Learn Practical Money Skills to Make Wise Investment Decisions

There are many ways to invest money. However, learning practical money skills should be the first approach in any investment opportunity. Learning these skills will help you achieve financial freedom and open the doors for ways to invest money.

Practical money skills goes beyond learning how to invest in stock, bonds, real estate, foreign currency, and gold. These skills are about what to do with your money so it serves your personal growth.

Why is personal growth important? And, why should you invest for your personal growth?

Investing your money into different markets and return on investment strategies are wise things to do. If you ever want to achieve financial freedom, creating passive sources of income is the way to go. However, most investments fail and lack to provide a positive return because the individual fails to become a “big enough” person to handle and invest wisely.

Sure, some investments are more attractive and better, but 99 percent of the time investments succeed because of the person investing in them, not the vehicle. There are thousands of people succeeding right now in real estate investing, while thousands of other people are failing tremendously. There is a solution and a strategy for every market condition. All it takes is some creative thinking and a understanding of the laws of the universe to succeed in any endeavor.

Where most people fall short is that they hear economic turmoil and crashes coming, then they pull out trying to avoid that situation. Then, they let there money sit in a non-interest bearing account wasting months or years of not earning a return. Or, some individuals let there money ride in a dead beat investment thinking that it may turn around some day. Chances are a turn around is unlikely and they lose all of their money.

Most individuals succeed in any investment because they first invest in their personal growth. Personal growth is your greatest asset. It's the only asset that you have complete control over. Once you make it a habit of putting energy to your own growth, your investments will grow and be secure all the time.

Financial security and personal security do not reside outside of you. Security is not in your job, retirement fund, investments, and relationships. There is a false sense of security in material possessions and physicality. You're guaranteed to lose both at some point in your life through your decision making or at your death. Either way, it's going to happen.

You can see this proof right now in our economy. The trust of corporate America is going away. Job-loss, the financial crash, and the real estate bust are not financially secure investments anymore. Markets come and go, eventually the economy will rise again and a new level of growth will occur. You have seen this throughout history. There is no reason to panic. Study the law of rhythm and you'll see that it's necessary for the economy to downturn in order for growth to happen.

Your circumstance may be terrible right now, but that is a signal to grow. The universe is always working in your favor. Study this website and you'll understand this truth.

Money is a magnifier of who you are. If you earn millions of dollars through an investment and you're not a big enough person to handle that amount of money, you will lose all of it in no time. If you don't believe me, do a search on the result of past lottery winners and you'll find that winning the lottery has been the worst experience of their life.

Money doesn't solve problems, it only magnifies them. If you think your going to have more free time to spend with your family once you get more money, you won't. If you think you'll get rid of all your debt with more money, you won't. I know you may want to try this, but the first thing you need to do is invest in your personal growth.

If you want to earn millions of dollars, you have to become a million dollar person. Just like if you want to become a professional hockey player, you have to achieve the skills of a professional hockey player. Same goes with earning thousands of dollars.

Earning a million dollars brings a millionaire's challenges. It's illusion to think otherwise. There are no free rides and there is always a price to pay for greatness.

So, the purpose of investing in your personal growth is to grow yourself to reach higher levels of consciousness. Reaching higher levels of consciousness gives you the ability to embrace and conquer bigger challenges.

The bigger the challenge, the bigger the game you are playing. When you can sustain major challenges, you are playing in a big game. Playing a bigger game equals bigger results. When you succeed in playing the bigger game, you grow to a higher level of consciousness.

For example, real estate developing can be a risky game. There is a potential to win big or lose big. Many people fail big time in real estate and are stuck with a financial mess. However, if those people take the right attitude, they can find the “gem“ in their apparent financial mess.

Those people who find that “gem” will eventually win big because they grew to a higher level of consciousness. The people who don't take the right attitude, well, they are stuck with a financial mess and loss in consciousness.

Donald Trump is a prime example of finding that gem in his apparent financial mess. Sometime in the 90's, Trump filed for bankruptcy owing billions of dollars in debt. Billions! The attitude he took was a resilient one. In a post interview, shortly after his bankruptcy, he said, “You haven't seen the last me, I'll be back!”

Well, Trump was right. He did bounce back and earned his billionaire status again. This makes you think, doesn't it? For most of us it would take 10 life times to earn a billion dollars. This just goes to show you that earning money is about learning practical money skills.

Learning practical money skills serves your personal growth. Donald Trump, Bill Gates, Andrew Carnegie, and John Rockefeller understood the relationship of personal growth to earning money.

