This is INSIGHT 8 from a set of rules about how to get rich
If you are reading FinancialJesus.com, you are probably here because you want to get rich.
Everybody wants to get rich!
Before setting your mind into achieving that first magical million you should have a clear vision what to do with the money once you have it.
If you had a lot of money, what would you use it for?
Could it be possible that you want a lot of money for something that you could probably do with a lot less money and a bit more imagination?
If you need money in order to travel, then you could probably do it with a lot less. If you want money to insure the lives of your children if you were to suddenly die, you could probably just sign up for a life insurance contract.
Take care not to save money for something that you could already afford just by changing your mindset.
Things you only get with enough money
There is a vast amount of stuff you can only do or get when you have enough money. This can include things as different as buying expensive supercars or living of interest that your money generates.
Why do you need money?
Money can be a solution to problems but is it also a solution for your problem? Think.
If you truly believe that you need more money you should write down how much do you need and for what. Money doesn’t have any value just by itself – it is only useful when you can exchange it for something else.
If you have a clear idea of how much money you need in order to exchange it for something of real value, you will also know how much you need. Having goals makes things a lot easier!
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