Stop Calling Your Income Disposable!
February 6, 2009
While driving home tonight from dinner I was having a conversation with Ray Stendall about how I built up disposable income for my new car. It struck me that the term “disposable” is a terrible term for individuals to use. It inherently makes you think of money as something that gets thrown away. Stay with me on this thought… If you think of money as something to be thrown away it means that you do not value it or respect it because its “trash.”
When it comes time to allocate where you spend money and how you decide to manage your income you will make different decisions if you change the way you talk about money. I challenge you to think about money as an investment. Say “I invested” in buying, food, clothes, paying rent, buying books or spending money on building my business. The fundamental shift in your thinking will over time change the way you spend money and your relationship to it.
By respecting money and taking it from being disposable to an investment you will have much better control of what happens when it comes time to balance the checkbook at the end of the week. Eventually you will also start to make mental choices you never thought possible. I personally want to continue to build my business. When I go out or make choices about where to spend my money, I think to myself “can I invest this” in my business or am I going to take the instant gratification that this purchase provides. It makes a difference. Often the smallest change in habits, especially your thinking habits, pay the biggest returns.
Christina Helwig
www.GlobalSuccessILG.com
Comments
One Response to “Stop Calling Your Income Disposable!”
Got something to say?
You must be logged in to post a comment.
Yes it’s a very good post and perspective. The words we use do have a great impact on how we feel about money or our lives… Investment sounds like a good term to start.
Cheers!
Kevin