Is It All About Money?

Many successful businessmen and personal finance managers believe in a simple fact that the degree of success a person has in creating wealth in his/her life depends on how they feel about money. To tell you the truth, effective personal finance management cannot be taught to a person by the means of guidelines in the books of personal finance. The talent of managing money comes from within a person and is usually rooted in his personality since the time he/she first learned to handle money. Just like every personality change that starts at an early stage in life, our personal finance training too starts in the childhood.

As children, we often observe the behavior of our parents and other people around us via their spending habits. Simple things like the way someone spends money and lives a lavish or meager lifestyle tells a lot to a kid about that person and the personality of that person. Even though as kids we find it strange to see different behaviors relating to the same thing, we take little or no time in understanding the value of money. Try to imagine what your parents and the people around you were like when you were growing up? Maybe this would allow you to understand your real attitude about money and its management.

Even though you may feel that the things you absorbed from your surroundings when you were a kid are simply worthless, you will feel that in the times of a spontaneous decision, you will always make decisions by keeping the same things you absorbed about money when you were young. For example, if your father was a lover of expensive things and liked to live a lavish lifestyle, you would not be able to stop yourself from doing the same spontaneously.

Apart from the fact that most of our aptitude to handle money comes from an early age, how we look at money and other people with money is also important. Everyone wants to become rich and therefore we all have our millionaire role models whom we would like to follow. Whether you like a wealthy person who does charity and organizes events for the underprivileged, or you admire a con artist who thugs people for millions to become rich, you will notice that you are often compelled to use the same methods to have money as your role models.

So to end it all, personal finance is less about managing money and more about what you think about money and how it is earned. Money is neither good nor bad; money is just a power that allows an individual to have anything another person agrees to give in return for the money that is offered. If you think having money is a good thing and more money can be earned not by being meager and by looting people but by doing hard work and helping people, you will have no problem in managing money like some of the millionaires do.