How To Master The Skill Of Spending Money Wisely

People usually think of “money” as one skill.

However, it’s really split into 3 separate skills:

Investing is how you preserve + grow it.

And spending is how you live your life.

Many have 1 or 2 of these skills, but few have all of them.

(Which is why so many people are unhappy).

Here’s how to master the skill of spending money wisely.

Table of Contents

Get Utility For Your $

To get utility for your $, you must first understand what money really is.

“Dollars” are machines with power delegated to them.

However, this power doesn’t materialize until YOU choose to wield it.

If you aren’t putting the power to work FOR YOU, it doesn’t exist.

You see, most people dump large amounts of money into an abyss.

It doesn’t matter how much you have if it isn’t making a change in your life.

Where do you get the most utility?

All these things are the “big blocks” that give you the highest ROI.

Without them, you’re trying to get rewards where there aren’t any.

(Pretty much setting your money on fire).

These things are the polar opposite of the previous section.

They:

Remember: money itself isn’t your wealth… it’s just a tool to help move your wealth around.

And when you position your money to keep the most value flowing through your life, you win.

Get utility for your $
Dollars are machines with power delegated to them
Put money to work for you to keep value flowing through your life
Avoid killing your cash flow, highly depreciating assets, and loading up on recurring costs that don’t bring you money.
Money itself isn’t your wealth… it’s just a tool to help move your wealth around