Category: Finance

Our organism is the whole Universe. The human brain is still being actively studied. But already now there is basic knowledge that allows us to understand human behavior in certain situations.

For example, you lost money. It may have been a bad investment. Or you bought something, it broke, and you cannot return what you spent.

What do you feel?

• Chagrin?
• Insult?
• Devastation?

You think, “Life is pain.”
But millionaires don’t think so.

For example, I invested $ 50,000 and lost. I think: “Great Nina. You’ve had a great experience. Don’t do that again. Next time, take a consultation from an expert or go learn it. “

And if I am not sorry to lose money on investments, because I know how to restore it there, then in my business, I feel sorry for them.

If I invested, conditionally, 200 thousand bucks in advertising, and received nothing, I was offended. Once upon a time, I didn’t have enough advertising experience. And now this experience has been gained, and it is no longer so important how much to lose. Because I know this is a test. It didn’t work, let’s move on.

Our thinking depends on what experience we have accumulated.

But very often, people attach their thoughts to their experience.

60-70 thousand thoughts a day rush in our head . Of these, 90% are negative , the repetition is the same:

“I am not worthy. I cannot make a lot of money. I am losing money. ”
And only 10% are our conscious desires .

The only thing we can do is start controlling them.

Just remember your state when you really want to go on vacation, and you clearly knew which country, which hotel. Did you manage to go there? I am sure that the majority succeeded.

So it is with other desires. For example, you want $ 1 million. You have to place this in your conscious desire.

At the last “Count Your Money 4.0” marathon, I asked the participants to write down their negative attitudes.

If you are now at that point that does not suit you, and you have written up to 10 installations, I recommend that you work on them still.

Even I have more than 10. Despite the fact that I have been working on them for more than 3 years, I have worked more than once, a large number of installations with a coach, a psychologist, I come to meetings in the Club with a psychotherapist in our Club, I have what to work on.

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In our online communication, I often suggest asking a question about personal finance that worries you and guarantee that you will receive an answer.

This article answers the questions of those who use every opportunity to understand financial issues and improve their financial well-being.

A must-read for those who want to achieve success not only in finance, but also in other areas of their lives. After all, not a single sphere of life changes the rest as much as the financial one!

Do not keep all your assets in dollars.

If you only believe in real estate and do not recognize other investment instruments, do not buy only the dollar, because it will always depreciate.
Let me give you an example.

The other day I met with a client who bought a luxury apartment until 2014. At that time, in dollar terms, she gave 1,000,000 for it.

Now she has decided to sell this apartment.

How much do you think it costs now?

In dollars, an apartment costs 500 thousand dollars . That is, the person lost half a million dollars in the apartment .

And if this apartment was for rent. How much income would you receive as a result?

Therefore, if someone has an apartment, calculate how much you have lost. Consider that you not only receive rent, but also pay taxes on it, keep it in working order.

I assure you, if you just kept this money in dollars, you would be in a bigger plus than renting this apartment.

However, simply keeping money in dollars is also not effective, because they depreciate at the inflation rate . But that would definitely be better.

And it doesn’t matter how much you have – 30 million, one million, 500 thousand. You don’t have to keep all your money. All the more so if you want to save up for retirement. It’s definitely at least a dollar. Because it is in dollars that there is a huge selection of instruments.

There are much less of them in euros. There are even fewer of them in pounds. This does not mean that these tools do not exist. Just more instruments in dollars. And for this very reason, I often recommend the dollar. Even if the person lives in Europe.

But if a person is convinced that he needs to invest in euros, then he can also invest in euros. Some brokers and some financial institutions also open euro accounts.

Don’t put all your eggs in one basket .

Once upon a time, clients came to me who invested 10 million dollars in shares of oil and gas companies.

What do you think is happening with their portfolio now?

They lost half of their capital . Just out of stupidity. The manager simply said that these companies will grow. And he put in his portfolio only companies in the oil and gas sector.

In other words, they made a long-term investment and no one followed this portfolio for 10 years. They themselves did not follow, the broker’s manager did not need this either, he was not paid for support. And as a result, after 10 years they got a negative result, lost half of the accumulated capital.

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Just standing and looking at the bike from the side doesn’t work. Therefore, you need to understand that money is just a tool. While the children are small and do not earn, you should give them away. If they don’t have money, they will not learn how to manage it.

Let them make all the mistakes from 5 to 16, than start making these mistakes from 18 to 30, lose a bunch of millions and tell their fakups at 30. If we want children not to waste precious time from 18 to 30 years old, the sooner they need to be taught. All this will be beneficial.

When wealthy people come to me, they often ask the question: “How can I get my child to clean his room? Pay him for this? “

I always say this: if you are willing to pay someone for this work, then there is nothing wrong with paying the child for it. You either need to show by example that I clean my room, and you please clean yours. Either you say yes, I’m willing to pay you.

They are always tied to the transfer of responsibility. If the child is small, then he has little of it. And responsibility grows with age. And the more responsibility, the more money. By the age of 18, he should have a large salary until he starts making money himself.

Thus it is necessary to stimulate the child to earn money. If this is not done, the child will grow up infantile and will not do anything.

I really liked what you said about values. Of course, everything in the family should be based on values.

I can always afford the child both to pay and not to pay for some household chores. Only because the family has values. And the child always understands what she is paid for, or understands what she is not paid for.

With this it is better to go to a psychologist. You have the wrong interaction with your child if you think it is wrong to pay your daughter or son for help. This is your inner world, in which there are expectations that the child owes you something.

I believe that my child does not owe me anything. And I have to at least: food, education, and protect it until the age of 18. Until the age of 18, he came to this world for another. I don’t see anything terrible if my child does something for free. But if she offered me paid help, why not pay her.

I do not satisfy all her wishes. And the child has a need for money. Therefore, at the level of her age, she thinks: “How can I help?” The main thing is to teach the child to think like an entrepreneur. What can I do and get paid for it. She does not regard this as helping her mother, but understands that it is possible to do this task precisely and I can be paid for it.

In the beginning you give to him every day, because the child cannot distribute the money yet. If you issue a weekly budget, he will immediately spend everything.

When we see that a child is doing well, usually at 8-9 years old, we give him a budget for a week. And when you see that the child is coping with this budget, you give him money for a month.

Your task is to teach your child to distribute the money given out for a week, and from the age of 10 to teach how to distribute for a month. Otherwise, he will not learn to manage his budget.

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