Sherry A. Phillips

Suspense Author

7 Keys to Mastering the Money Game

7 Keys
Do you like money? Do you wish you had more of it?

One thing I have come to realize about money is that it will run away from you if you do not acknowledge it and treat it with respect.

Now, I know many of you are taken aback by what I just said. I’m not talking about respect in terms of worship, or idolizing it. I am talking about the realization that money can and will slip through your fingers if you don’t keep tabs on it.

By respect, I mean you need to know how much money you have coming in and how much you have going out. You need a budget and you need a plan on how you are going to spend, not spend and grow it.

If you don’t know how much is coming in, going out or how you can grow it, I can almost guarantee you will never have enough and you will always wonder, where the heck all that money went!

Here are 7 Keys you can use to master the money game:

1. Identify past choices that have led to financial frustration or stress, and stop making those choices, starting today.

2. Pay off credit cards before other debt. Dave Ramsey has a great snowball technique for getting rid of debt. You can find it in his book, “Total Money Makeover.”

3. Stop using your credit cards unless you can trust yourself to pay them in full each month.

4. Establish a financial cushion of six to 12 months of expenses.

5. Invest time in your own financial education.

6. Have a vision. Set goals!

7. Put money into proper perspective.

Money itself is not good or bad. It just is. When you have enough, you tend to rest easier at night. When you don’t have enough, it can stress you to unbelievable limits.

People get divorced over money issues. They have committed suicide over it. They have robbed for it. They have killed for it.

But it’s just money. It comes and it goes. It is not God. It is not your family. It is not your friends.

I remember years ago a few weeks before Christmas, someone tried to steal our family dog, a yellow labrador retriever, right off our back deck. Fortunately, they failed. When I was talking to the police officer who came to take the report, she informed me that sadly there had been a lot of dog thefts in our area recently. Especially retrievers.

I was stunned and asked why would anyone want to steal a family pet? She responded, “I have found that this time of year, people will steal anything to get money.”

Isn’t that sad?

If you find yourself in a financial bind, sit down and figure out why. What behaviors got you into that situation? What do you need to change? What is your budget? What are your plans for the future?

You CAN get control of your finances. You CAN win this money game. Like anything else, pray about it, set a goal, take action and watch things fall into place.

Have a blessed day.

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