This is the foundation. You can’t manage or multiply what you don’t first earn. Making money requires skills, effort, creativity, and sometimes risk-taking. It comes through employment, business, or solving problems people are willing to pay for. The key here is value creation — the more value you offer, the more income you can attract.
Principle: Focus on building skills and offering solutions that people need. Money flows where value lives.
2. Managing Money
Many people make money but lose it because they lack management skills. Managing money means budgeting, saving, controlling spending, and setting financial priorities. It’s the discipline of telling your money where to go instead of wondering where it went.
Principle: Don’t just earn — learn to keep. Create a budget, avoid reckless debt, and build an emergency fund. Wealth is preserved by management, not just income.
3. Multiplying Money
This is where true financial freedom begins. Multiplying money means putting your money to work — through investments, assets, or ventures that generate returns. It could be in stocks, real estate, businesses, or other investment opportunities. Instead of working for money alone, your money starts working for you.
Principle: Focus on assets, not liabilities. Invest in things that grow in value or generate steady cash flow.
Rukkybabe
42 days agoCORE MONEY SKILLS YOU MUST MASTER
1. Making Money
This is the foundation. You can’t manage or multiply what you don’t first earn. Making money requires skills, effort, creativity, and sometimes risk-taking. It comes through employment, business, or solving problems people are willing to pay for. The key here is value creation — the more value you offer, the more income you can attract.
Principle: Focus on building skills and offering solutions that people need. Money flows where value lives.
2. Managing Money
Many people make money but lose it because they lack management skills. Managing money means budgeting, saving, controlling spending, and setting financial priorities. It’s the discipline of telling your money where to go instead of wondering where it went.
Principle: Don’t just earn — learn to keep. Create a budget, avoid reckless debt, and build an emergency fund. Wealth is preserved by management, not just income.
3. Multiplying Money
This is where true financial freedom begins. Multiplying money means putting your money to work — through investments, assets, or ventures that generate returns. It could be in stocks, real estate, businesses, or other investment opportunities. Instead of working for money alone, your money starts working for you.
Principle: Focus on assets, not liabilities. Invest in things that grow in value or generate steady cash flow.
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