Real money advice from people who have made loads of it…

As you may already know Monese is all about giving you fast and easy access to your money, from wherever you are. We also want to make sure you always have the best, most up to date information about making, growing and managing your finances.

In a similar vein, we appreciate good advice when we see it, and this article is all about sharing good money thoughts straight from where it matters most – people who have made lots of it, so they know what they are talking about!

Thoughts on saving and frugality

We should all be saving, whether it’s for retirement, buying a home or a nice new car. But often it’s hard to save when you have things you want right now or you feel like your overheads are eating away at too much of your earnings. But in reality, we need to change how we think about saving. Rather than saving being a chore, it’s really ‘investing in your future’. Here are some thoughts that might help to keep you on track with your savings goal.

Creator of the global marketplace Amazon, Jeff Bezos has some wise words on being frugal – ‘I think frugality drives innovation, just like other constraints do. One of the only ways to get out of a tight box is to invent your way out.’

It’s all too easy to have some spare cash and spend it. Joe Moore gave some good advice when he said ‘a simple fact that is hard to learn is that the time to save money is when you have some.’

Having savings also gives you a sense of calm, knowing that you have a backup in case of emergencies. It also means that you are not living in a constant state of stress – having to live month by month. Sir Henry Taylor advises ‘the art of living easily as to money is to pitch your scale of living one degree below your means.’

Thoughts on getting wealthy

Most of us dream of becoming rich, to have lots of money and all the perceived freedoms associated with being wealthy. We work hard with the aim of one day having enough money to not work. But is this how riches are made? Is working for your paycheck every month going to get you nearer to unlimited wealth?

David Bailey believes that to truly be wealthy you need to ‘be making money whilst you’re asleep’ which is where having a side hustle comes in handy.

Felix Dennis agrees that working a day job is not going to give you the riches you are looking for. He said ‘You’ll never get rich by working for your boss.’

On the other hand, it’s important to remember that having money does not necessarily change you as a person. W. C. Fields said ‘A rich man is nothing but a poor man with money.’ So don’t think that having money makes you any different from not having money, it will just allow you to drop financial stress from your life.

Money Philosophy

What is money to you? Are you someone who is driven by it, or is it just a tool for living? Do you think of money as being one of the most important things in your life and are your willing to do anything to get more of it?

Something to remember about money is that you will more than often have to work for it, and that doesn’t stop when you have made money. Ayn Rand says ‘Money is just a tool. It will take you wherever you wish, but it will not replace you as the driver.’

Is making money the marker of success and the root of happiness? Franklin D. Roosevelt didn’t think so. He said ‘Happiness lies not in the mere possession of money. It lies in the joy of achievement, in the thrill of creative effort.’ In terms of making money Marsha Sinetar says ‘Do what you love and the money will follow.’

Also, Jonathan Swift shared his thoughts about the pursuit of money, ‘A wise man should have money in his head, but not in his heart.’

So when it comes to making and then enjoying money, remember that money is a tool that helps you to reach the final goal of feeling happy and fulfilled.

Photo credit: Images_of_Money


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