This piece is part of my 2016–2026 archive migration. Some original formatting, content, and external links may be missing, changed, or not be optimized.
Are you utilizing the tool correctly or incorrectly?
We love spending money and giving it away wherever we feel like it.
However, this is also why most people HAVE to constantly strive to get more of it because they don’t know how to keep, multiply, and save it.
Why do most people have to work throughout their lives? Because they didn’t learn how to spend less than they earn, invest money, and utilize it properly.
Money is merely a tool.
If you utilize the tool properly, you will reap the proper rewards.
If you’re building something but don’t have the proper tools, what happens?
You end up building something that will eventually break or fall apart.
If you consistently only spend your money, you will build nothing.
If you consistently invest your money, you will build something.
Money is a tool that can build wealth, but most people don’t do this because it requires self-discipline, sacrifice, and delayed gratification to invest your money and don’t spend it.
It is easier to use money on frivolous purchases instead of stocking it away to work for you around the clock 24/7.
I’ve been here before.
When I was younger, though I saved, I still spent more than I should have.
And that has cost me to this day.
The more you save on the front end, the less you will need to save on the back end.
If you don’t take advantage of time, it will take advantage of you. Compound interest is best friends with time.
How To Use Money Properly
Spend less than you earn.
Invest a percentage of your income each month.
Consistently educate yourself on personal finance.
Avoid debt like the plague, which aligns with #1: Spend less than you earn – unless you are utilizing debt as a tool, which only the most self-disciplined people know how to properly do this.
Use time to your advantage. Start investing sooner rather than later. Don’t wait to allow compound interest to work on your behalf for years on end. It pays to invest early, so you don’t have to play catch up so aggressively later in life.
Surround yourself with people who know how to manage their money. If broke people surround you, you might become infected with their mindset.
Never leave your money sitting idle. Invest your money – even if it’s in a low-risk investment – at least it will beat inflation.
This content is for informational purposes only — not professional advice. Consult a qualified professional before making any major decisions.