Stop Being Broke! 7 Habits of Highly Effective ‘Personal Finance’ People

Okay, I confess this article is not about all the seven habits from Steven Covey’s bestselling classic ‘The 7 habits of highly effective people’. But it borrows heavily from the book.

(By the way, that is one of my top 7 favorite books, you should read it if you haven’t. Of course, the book is so popular and effective that it has spawned a couple of other titles such as ‘7 Habits of Highly Effective Teens’ by Sean Covey, ‘7 Habits of Highly Effective Marketing Professionals’ by Steven Covey, and the sequel ‘The 8th Habit’.)

The priority of prioritizing
This article is about helping you stop being broke every month, year, and decade, by looking at one habit that can keep you perpetually poor if you don’t handle it.

Stop Being Broke! 7 Habits of Highly Effective ‘Personal Finance’ People

Okay, I confess this article is not about all the seven habits from Steven Covey’s bestselling classic ‘The 7 habits of highly effective people’. But it borrows heavily from the book.

(By the way, that is one of my top 7 favorite books, you should read it if you haven’t. Of course, the book is so popular and effective that it has spawned a couple of other titles such as ‘7 Habits of Highly Effective Teens’ by Sean Covey, ‘7 Habits of Highly Effective Marketing Professionals’ by Steven Covey, and the sequel ‘The 8th Habit’.)

The priority of prioritizing
This article is about helping you stop being broke every month, year, and decade, by looking at one habit that can keep you perpetually poor if you don’t handle it.

DAY 16: TIME IS MONEY

Credit: community.tradeking.com

Huh? What did you say? Someone told you ‘Time is not money’? Yeah, who was that?

Me?!

Oh, yesterday? Well, I am not changing my mind today but listen to this.

Someone once said that we should imagine every second of the day as $1. That is, if every second of your life was $1 dollar, will you still spend it the way you have been spending it?

He said that we all wake up with ‘$86400’- 86400 seconds, everyday in our time account. How we spend it determines whether we will be successful and rich, or not.

DAY 16: TIME IS MONEY

Credit: community.tradeking.com

Huh? What did you say? Someone told you ‘Time is not money’? Yeah, who was that?

Me?!

Oh, yesterday? Well, I am not changing my mind today but listen to this.

Someone once said that we should imagine every second of the day as $1. That is, if every second of your life was $1 dollar, will you still spend it the way you have been spending it?

He said that we all wake up with ‘$86400’- 86400 seconds, everyday in our time account. How we spend it determines whether we will be successful and rich, or not.

DAY 15: LISTEN, TIME IS NOT MONEY!

You don't need more money, you need more time, productive time. Effective use of your time will make you more efficient. And when you are more efficient, you will make more money. (In case you have forgotten your Physics 101, lol  -Effectiveness is doing the right things, while Efficiency is doing things right.)

OK, how does this apply to your finances?

DAY 15: LISTEN, TIME IS NOT MONEY!

You don't need more money, you need more time, productive time. Effective use of your time will make you more efficient. And when you are more efficient, you will make more money. (In case you have forgotten your Physics 101, lol  -Effectiveness is doing the right things, while Efficiency is doing things right.)

OK, how does this apply to your finances?