S:0281 Principle: Spend Less Than You Receive

(Principles are basic truths that, when applied, cause success to come to you easier and quicker.)

 

How obvious is this? You don’t have to be able to perform math much beyond the third-grade level to understand the truth of this principle. Yet until some dramatic event happens to them most people never take it personally.

Why is that?

Generally it is because you have a powerful need. Any time you find that you are spending more than you receive ask yourself, “What am I trying to accomplish by this action?” Your answer will reveal one, or more, of your driving motives.

Is it to impress others? Or feel OK with yourself? Or to fit in? Or to feel worthy? Or because you deserve it? Or to be accepted?

Those reasons are not based on sound financial principles. Instead, they are much more powerful and come from a place deep within you. Only after you understand your motivations will you be able to consistently apply a simple principle like “spend less than you receive.”

 

Copyright 2001 Steve Straus. All rights reserved.