Let me tell you…It gets interesting.
Below are 5 common money mismanagement categories most people fall into:The DJThe CookThe MimeThe OstrichThe Excel JockeyAnd these types of people add A LOT of unnecessary stress.Let me explain:
The DJ – The DJ brings a ton of energy initially and is super enthusiastic about building wealth but forgets that it is a long-term game. If the DJ thinks investing is no longer sexy, the DJ hops to the next sparkly investment or advice without sticking to the strategy for the long term.
The Cook – The cook always asks for help. The cook doesn’t believe that one system is good enough and asks every advisor, their best friend, and their best friend’s uncle for advice. Too many cooks in the kitchen. AKA too much advice, too many different opinions from too many sources.
The Mime – The mime is the silent one. Instead of speaking up and asking questions, the mime sits back and listens without taking financial action. The mime might also hope their loved ones will take action for them. The mime never questions advice. They take it for granted, and they run with it.The Ostrich – The ostrich buries its head in the sand when it senses danger. Instead of facing the facts and asking for help, the ostrich ducks away and hopes something will change (it won’t).The Excel
Jockey - If Excel was an extreme sport, the Excel Jockey would be the Olympic Gold Medalist. The Excel Jockey spends hours upon hours in Excel or other complicated data aggregation tools. They think numbers will make their financial troubles go away. But, what they fail to realize is that overanalyzing will stop you from acting (ever heard of analysis paralysis?).But there is one more type of person that I haven’t listed yet…And if you fall into this money management category, then you can improve your entire financial life.Enter the Sloth…
The Sloth – The Sloth hates wasting energy. Sloths are some of the most patient animals in the world. They sleep for 15 hours a day. They are chill. They go on their own path without distractions. The sloth investors are lazy millionaires. They want to simplify their financial lives – not overcomplicate it. So they automate their debt pay-off strategy, their savings strategy and their investment strategy. They “set it and forget it.” And they are capable of waiting for the long-term benefit.The Sloth is my favorite by far.The sloth investor follows the slogan, “out of sight, out of mind.”So they can spend their time on important matters:FamilyCareerFriendsBusinessAutomating your financial life is one of the best hacks to get rid of money stress once and for all.But remember, that’s just one piece of the millionaire pie.If you want to optimize your financial life – AND stop worrying about money – then you have to first change your ENTIRE money mindset. Strap in & stay put 😊 #BinanceTournament #BRC20 BRC20#BTC