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The Most Important Money Lesson I’ve Ever Learned

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If you’d like to learn how to care for your money so you can make it grow exponentially over time, sign up for the free 90-Day Master Class hosted by the founder of Addicted2Success.com, Joel Brown.


Airports are a strange place. Time feels like it does not exist, massage places occur right next to restaurants, and strangers will talk to anyone within sight. It only seems fitting then that I got one of the best pieces of advice from this place where water is worth its weight in gold. I was waiting at the terminal in one of the eternally sticky polyester chairs, and I set my purse on the floor. Immediately, a woman looked up from her magazine at me and said, “Don’t put your purse on the ground.”

Initially, I thought it was for safety reasons, like making it an easy target for pickpockets. This woman proceeded to tell me that by putting my money on the ground, I am disrespecting the value of the work that went into obtaining it. The more I thought about it, the more it made sense.

When I put my money on the ground, I showed less pride in it by failing to keep it in a safe place. I was neglecting it, leading to the possibility that it could be stolen or lost.

If we don’t want to leave our money in a state of disarray in our purse or wallet on the floor, then why would we have the same mentality toward the organization of our budgets and business accounts?

Show Your Money Its Worth

Money’s worth may be determined by the markets on any given day, but it’s true value differs for each individual. In your budgets, you want to make sure you have employees that augment your understanding of what your services are worth.

Look for people who will work well with your company by fitting into one of two categories. In business, it is a common error to think one person can do multiple roles and save you more money as a result. Realistically, you cannot get everything out of one person, and it is more cost effective to have two people do more specific jobs for less hours.

Also make sure your employees respect the resources you decide merit your money. If they do not see what a program or campaign costs, there is greater the possibility of misusing or misunderstanding the materials. Showing pricing saves you money, because by attaching a value to a service, there is less likelihood of overspending on a project.

“Measure your wealth not by the things you have, but by the things for which you would not take money.” – Dave Ramsey

Don’t Take Your Money for Granted

Like the purse on the ground scenario, when you let your money out of your hands, you lose control over it. Automatic payment systems are both a blessing and a curse with how easily money can be transferred for services.

If there are non-essential or necessary autopay systems you have set up, monitor it monthly so you are keeping track of where money is going in your budget. Check your accounts to ensure it is not being used for an unnecessary expense that you may be unaware of. Also, contact your vendor to see if there are promotions you may be missing. If you do have to keep an automatic payment system, make sure to set up alerts, so you have a realistic grasp of your finances.

Ask About Your Money

If I had never questioned the woman in the airport, I would have never had that life-changing lesson about managing my budgets in business. This questioning mindset for your finances particularly benefits your assets when negotiating. When bargaining, there are two ideas to keep in mind to save costs.

The first is when working with another party in a deal, know there are more options than just money. The goal is creating an exchange that accommodates both parties’ demands, trading resources like people or time. By substituting these other options in a negotiation, you allow for your money to be spent on other important items in your budget.

When dialoguing with another company, it is important to focus on more than just making an exemplary agreement with them..Oftentimes, we want to offer a bargain, so we cut down the price of our services or product. By doing so, we devalue our company, because we now accept less money for a service and a smaller amount of revenue. When negotiating, we must not lose sight of the goal just for the sake of possibly gaining a sale.

“If you would be wealthy, think of saving as well as getting.” – Ben Franklin

If I had never put my purse on the floor of that airport, I would have lost an opportunity to learn one of the most important tips about money I have experienced in my life. Money is portrayed as being most powerful when spent, but there is often more success in saving. By valuing and caring for your money through budgeting with these mindsets, you are creating a legacy for a prosperous business. So as you visualize your life, take today to organize your dollars and, please, learn from my mistake of never putting your money on the ground.

What’s the most important money lesson you’ve ever learned? Share it with us below!

Nancy Solari is an inspiring example of living life with a positive mindset, regardless of the challenges you face. At sixteen, she was diagnosed with retinitis pigmentosa: a progressive retinal disease that leads to blindness. Over the years, Nancy experienced significant vision loss, but refused to let this dissuade her from following her dreams. She obtained a BA in broadcasting and psychology from the University of Oregon, worked for Good Morning America and Entertainment Tonight, had a successful singing career, and was a top-producing Realtor in Southern California. Nancy went on to obtain a life coaching degree, and launched Living Full Out in 2008 to help others achieve their goals. An accomplished coach, speaker, and host of the national radio show, Living Full Out with Nancy Solari, she shares her tools for success with audiences and organizations all around the country. See her YouTube for more.

