Will Making More Money Help?

Making more money won't help to improve your life. If you have the same bad money habits, you will continue to have the same money problems.

Here's what I mean:
Let's say that you make money but you keep you were taught that the safest place to put your money was in the garbage can. Everytime you got paid, you put your paycheck into the garbage can. If I gave you more money, do you think that would help your situation? What do you think would happen to the extra money I gave you?

I know that this scenario is silly. But I just want to make a point. More money doesn't help if you have bad money habits.

Now let's imagine that I'm your boss. (Don't worry. My management skills have gotten considerably better since I first started.) I'm going to double your current salary. (See...you like me already!) Will your money life improve, will it stay the same or get worse?
I'm betting that it will get worse. Let me explain...

Juxtapose your current money habits with The 5 Habits of Money.

How are your money habits like now?

1. Hustle: YES. twice as much
2. Pay Yourself first: NO. most likely.
3. Financial Diet: Poor. You spend more than you make.
4. Pimp Your Dollars: NO. no money saved.
5. C.Y.A.: NO.

As your imaginary boss, your HUSTLE will double next pay period. But does making more money help?
1. Hustle: just increased by 100%
2. Pay Yourself First: You won't because you haven't before.
3. Financial Diet: Your appetite to spend adjust to whatever amount you earn.
4. Pimp Your Dollars: You spent your new paycheck and didn't save.
5. C.Y.A.: You haven't done it before. You won't start now.

What if you changed your money habits first?

How you would look with The 5 Habits...
The 5 Habits of Money
1. Hustle: You make twice as much.
2. Pay Yourself First: 10% of your paycheck (You keep way more than the $0 you were saving before.)
3. Financial Diet: Income = Expenses ( You could afford more expenses now. or you could spend the same and Pay Yourself more)
4. Pimp Your Dollars: Make money work for you. (You now have some money to put to work.)
5. C.Y.A.: Cover your assets with enough insurance to protect yourself.

Will making more money help you?
What if you changed your money habits first?
Could The 5 Habits of Money help YOU?