The Money Game: Rules of Money

@FIN.IQ242

Yup, that's correct, money has rules and it’s very likely that some of you DON’T know what they are. Lucky for you, I DO and I really want to share them with you.

Money Rules:

Rule #1 - Money Is An 'Attention Whore'

People with money get attention and people with attention get money. This is why everyone wants to go viral nowadays. Don’t believe me? Just look at Danielle 'Cash Me Outside, HowBow Dat' Bregoli now.

Rule #2 - Money Tests You with Big Paydays

Sometimes large amounts of money will be randomly bestowed upon you. This is only a screening, it wants to know if you can handle it. So if you ‘ball til you fall’, don’t be surprised when you hit the ground.

Rule #3 - Money Is a Result- Money is the result of value. When you provide value, you are rewarded with money – among other things.

Rule #4 - Money Likes Stoicism- The panicked lose money while the composed win, especially during an economic crisis. So for those that can keep our cool, there’s money to be made.

Rule #5 - Money Likes to Be the Hero- When your back is against the wall, money wants to save the day. This is why you need emergency funds or you'll end up having to use the Bank's money, and that is best case scenario even though it is still not a good alternative. For others who may not qualify for a loan, the alternatives are limited.

Rule #6 - Money Likes to Work for You. Money Needs A Purpose

If you don't give your money Investing & Saving tasks, it will leave you and find someone who will.

Rule #7 - Money Doesn't Know What Ethics Are

This is why names like El Chapo and Joel Osteen are both associated with wealth. This is not to promote poor morals but just so you know money doesn't care how good or bad of a person you are. So don't 'act' nice with the expectation that the universe will reward you financially because you will end up very disappointed.

Rule #8 - Money Rejects Disrespect & Obsession of It, But It Recognizes Appreciation & Understanding of It

This is the one emotional aspect of money. If you say that it is not important to you then you will not be important to it and if you obsess over it, it will be fearful of you. On the flip side, if you appreciate its ability and understand that it is a tool, then it will allow you to use it effectively.

Rule #9- Money Recognizes Those in The Right Position

It doesn't matter how much you have laboured; money recognizes the person in the position to receive it.

Rule #10 - Money Only Brings Temporary Happiness

Happiness is self-fulfilled and can only be realized from within. No external source will bring you true happiness. Money can only assist in giving you happy moments.

Rule #11 - Money Doesn't Change You. It Exposes the Real You-

The lack of money restricts you like a leash because you are afraid that anything you do or say will result in monetary distress. Money gives you the freedom to express, act and speak your inner truth.

But You Must Act:

               

Rule #12-Double the Money- Make 100% return. Repeat. That’s the game.

Rule #13-Leverage the Money- Use other people's money to make more money. But be careful here, because if you start losing money, it will be more than you actually have. It can work for you but also against you.

Rule #14-Time the Use of The Money- Know when to apply money -when to invest, when to save, when to pay off debt, etc. This comes from experience in the money game.

The Mental Aspect:

You have to develop the right frame of mind to know, understand, and accept certain things about the game.

Rule #15- 50/30/20 (Percentage) Rule- Very important rule, not for the numbers but for the percentage symbol. Wealth likes to be split into percentages, earned in percentages and calculated in percentages.

Rule #16-The Economy Changes- You must be proactive with your money in preparation for  economic changes that are outside of your control. This puts you in a  position to adjust.

Rule #17-Inflation Kills Money- The cost of living is increasing.  Make sure you can always afford it. 

Rule #18-Generational Wealth Currently Starts At 8 Figures- With the cost of living on a steady rise, so is the amount required to secure financial freedom for your successors.

Rule #19-Take A lot of Advice But Have Your Own Individuality- Carbon copies bring little to no value to the market. Think about it, an authentic Gucci bag can be sold for $1,500.00+ but the knock-off will be sold for about 50 bucks.

Rule #20-Focus on the Game, Not Your Neighbors- The game may be the same but visions vary. Don’t lose sight of the money in your game because you keep staring at the money in your neighbor's.

Rule #21-Network With Other Money Makers- You are what you hang around.

Rule #22- Conservation Maintains Wealth Better Than It Builds It - Playing it safe is a rich man's game and I’ll show you why using numbers. The peak of conservative returns on investments are about 5-6%. Let’s say there is $10,000.00 conservatively invested. On this you may only make $500.00-$600.00 annually. Now let’s say there is $1,000,000.00 conservatively invested. You could make $50,000.00-$60,000.00 annually.

Rule #23-You Will Lose What You Can't Manage- Managing your cash flow is a key component to acquiring wealth. It will leave you if you cannot take care of it.

Rule #24-How Much You Keep Is More Important Than How Much You Make- No matter how high the income, if the outflow is too large, you will never be able to acquire enough assets.

Rule #25-Know About The Things You Put Money Into- Simply put, do not invest in unfamiliar things. Put the time in to learn about the assets you want to acquire.

There it is - the rules of money! Knowing these rules will help you, but just like every other game, it does not mean that you will win every time. Win or lose, you must keep playing because that is the only way that you will get better. Who knows? You may even create some money rules of your own.