What you want to do is learn practical money skills, so you can invest your money and time into becoming a bigger person. How you invest is two fold:

1. Investing in yourself for the vision you want for your life.
2. Creating a money management plan to support your vision.

So, let’s dive into the original purpose of this article: what to do with your money so it serves your personal growth.

Investing your money is the key to using practical money skills correctly and to achieve financial freedom. Investing from a personal growth standpoint means money is the servant and you are the master. You control money and you tell money what to do, where to be, and how to earn you more.

Most people work for money. Actually, 96 percent of the population will work all their life to earn money. Let me tell you, it doesn't have to be like that. If you don't want to work hard for the rest of your life, you have to learn how to use practical money skills so it serves your personal growth.

Practical money skills means using money to serve your personal growth by making money a tool to support your life's vision. You do this by making decisions based on the direction you want to go in and what you value in life.

For example, Let's say one of your goals in life is to earn passive income in real estate investing. When the opportunity and intuitive nudge arises, you jump on the opportunity and invest that money.

This type of decision making is a “no fail” approach. When you let money serve your vision, at some point you'll always come out on top.

This is a totally different mindset. Life is not all about earning money. If you have nothing to put money towards, what's the point of earning money? It's your vision that makes you come alive. That's the reason you want the money in the first place.

You can always tell what people value by where they invest and spend their money. As part of your practical money skills, I challenge you to keep a daily log of your expenses. Do this for a month and you'll get a great picture on whether or not you're investing or spending.

Are your days filled with buying coffees, tobacco, snacks, toys, and paying the bills? That stuff is considered spending, not investing. Spending is the fluff---expenses, luxuries, and unnecessary goods. It's the “stuff” you can live without.

Investing is using money to provide value in your life. These are considered assets. You may have learned that assets are anything that puts money into your pocket----real estate, stocks, bonds, hedge funds, IPOs, etc. However, I believe assets are anything that provides value to your life. This could include the food you eat, your relationships, your spirituality, your mental capabilities, your financial assets, and so on.

For example, let's say that part of your vision is to have a fulfilling, life-long, romantic relationship where you get married and have a family. You've met this man or woman and you two begin to fall in love. So, you start to invest time and money into this relationship by doing romantic things, taking him or her to great places, going to expensive restaurants, buying flowers, and paying for a honeymoon.

You love this person and he or she provides great value to your life. To you, it's worth investing money into the relationship because you know you'll grow to become a bigger person. Because this romantic relationship pushes you and makes you happy, you grow to earn a bigger financial income, become healthier, and attract other healthy relationships.

Here is another example of practical money skills. Let's say financial freedom is part of your vision. Well, you decide that a wise thing to do is start a money management plan. This money management plan supports your personal growth and vision by organizing your finances, so you have more freedom to do what you want.

You set-up an income distribution plan that allocates percentages of your income into different accounts. You have a financial freedom account for investing, a savings account, a personal account, and a debt retirement account for your liabilities.

Each time you get paid, you use your practical money skills and allocate a percentage of your income to each account. The financial account is for investing, the savings account is for saving, the debt retirement account is to pay off debts, and your personal account is for necessities and spending.

You have also made a habit to always pay yourself first, not your creditors. This sends a signal out to the universe that you are worthy of riches and you deserve more. Turns out that this money management plan gave you the freedom to do what you want with your time and money. Isn't that what financial freedom is all about?

Read and re-read those last couple paragraphs, starting with “Here is another example of practical money skills. Let's say financial freedom...” In those sentences you'll find an organizational skill that leads to financial freedom.

Investing money in your life's vision and creating a money management plan are wise strategies for your personal growth.

Demonstrating both of those practical money skills are a "no fail" approach because they support personal growth and higher levels of consciousness.

You cannot go wrong investing in your vision. Sure, you may lose a little bit in the course of your life, but when you invest that money into your vision there is always a lesson you learn to become a bigger, more conscious person.

And, that money management plan you set up, that's there to support your vision. So even during your “apparent” lose, you can continually keep investing into yourself.

Achieving financial freedom boils down to learning practical money skills. You learn practical money skills by investing money so it serves your personal growth. Your personal growth is your greatest asset. The more you grow into a bigger person, the more wealth and prosperity you will receive.

You do this by making decisions that are in alignment with your vision. Ask yourself two questions when you're faced with a decision.

1. Is this in alignment with my vision.
2. If money were no object, would I make this decision.

If you get a yes for both questions, have faith in the universe and in your vision, then act boldly. Use your practical money skills to invest wisely and watch all areas of your life grow in their investment.

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