I found the book The Money Code written by Raimon Samsó 3 or 4 years ago, and it’s one of those books that open your mind and help you broaden your perspective of the world.
With this book I learned important concepts such as Financial Education and Financial Freedom.
Where you ever taught how to manage money in school?
As I took courses such as Administration and Business Management in my first year at university, I knew concepts like Active and Passive, but nobody ever told me that:
– an Active is what gives you money.
– a Passive is what takes it away.
If you apply this to your personal economy, the way in which you value your actives and passives will change.
It’s not what you know (aptitude) but WHO you ARE (attitude)
This sentence of the book The Money Code impressed me the most.
When some areas of your life aren’t going as you’d like them to, Raimon tells us that you need to ask yourself Who you are and who you want to become to be that person who feels satisfied with that time of their life.
For me this is one of the hardest things to do, but it’s the way to go.
Change of mentality
To become who you want to be, first you’ll need to change your mentality.
This book gives you a new perspective of where we’re going as a society and as a country, in terms of work.
If nobody tells you about these things, you’ll continue to think based on concepts you learned a long time ago.
Concepts that have changed radically and which someone needs to show you.
Raimon tells us how the globalization we’re moving towards will cause a work redistribution worldwide.
Some jobs will disappear and new jobs will emerge and you’ll need to be ready to adapt to this change.
The author states that we’ve already moved from the Information Age to Knowledge Age, in which people will be rich or poor based on the degree of knowledge they have.
Have you ever heard this term?
And before you continue reading, could you give a definition of what it means?
Because it sounded familiar to me, but I couldn’t quite define it.
That is, we stop selling time to create a multiple income system that works for you.
Sounds good, right?
To achieve this, we need to diversify our income.
Raimon has done it, so we’ll have to follow his example.
To do so, he offers some tips that can help increase your Financial Intelligence:
Review your beliefs about money
Here I may ask you:
- What did your parents think about money when you were young?
- How did they manage it?
- Did they have economic difficulties?
In my case, I can say that my parents had some beliefs like:
- “You need to work hard to get money”
- “People who have money are bad people”
- “If you have money you won’t have friends because they’ll only be interested in what they can get from you”
- “You’ll be a target for thieves”
- “You can’t buy something you DON’T need, because you may need other things later”
Do any of these sound familiar?
With these beliefs, you can already imagine how I’ve done economically.
But as I’ve already mentioned before, a belief can be changed, you just need to be willing to work on it.
Complement your payroll with other sources of income
Ideally, these complementary sources of income won’t take much time.
Here’s a book where you’ll find various alternatives.
First pay yourself
The idea is that if you’re the one who has to make the project happen, you can’t leave yourself last.
We’ve already talked about this in other articles, in which I explain the importance of being honest with yourself, respecting yourself and taking your needs into account.
Well the same happens with money.
Don’t become indebted with joy
Nowadays, paying everything with a credit card is so easy that, if you aren’t careful, you can spend twice as much as you make, almost without realizing it.
And then the interests of the money you spent may scare you.
When you pay in cash, says Raimon, you spend less than when you use a card.
Set increasing revenue targets for yourself every year
Have you ever started thinking about numbers and felt uncomfortable after a certain amount?
And you know why?
Because making too much turns me into the person that my parents rejected.
Of course, I don’t want to disappoint my parents by becoming a “bad person” because that’s the association they made.
What’s your excuse?
Do you know it or is it lost somewhere in your subconscious?.
Unconscious beliefs are very powerful, so don’t let them limit you in any way.
Create different sources of passive income
I refer you to the book, he’s the expert in these subjects.
Don’t bury your talents under anodic work
I’m lucky enough to be able to work on something I like, but it hasn’t always been this way.
I agree that you need to find your passion, but you need to know, it may take a few years.
Based on my experience, I can say that before you can leave a job you’re NOT passionate about, you need to find another way to get an income.
Because one thing is what you want and another what you need to get it.
I’ll use my own example.
When I started reading and learning about creating a blog, I thought that if I created a website with a built-in blog, I’d instantly get loads of customers.
After 2-3 years and dedicating loads of hours to my website and blog, I can say that I have gotten some sales, but so far I can’t live on my website income.
And I’m not saying that people can’t achieve this within a short period of time.
But that ISN’T my experience.
Anyway, this book offers different ways to make an income and you can choose the one that suits you best.
Train yourself financially through good readings
And for that, I recommend this book.
I really liked it a lot and I think it’s the starting point for the path I want to take.
Don’t try to solve your money problems just with money
As Einstein said: “We can’t solve problems if we still think as we did when we caused them“.
Talk to other people and use your creativity, as money doesn’t solve it all.
Hire a financial coach
I’ve already done this. I’ll share my results in a future post.
Have you ever thought about what you’d really like and suddenly you felt something inside that didn’t allow you to accept all that abundance?
Well, again, here you need to work on your beliefs.
The author of The Money Code advises us to:
“do what you need for as long as you need to”
And here’s where you need to be the most patient.
Some things in life will take years:
- Getting rid of old beliefs, will take both times and work on your part.
- Also changing your mentality.
- Doing different things and breaking old habits isn’t easy, but it isn’t impossible either.
Take it easy, start with something small that you know you can maintain.
If you don’t, as soon as you don’t get results, you’ll drop everything and throw your dream overboard.
This is a small part of what you’ll find in this book, because there’s so much more.
Anyways, I won’t keep going and will just leave the book. Here’s the Amazon link (I’m affiliated).
My wish is that The Money Code will help you change your perspective about money and open up new fields of possibilities.