Money Matters - Simple Strategies

There’s a lot of “go fund me” out there. Bad and unfortunate financial situations happen all the time.

Many of you know that I help people plan and prepare for their financial futures, to help them become financially independent.

But, when you offer your services and they say “nah, I’m good.” do you later contribute to their go fund me page?

I’m not saying we don’t and shouldn’t rely on others in times of real need, but the responsibility lies with us first.

If you’re not responsible for your financial future, no should have do it for you.

Prepare while you can!

OK. Here's the last of Warren Buffett's "Money Saving Habits" #7. Wants vs. Needs: The Buffett Spending Philosophy
“If you buy things you don’t need, you will soon sell things you need.” – Warren Buffett.

At the core of Warren Buffett’s frugal living philosophy is the ability to distinguish between wants and needs. This skill is crucial for maintaining financial health and avoiding the pitfalls of impulse purchases and lifestyle inflation.

To apply this principle, start by critically examining your spending habits. Create a list of your needs – those essential for your health, safety, and basic quality of life. Everything else falls into the category of wants. While indulging in wants occasionally is okay, they should not take precedence over needs or financial goals.

Develop a framework for assessing purchases. Before buying something, ask yourself: Do I need this? Will it add significant value to my life? Can I afford it without compromising my financial stability? By cultivating this mindset, you can make more intentional spending decisions and avoid accumulating unnecessary possessions.

Remember, contentment doesn’t come from acquiring more things but from appreciating what you already have. Focus on experiences and relationships rather than material possessions, and you may find that your wants naturally align more closely with your needs.

Often our actions and our words don't match.
We want more!!
More peace/joy/harmony! - But we complain, blame and accuse.
More time flexibility! - But we spend it all on our phone or binge watching movies.
More money! - But we don't want to do want it takes to make it happen.

How about we let our actions speak in a positive way!
If we all did one thing each day to better our lives and/or those lives around us, we'd all rise up.

To him whom much is given, much is required.