To earn more money, I had to give it all away

Good day BP, it's a pleasure to be able to share ideas with you as we soar through space and time on this blue ball we call earth. It came to me earlier that I want to share with you the issues I deal with on a daily basis of not only earning money, but managing it as well. You may have heard me talk about how managing money is infinitely more challenging than earning it.

Let's first start out by agreeing that we can't "make" money and we should, from this point out, stop saying "I want to make more money". In reality the only people that can "make" money are Governments, which none of us are, so let's change our brain processing power to focus on "I want to earn more money." This article is not about earning more money but a far side of the financial spectrum a much more difficult task at hand is the art of "managing" your money. Before I had any resemblance of any wealth, I often thought about what it would be like to have rental properties and live off the income of my investments. Over the years, acquiring real estate has done little for my self assurance and it's actually created more problems for me that I didn't know existed. Yes, it's worth the headache and I'm sure it's much better than working a 9-5 job, but it's not a "I get to wake up when I want" type of lifestyle. Matter of fact, I wake up earlier now than I ever did in my life.
But getting to money management, there have been times where I've collected a $30k check from a flip and in a few months, the money is 100% absolutely GONE! I have no idea where it went but what I do know is that I'd be focused on looking for my next big check. I'm here to tell you that large checks are irrelevant, if you don't have a plan for the money. What the real estate business has taught me is "CASHFLOW is king". If you don't master your cashflow, then you'll always be broke. It doesn't matter how big of a check you earn, if the majority of your money is FLOWING away from you, then it's only a matter of time where all your cash will be gone.
OK Kris, you're saying all this to say what??? Yes, well I want you to know that I only truly starting feeling my wealth when I released it out into the atmosphere in a planned effort. What on earth does that mean? Well, I only started feeling less stressed over cash when I learned to convert my cash into assets. Instead of holding on to my earnings and watching it erode over time, I started spending it all on income producing houses. Yes, for me the only way to get rich was to spend all my money. When I say "spend" I really mean "invest". So now that I've learned how to curb my spending habits and start buying income producing houses instead of holding onto the money, my passive income has soared.
So remember next time you receive any amount of income, set some aside for investment purposes ONLY. This is the secret to my success and I promise it will pay off in the long run for you as well.

Kris Haskins

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