Money matters

The Money Myths and Principles Most People Believed In
(Taken from the book Uncommon Cents by Lynn Robbins)

More money will solve my money problems. (Correct)
Greater income than outgo will solve my money problems. (More Correct)

Following a budget inhibits my freedom of choice. (Correct)
Following a budget brings greater control over important choices. (More Correct)

The chequebook balance is my best spending barometer. (Correct)
The chequebook balance cannot forecast the unexpected. (More Correct)

I spend according to my needs. (Correct)
Most people spend according to emotion. (More Correct)

Going into debt gives me choices now instead of having to wait. (Correct)
Going into debt decreases my future options. (More Correct)

Money is intrinsically valuable. (Correct)
Money can only be exchanged for things of value. (More Correct)

My present financial situation is a result of circumstances and events out of my control. (Correct)
My present financial situation is a result of decisions I made based on the money principles I believe in. (More Correct)


Other “Money” Matters We Believed In
(Taken from another book entitled A Millionaire's Notebook by Steven K. Scott)

1. Commitment and motivation are more important than credentials or résumés.
2. Do everything you can to make those you work with successful.
3. Make those under your authority successful, and you’ll get an incredible ride on top of their rocket.
4. If it’s not fun, you probably won’t succeed, and any other way of getting rich is a waste of life.


If you are interested in a deeper analysis and study of the above principles you can go to Life Matters: Creating a Dynamic Balance of Work, Family, Time, & Money