lottery every single day more lose than they win. And those who win tend to end up in the same position they started from (if not worse) due to the lack of financial planning. You don’t need a financial expert to start you on the road to wealth. All you need is a pen, paper, and a vision. The following are three ways to get the money whether it’s before happiness or after:
Survey Your Current Situation. Take stock of your current financial status. What is your current salary and income? List your expenses and financial responsibilities. Jot down all of your bank accounts and the balance for each. Also, include your spending habits and what you do for entertainment.
Consider Your Aim. Where do you want to be in six months, one year, three years and then five more. A key is envisioning the lifestyle you’d like to have and then match it with how much it would cost. If you see yourself going to Paris next summer, how much will your flight and lodging expenses be? Check out the price of food and shopping.
Discover the Steps to Get There. Based on your current situation and desired goals figure out the steps needed to get you there. If you want to have 10,000 dollars in savings, how much do you need to save on a monthly basis to get you there? Leave room for unexpected money to flow into your life too. The important thing is you are committing to experience your ideal life.
*The opinions/views expressed by Ash Cash are not considered opinions/views of BMTX, Inc., a wholly owned subsidiary of BM Technologies, Inc. BMTX is not a financial advisor and individuals are urged to obtain and consult their own financial advisors.