Protect Your Money - concept #10

It should be obvious that it's good to protect your money. Sometimes the obvious escapes us, so I'm here to tell you to keep it safe.

Just remember that there are lots of people out there trying to get your money. See concept #3 of the money game.

A bank is a good place for your money. A safe is another good place. In or under your mattress is not a good place. A cookie jar is also not a safe place for your money. Consider these places off the "playing field" when it comes to the money game.

Remember, you worked hard for your money. You exchanged your talents and time to obtain it, so you need to keep that exchange medium as safe as possible. Protect your money when it's in storage, when it's on your person, and when it's given to others as payment.

I remember some dolt in the City of New York that was standing out in front of a bank for an interview with the media. He had apparently taken out all of his money and put it in a shoe box for safe keeping, like the banks were going to collapse at any moment.

He thought that under his bed was a good place for it, and he also must have believed that a shoebox with a modest amount of cash in it needed to be announced to the world.

It was no wonder to me that the guy's pile of cash was pitiful looking. If he has that sort of approach to keeping his money safe and keeping quiet about it, I can imagine that his approach to other parts of his life, like making sufficient income, aren't much better planned nor implemented.

Done with Protect Your Money, back to The Money Game

There certainly is a broad scope of topics here at Frugal Living Freedom. When you think about it, money permeates so very many activities in our lives, therefore, being frugal encompasses a wide range of interests, from being employed to taking a vacation, and just about everything in between. Enjoy the variety, pick up some new ideas, and start making frugality a part of your signature.

I'm a big proponent of being debt-free, and I mean entirely debt-free - no mortgage payment. It's not essential for financial freedom, but you'll love the feeling once you get there. If you didn't have a rent or mortgage payment, how much more could you do for yourself with your current level of income? I suspect plenty.

If you ever hope to see an abundance of wealth, you need to plug the hole in your boat. The wealthy don't necessarily make lots of money, instead, they know how to hang onto what they make, and make it work for them.