One of the hardest parts in finance is knowing how to manage your cash flow, knowing how to manage your cash flow is related to your priorities because if your priority is wrong, it is most likely that you won’t manage your cash flow very well. We have people that have access to a lot of money every month, but at the end of the day they can not account for how they spend the money and this is because they prioritize liability, want, and things with less value over everything else. To understand what you should prioritize, it is down to you having experience or people sharing their experience with you.
A very good example of this is how people save money to purchase goods on Black Fridays. Some people even borrow money to buy things in groceries when they are cheap but most people don’t have the same energy to buy stock when they are selling cheap or to buy crypto when the market is in a bloodbath and this is because they have a different priorities. Their priority is what goes into their mouth and how they look, but not in their future. It is important to understand that when you sell it not when you make the gain when you make the gain is when you buy.
Mindset sets us apart
When the price of stock increases, that’s when you see most people come around to buy, the same thing goes with crypto and every investment because that is when people see the need to buy when they start hearing stories about how people become financially free just because they invest in crypto or stock market. This is why people should understand they should get priority right and most times people like this lose their money to people to pay investors and smart traders. This happens because of a simple reason: they are getting in late instead of getting in early. They are getting in late.
What most people don’t understand is that you make a profit when you buy, when you’re able to identify the market and buy at a very cheap price, and as long as you are not selling at the buying price any profit is a profit. When you buy an asset at a cheap price is mostly guaranteed that you’re going to sell in profit. This simply means that you make a profit when you buy not when you sell, but most people are after selling, People prioritize buying when things are high and this is the kind of mindset you need to change. When you understand that buying when the market is in a bloodbath or when everybody is running away, it will make all the difference a simple change in mindset can change your life
Get your mind right
When it comes to money, the major difference between people that are making it big and people that are struggling is just a mindset. When you have a good mindset it is more likely that you get more out of the market, and your society because when people see danger, you will mostly see opportunities when people have misplaced their priorities, You will get your priorities right. Sometimes little things you know will make all the difference, there are answers out there for everybody to see, but it takes so prioritizing priorities to see a big difference and change in our life.
Thanks for your time.