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Success Advice

20 Ways You Can Become a Powerful Communicator

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Emile Steenveld Speaker and Coach

Some people seem to naturally know how to effectively communicate in a group setting. They can express themselves clearly and listen attentively without dominating the conversation.

Being a powerful communicator is important for several reasons, including building and maintaining relationships, achieving goals, resolving conflicts, improving productivity, leading and influencing others, advancing in your career, expressing yourself more confidently and authentically, and improving your mental and emotional well-being. Effective communication is an essential life skill that can benefit you in all aspects of your life.

But, don’t worry if you don’t naturally possess this skill, as effective communication is something that can be developed with practice, planning and preparation.
 

1.  Listen actively: Practice active listening by giving your full attention to the speaker and responding to what they are saying.

 

2. Use “I” statements: Speak from your own perspective and avoid placing blame or making accusations.

 

3. Avoid assumptions: Don’t make assumptions about what the other person is thinking or feeling.

 

4. Be clear: Express your thoughts and feelings clearly and concisely by getting to the point and avoid using jargon or overly complex language.

 

5. Show empathy: Show that you understand and care about the other person’s feelings.

 

6. Offer valuable insights: When speaking in a group, provide a valuable takeaway or actionable item that people can walk away with.

 

7. Be an active listener: Listen attentively and respond accordingly, incorporating your points into the conversation.

 

8. Choose the right time: Pick the most opportune time to speak to ensure that you have the group’s attention and can deliver your message without interruption.

 

9. Be the unifying voice: Step in and unify the group’s thoughts to calm down the discussion and insert your point effectively.

 

10. Keep responses concise: Keep responses short and to the point to show respect for others’ time.

 

11. Avoid unnecessary comments: Avoid commenting on everything and only speak when you have something important to say.

 

12. Cut the fluff: Avoid being long-winded and get straight to the point.

 

13. Prepare ahead of time: Sort out your points and practice them before speaking in a group.

 

14. Smile and be positive: Smile and nod along as others speak, to build a positive relationship and be respected when it’s your turn to speak.

 

15. Take responsibility: Take responsibility for your own actions and feelings.

 

16. Ask questions: Ask questions to clarify any confusion or misunderstandings.

 

17. Avoid interrupting: Allow the other person to finish speaking without interruption.

 

18. Practice active listening: Repeat what the other person said to ensure you have understood correctly.

 

19. Use your body language too: Use nonverbal cues such as eye contact, facial expressions, and body language to convey your message and build rapport.

 

20. Be aware of the tone of your voice: it should be calm and assertive, not aggressive or passive.

 

By keeping these tips in mind, you can improve your communication skills and become a more powerful communicator, which can help you build better relationships, achieve your goals, and lead a more fulfilling life.

I you want to learn how to become more confident in life then you can join my weekly mentorship calls and 40+ online workshops at AweBliss.com so you can master your life with more success.

 
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Success Advice

Dead Men Tell No Tales: How to Navigate a Mutiny as a Leader in 10 Steps

You’re the manager. You’re the supervisor. You’re the leader. But maybe your people don’t see it that way

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You’re the manager. You’re the supervisor. You’re the leader. But maybe your people don’t see it that way and perhaps that has created a divisive and adversarial working environment that makes it difficult for you to influence and inspire your team in a way that meets your vision. (more…)

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Success Advice

How to Think Like a CEO for Your Future Success

A blueprint for CEOs to draw a disciplined strategy

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Strategic thinking helps CEOs build successful businesses. It helps them establish everlasting enterprises. It is one of the key elements of decision-making. It is different from strategic leadership. It differentiates between leaders from managers.  (more…)

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How to Focus Your Mind on Your Goals in 2023 Constructively

In this world of distractions due to information overload, it has become a big challenge to focus our minds

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In this world of distractions due to information overload, it has become a big challenge to focus our minds on positive aspects and constructive activities. Sometimes we waste our precious time mentally and physically due to distractions arising out of technology. We must understand our priorities and learn how to focus on them religiously. (more…)

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