Sunday, November 17News That Matters

Motivation Is The Only Tool To Tackle Money Matters – Thrive Global


The fact is true that money matters need a
calculative approach, wise financial decisions and patient attitude. However,
these qualities can never stay for long in your nature if you are not feeling
motivated. Right? You discontinue doing things in which you do not feel
inspired and energised. Even if that continues, that is because of some compulsion.
In any aspect of life, this gives the feel of getting dragged which can be
hazardous especially in financial concerns. For sure, it can affect money
management real bad and the consequences are perhaps known to you.

Motivation Stimulates Self-discipline

When you feel energised and motivated, you
make honest efforts in the desired direction. This is actually replica of
self-discipline that removes all the distractions and establishes the
unshakable process towards growth. Most of the problems arise when you lose
control on yourself and miss to keep the required balance. The usual symptoms
of this behaviour are – desires dominate needs, expenses dominate income, debts
dominate monthly budget and FINALLY stress dominates peace of mind.

With right dose of motivation time to time,
you can make all the above situations act vice-versa. For instance, needs will
dominate desires, income will dominate expenses.

Motivation provokes action

This is actually a hint to you that ‘feeling
motivated’ should not remain restricted in words only. Things should come to
the implementation level. Suppose if you make a rule in monthly budget to cut
extra and unnecessary spending, do not keep it on paper only or in excel
sheets. Bring that into practice. If your decision is to avoid car driving to
your workplace and take public transport then start doing it. Follow that on
daily basis and make sure that the spark should not go out.

You gain creative ways to manage money despite
vicissitudes

The one of the biggest benefits of having a
stimulus in money matters is that you stay inspired to face the complications. Suppose
you lost a job and to support finances you have taken cash loans to
your door for unemployed
and paying instalments is your concern. As
motivation breeds self-discipline, from starting of the loan tenure, you manage
expenses with care. Also, you succeed to pay the obligation with the available
sources of income (benefits, income from part-time work). One good thing
naturally attracts other good qualities.

Futuristic vision is the obvious reward

Yes, this is true, when you feel stimulated
or induced; you become able to see things in the long-term. Your plans for
today are backed by the concern for tomorrow. In such situations, good future
planning arises as the natural skill in your nature.  The current year income that you earn, a bit
of it goes in the savings for something planned after 5 years. Everyday
lifestyle changes for good reasons to keep the finances unaffected from any bad
habit or careless decisions. In fact, your food habits change and then enters a
healthy life-style, which purifies the heart, soul and only best comes out.

Helps to keep ‘keep going’ attitude

A motivated person is always equipped with undying
hope and zeal. As the financial life is prone to ups and downs, the continuous flow
of motivation helps stand strong and find the correct solution of a situation
in a short time. Keep the ‘move on’ attitude in every field such as career,
finances, relations etc. Embrace it and circumstances gradually come under your
control. At least, you learn to stay strong and avoid anxiety on all matters.

How to stay motivated in money matters?

After going through all the outcomes of
motivation in life, it is now necessary to discuss a little on how exactly keep
it in your practice?

Here are some suggestions –

Keep written
record of everything for a clearer idea

Keep detailed record of income and
expenses. It gives the clear idea where the money is going, which in turn
creates confidence as you feel that finances are in your control. In fact, this
also helps in making proper planning of the future as the written record shows
the fields where improvement is required. Also, it gives the hint of where you
are performing good.

Save more

When you know that a good amount of money
is there to tackle any unexpected situation, it gives a feel of proud. Also,
the relief comes that a part of income is invested for long-term plans. This
gives a peace of mind and you can focus better on the daily routine tasks.  By the way, it is advisable to invest the
savings in some lucrative deal for instance the compound interest thing is the magic
wand to multiply money.

Work on increasing income

 Time
and world are changing every second. The prices too are changing and are
usually prone to rise in every product and service. It is better to keep
working on creating new sources of income. But do not avoid health concerns.

Last but not the least….

 Motivation
is the energiser of financial life and nothing can replace it in importance.
Just keep it in abundance and things are sure to take a grip on normality soon.

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