The Essence of Personal Finance in Two Sentences

The Essence of Personal Finance for BIGG SuccessMoney is one of the five elements of BIGG success. When you really think about it, there are only two core paradigms when it comes to personal finance:

The more money you have, the more you can do.
The less money you need, the sooner you can do it.

The more money you have, the more you can do.

Money means options, options to do what you want.

To buy what you want. To spend your time how you want.

Time is another one of the five elements of BIGG success. You can exchange money for time.

You can pay people to do chores for you. You can pay people for tasks outside your strength.

Money can buy time. Money can buy things.

Money means freedom, at least to some extent. So focus on accumulating more money.

An attitude of “more” propels you forward. The desire for “more” makes us grow. For us humans, growth is where we find meaning. Be happy, not content.

The less money you need, the sooner you can do it.

But there’s another side to personal money management. It’s the second mindset of personal finance.

This is the one people often don’t think about. Or talk about.

But BIGG success is life on your own terms. If your definition of BIGG success requires less money, you will likely reach your destination sooner than someone who requires more.

In other words – if you can be happy with less, you can enjoy it longer!

An attitude of “less” also has other benefits. “Less” may very well mean less stress. Because you need to protect your nest egg once you accumulate it. So more money often means more worries.

Another benefit of “less” is perhaps the most important one of all. “Less” helps you stay within your boundaries. It stops you from crossing the line. “Less” helps you get to your vision of BIGG success with your values intact.

That’s it. The essence of personal finance in two sentences.

How much is enough for you?

Image in this post from stock.xchng

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