{"id":1776,"date":"2014-12-24T00:15:21","date_gmt":"2014-12-24T08:15:21","guid":{"rendered":"http:\/\/www.cultofmoney.com\/?p=1776"},"modified":"2021-10-27T11:49:47","modified_gmt":"2021-10-27T19:49:47","slug":"5-basic-money-principles-you-need-to-know","status":"publish","type":"post","link":"https:\/\/www.cultofmoney.com\/5-basic-money-principles-you-need-to-know\/","title":{"rendered":"5 Basic Money Principles You Need to Know"},"content":{"rendered":"

\"Do<\/a>It\u2019s so easy to get caught up in wanting to earn more money, save more money, and pay down more debt<\/a>. Before you know it chasing the almighty dollar can rule your life.<\/p>\n

That\u2019s when you need to remind yourself what money is really about.<\/p>\n

Money shouldn\u2019t be seen as a status symbol or sense of self-worth.<\/p>\n

Here are five basic money principles you should always keep in mind.<\/p>\n

Money is a Tool<\/h2>\n

Money is a tool. It can help you build a life that you absolutely love or it can make you downright miserable \u2013 the choice is yours.<\/p>\n

When you build up a safety net, live below your means, and save for the important stuff then you won\u2019t even have to worry about money. You know you can cover those unexpected expenses.<\/p>\n

On the other hand if you\u2019re buying things you don\u2019t need, going into debt, and living paycheck to paycheck your financial situation can make you downright miserable.<\/p>\n

Use your money as a tool to make your life amazing.<\/p>\n

You Control Money, Money Does Not Control You<\/h2>\n

You are in control of your money \u2013 not the other way around. If you\u2019re deep in debt because you bought a bunch of stuff that you don\u2019t really need that\u2019s all on you.<\/p>\n

If you spend your money recklessly then you\u2019re going to be miserable.<\/p>\n

Make a plan for your money (a.k.a. budget<\/a>) and stick to it! You\u2019re in the driver\u2019s seat.<\/p>\n

You Shouldn\u2019t Draw Your Self Worth from Your Financial Situation<\/h2>\n

It\u2019s so easy to compare yourself to other people. People who make more money, have nicer things, or have a bigger bank account. Don\u2019t do it!<\/p>\n

When you compare yourself to someone else you\u2019re only getting a little glimpse of their life. You don\u2019t know what kind of sacrifices they\u2019ve made to get to where they\u2019re at. It\u2019s likely that you wouldn\u2019t want to make those sacrifices yourself anyways.<\/p>\n

Don\u2019t compare yourself to anyone else. Work on a plan that will make you truly happy without worrying about what everyone else is doing.<\/p>\n

You Can Live on Less than You Think<\/h2>\n

You can probably live on less than you think. I didn\u2019t believe this until my back was put against a wall and I had to fend for myself. What I was surprised to learn was that I could easily provide a happy life for me and my two daughters on $20,000 a year.<\/a><\/p>\n

If you\u2019re trying to improve your financial situation then take a close look at your expenses. You CAN live on less than you think.<\/p>\n

Money Doesn\u2019t Buy Happiness<\/h2>\n

Last but not least, money does not buy happiness. Chasing after more money for the sole sake of having more money is not going to make you any happier. Likewise, buying newer, bigger and better stuff isn\u2019t going to make you any happier.<\/p>\n

Happiness is something that comes from the connections you have with other people not the amount of money you\u2019re brining home each month.<\/p>\n

If you can remember these basic money principles you can avoid making major financial mistakes and build a life that you love!<\/p>\n

What else would you add to the list?<\/strong><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Do you feel like money is ruling your life? It doesn’t have to! Learn these basic money principles and everything will come together for you.<\/p>\n","protected":false},"author":4,"featured_media":1777,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[1],"tags":[434,435,313],"acf":[],"_links":{"self":[{"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/posts\/1776"}],"collection":[{"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/comments?post=1776"}],"version-history":[{"count":1,"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/posts\/1776\/revisions"}],"predecessor-version":[{"id":3668,"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/posts\/1776\/revisions\/3668"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/media\/1777"}],"wp:attachment":[{"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/media?parent=1776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/categories?post=1776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/tags?post=1776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}