The Money Game - understand it and be a better player
What is "the money game?" Is it a board game like Monopoly? A card game like Go Fish? A guessing game like Button, Button, Who has the Button? A game of Hide and Go Seek? Or, is it like Follow the Leader?
It's a little of all of these games and more.
Regardless, it's a game that you'll need to learn well if your plan for frugal living is going to be successful.
There are only a few simple concepts, and understanding these will help you be a better player. Being a better player means you'll be a better money manager, and you'll improve the outlook of your personal finances.
Manage your money better by knowing how to play the game, and knowing when you're "being played."
Let's start out by saying that money isn't evil - it's a useful and effective mechanism in the marketplace. Having a lot of money doesn't make you a bad person, anymore than having very little of it would make you a bad person.
If there is a judgment to be made about people and money, it should be made based on how well they play "the money game" and how ethically they play it. Much of our success hinges on how we see money, so here is my perspective on the value of money.
Let's learn about the basics of "the money game" and then see how some folks play it. There are 12 basic elements to understand. This isn't a "12 step program", that's just a coincidence, honestly.
Here are the basic concepts of The Money Game:
- Learn what money is - understand it's value and limitations. It's a good place to start. Let's find out what money is.
- If you're going to play "the money game," you'll need to find out where the money is. Your job is to get yourself some, so you'll need to know where to start looking.
- Nearly everyone is getting money in one way or another, so it would be in our best interest to understand how to make money, or at least how to get it. From earning it to taking out a cash advance, there might be some ideas that you haven't thought of.
- To more effective at getting your share, it would be great to know why people spend money. To earn more, you'll need to influence people to spend more, so it's nice to know a little about their motivations.
- Learning about how money is spent will help us identify ways in which we might make it easier for people to part with their money.
- There are "seasons" for spending money, so we need to understand when people spend money. We'll get more income if we're working "in season" than if we try to fight against the natural times people are inclined to spend money.
- Unless you're able to get great big piles of money all at once, it's best to earn regular income. Regularity with respect to income helps make our lives easier to manage.
- Playing "the money game" isn't going to be much fun unless we can earn sufficient income to meet our needs. It's an important concept - more important than having regular income.
- If you're going to make something special happen in your life, you'll need to save your money for larger non-recurring purchases. Money is much more effective if you have a bunch of it to apply to address the needs and desires of your life.
- There are those individuals out there that play "the money game" with a different set of rules, so you need to protect your money from thieves, con artists and others running scams.
- After a long time of working for money, it's about time to make your money work for you. Being a player in "the money game" requires that you stay on your toes and work hard, but there comes a time when you should be counting a bit on your hard working money too.
- Playing this game wouldn't be nearly as much fun if it didn't include spending money as well. It's okay to spend it, just do it wisely so you don't reduce it's value.
Take a look at each of these elements of "the money game" in some detail, and see how things work. Learn concepts of the game and be a good player. Your financial health depends on it.
Know when you are engaged in the game so you can make wise decisions. Also, know when others are engaging you in the game.
The old saying "a fool and his money are soon parted" isn't just an old saying, it is truth staring you in the face. It seems that this game isn't for fools, or for people foolish enough to ignore the basic concepts of the game.
If you're interested in other useful adages, see these sayings about money. They can help us play the money game better when we understand the experiences behind the sayings.
Done with The Money Game, take me back Home