HOME
  • Home
  • For You
    • Student Zone >
      • University
      • Apprenticeships
      • Jobs
      • Gap Years
      • No Idea
      • Do what you love, Love What you do blog
    • Gatsby Benchmarks
    • Universities
    • Uni Connect
    • Employers
    • Parents
    • Career Advisors
    • Media Enquiries
  • Our Outreach
    • In-school and online sessions
    • Blog
    • Student Newsletter
  • About Us
    • What is Push? >
      • Why choose Push?
      • History of Push
      • Prices
      • FAQs
    • Our Team
    • Testimonials
    • Work for Push
    • Work with Push
    • Legal Stuff
  • Enquire

Student blog: What's new?



​

money management: how not to fall into the rat race

2/4/2019

0 Comments

 
Picture
Everyone – and I mean everyone – has the ability to build wealth. It’s just a matter of developing the right strategy and mindset.
 
You are just one tactic away from having all you ever wanted. We live in a world where there is a magnitude of success coaches, transformation gurus, personal development specialists – promoting a huge menu of courses, conferences, motivational workshops, mastermind groups, and 1-to-1 coaching sessions – all aimed at increasing your wealth.

Now, with this huge variety of choices available, you will derive great value from many of the experts and you will undoubtedly learn, grow, and move towards becoming rich as a result of what you learn from them and apply to your life. However, there is a huge caveat. These courses, teachings, and transformational interventions don’t come cheap. To afford them, you often have to be well on your way to wealth, or already be pretty rich! There is no denying that a one-day course with Tony Robbins is life-changing and will provide you with tools and a shift of mindset to develop a new you. But it comes with a huge price tag that isn’t realistic for most people.
So, I want to share with you a very simple strategy that, once applied, will change your life forever. It’s so simple, it’s hardly a strategy – more like a change of perspective, but I assure you that if you adopt it, will take you closer towards your goal of being rich.
 
It comes from an understanding of general human behaviour. As soon as you experience an increase in income, your cost of living moves up accordingly, to balance out this increase. You end up no better off.
 
What do I mean by this? Robert Kiyosaki, the property and wealth expert, explains it in his best-selling book Rich Dad, Poor Dad, like this:
 
“Life, for many, is a constant cycle of chasing their tail, playing catch-up on their finances but never managing to get ahead. Some would argue that this system, by design, means to keep the poor poor and the rich rich.”
 
As soon as we enter the workforce, we start living from paycheque to paycheque, becoming part of this process designed to keep the status quo, wealth-wise – the poor stay poor and the rich stay rich.
 
To achieve wealth, some people knuckle down to work, go above and beyond, and secure a more senior position and accompanying pay-rise. For a few weeks, there is cause for celebration, and they feel richer. Maybe they even treat themselves – upgrade their phone, or their car, or their house… but within a few months – guess what? They are back to square one. Maybe, even worse off.
 
How can this be? Surely if you’ve had a pay rise, you should automatically have more left at the end of the month? No! The error most people make when experiencing any increase in their income is that they begin spending the excess money before it’s even arrived in their account. As soon as a pay increase occurs, within a short period of time, an increase in outgoings occurs, too, to counterbalance the credit. This is why so many people never escape the rat race. Their standard of living, and its cost, grows in line with their income.
 
Our money is often spent on items we desire, but do not need. There’s nothing wrong with wanting more possessions, but when this behaviour has the power to hinder your future wealth and happiness, that’s a problem. Conspicuous consumption is not going to make you rich.
 
One of the major principles of achieving wealth is to address this human tendency to spend our credit and achieve a deficit.  
 
Simply change your perspective.
 
  • Keep your outgoings low and don’t buy into the pull of online shopping, luxury holidays, or whatever your vice is. Sacrificing life’s little luxuries is hard in the beginning and can be a great test of character – but the consequence of not doing this can be a life of financial difficulty, instead of the financial freedom you crave.
 
  • Give yourself a monthly challenge to budget for how much you can save and invest, as opposed to how much you can spend. Instead of spending it, invest any surplus money in assets that will provide a return.
 
Maintain this discipline over a period of time – perhaps a few years – and it will soon produce the bounty that will set you on your way to further wealth – and true financial freedom.

Author

Ryan Jackson is a serial entrepreneur and success coach who runs multiple businesses in the UK and abroad. He is passionate about inspiring others to become the best versions of themselves through personal development. www.ryanjackson.org

0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    Want to keep up to date with our news?

    * indicates required

    View previous campaigns.

    This section will not be visible in live published website. Below are your current settings:


    Current Number Of Columns are = 3

    Expand Posts Area =

    Gap/Space Between Posts = 10px

    Blog Post Style = card

    Use of custom card colors instead of default colors =

    Blog Post Card Background Color = current color

    Blog Post Card Shadow Color = current color

    Blog Post Card Border Color = current color

    Publish the website and visit your blog page to see the results

    Authors

    Lucy Harding
    ​Moj Taylor
    Aron Tennant
    ​Johnny Rich

    Archives

    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    July 2017
    June 2017
    May 2017

    Categories

    All
    Apprenticeship
    Covid 19
    Covid-19
    Deadline
    Finance
    Gap Years
    Guest
    Jobs
    Johnny Rich
    Mental Health
    News
    No Idea
    School
    Study
    University
    WIWIK

    We're always interested to hear from talented young writers, so if you'd like to feature as a guest author then hit us up for more details.

    RSS Feed

This website uses marketing and tracking technologies. Opting out of this will opt you out of all cookies, except for those needed to run the website. Note that some products may not work as well without tracking cookies.

Opt Out of Cookies
  • Home
  • For You
    • Student Zone >
      • University
      • Apprenticeships
      • Jobs
      • Gap Years
      • No Idea
      • Do what you love, Love What you do blog
    • Gatsby Benchmarks
    • Universities
    • Uni Connect
    • Employers
    • Parents
    • Career Advisors
    • Media Enquiries
  • Our Outreach
    • In-school and online sessions
    • Blog
    • Student Newsletter
  • About Us
    • What is Push? >
      • Why choose Push?
      • History of Push
      • Prices
      • FAQs
    • Our Team
    • Testimonials
    • Work for Push
    • Work with Push
    • Legal Stuff
  • Enquire