Pushing The Boundaries Of Security and Comfort

One cannot be complacent and run after security and comfort. Longing for a default, peaceful life of status quo will not put one on the track of next-level money.

One has to get to work, piercing the comfort zone bubble and the man-made boundaries that are around us.

@pipge474

💰

Money

MORE IDEAS FROM THE ARTICLE

Next Level Money

Our desire to achieve next-level money or to master, control and optimize it, can only be fulfilled by us, and it goes beyond just earning, saving and investing money.

Many of us try to find financial advice in blogs and books, hoping that the other person who has no clue who we are will somehow provide us with all the tools to get rich.

Automation of money will lead to a ‘coasting’ life, but it won’t get one to the next level. While we already know that the goal is to make money work for us, instead of slogging ourselves for earning it, it is not enough to simply save and let the money grow in banks.

One has to be aware of the pitfalls of wastage of money, be able to shun mindless consumerism, and embrace minimalism to move towards that level.

Playing safe is easy, as we live in a fear-based world. This attitude prevents us from growing, taking any risk and to really live our lives. Taking strategic, calculated risks ups your odds to reach next-level money.

  • Plan ahead and strategize, weighing your options and evaluating the implications.
  • Do a SWOT (Strengths, weaknesses, opportunities, threats) analysis on the planned action.
  • Develop a set of principles and guidelines to help you make the right decisions.

To attain next level, you have to only do things that push you towards it, and say a blanket ‘no’ to almost everything else. You cannot ride your cart in three different directions at the same time.

Most people around us are after our attention, our time and our money. The never-ending obligations and the things we have to do keep us engaged all day.

Next-Level Money is not about money, but the freedom, opportunities and the extra time you get to enjoy life. Next-Level Money buys you a Next-Level life.

Deepstash helps you become inspired, wiser and productive, through bite-sized ideas from the best articles, books and videos out there.

GET THE APP:

RELATED IDEAS

War games

War games are a great way to learn about history and warfare.

The Prussians used war games in the 19th c. to prepare for conflicts. So did the WATU (the UK Western Approaches Tactical Unit), and the US Navy. These organizations had the benefit of time, space, and resources, but the same benefits are often unavailable to the officer who wants to learn in his free time.

4

IDEAS

If you can't save a good chunk of your paycheck every month, investing once now can help you start saving in the long run.

A favorite investing platform is Betterment, where your money will be automatically invested in index funds. Betterment's fee is a straightforward 0.25 percent of your total portfolio.

In the debt avalanche method, you pay your debts from the highest interest rate to the lowest interest rate, regardless of balance.

You will pay less in interest if you pay off your debts in this order. You will also pay it off faster.

© Brainstash, Inc

AboutCuratorsJobsPress KitTopicsTerms of ServicePrivacy PolicySitemap