Money: 5 Things You Should Avoid

 Money: 5 Things You Should Avoid, Liz Fe Lifestyle, 2021

 

By itself, money is not the problem. It's just an inanimate piece of paper or hunk of metal. People's mindset toward money, giving it all sorts of power over their lives, is the problem. It has been going on throughout human history.

"He who has the gold makes the rules." "The love of money is the root of all evil." Does spending money, regardless of what you are buying, make you feel better? Are you a believer in "retail therapy?" How long does that shot of dopamine last? How do you feel later? How much money do you spend each week, at the casino, or on lottery scratch tickets? If you do come into a lot of money, will you spend it as fast as possible on shopping sprees, or will you, figuratively, stick it under your mattress? It can be very hard to change your mindset from anxiety and pessimism to hope and optimism.

Cutting your expenses does not mean living like a hermit. Do you really need all those subscriptions that show up on your credit card? Get in the habit of putting some money, even just a few dollars a week, into a savings account, and leaving it there. You never know when a sudden medical or car repair bill will drop on top of you. Start thinking about investing in the stock market.

This is an easy-to-read book about mindsets toward money. It is very much worth reading for everyone.