, every beginning of the year I'm inclined to talk about money…

Last year I said a lot about money anyone who was listening would have bled Benjamins from their ears.

I love talking about money because it's one topic people feel uncomfortable talking about.

So I do my audience the favor of demystifying it for them.

Anyway, this year I'm gonna do a little bit of the same thing…

But this time, I want to give you practical applications.

You see,

The first thing you want to know about money is:

How to lose it.

And then you'll know what to do to attract it.

Most people start by learning how to attract money…

They acquire skills…

And try their hands at investments…

And all that stuff…

But at the end of the day, they lose it…

Because they didn't learn how to lose it first.

Because , the truth is:

Money comes easy…

And it also goes easy.

Every wealthy person knows this…

And that's why knowing how not to lose would keep you ahead than just knowing how to attract money.

Everyone talks about the latter…

But most people ignore the former…

And that's why today,

As I said,

I will be giving you some practical applications for how to lose money.

Are you paying attention?

Great…let's dive:

There are 3 known ways to lose money:

• Hoard it

The fastest way to lose money is to hoard it.

Money is like water…

You let it flow, and everything will be alright…

You don't, and it goes stale and smelly.

That's what a lot of people don't know.

You don't get wealthy or even rich by just storing every money you get.

At the end of the day, you'll lose it in some way or the other…

And most times, you'd lose it to something you don't like or expect.

For example, someone who refuses to go to the gym because of how much the monthly subscription costs would most likely end up spending that money on a doctor or drugs

Someone who refuses to spend money to improve himself would most likely end up spending that money on bills or something very necessary that he could have easily been able to afford.

• Don't save it

A lot of people think saving is the same as hoarding but it's way different.

Saving is setting aside a portion of your money to be invested some time in future…

Not just storing up your money in a place because of fear of losing it: Hoarding

You can also save for future expenses (which is an investment in the future)

Most people shit on saving and say: “Instead of saving, why don't I just make more”

Well, that's a statement that looks smart but doesn't hold much water…

Because what I've noticed is:

Saving is a habit that teaches you delayed gratification.

If you don't save some money when you're making little…

You won't save when you're making much too.

Because you've already built up a habit of not saving.

And it's a habit that takes time and effort to break.

So why not build it now you're not making as much as you want.

Besides, what I've noticed is:

Most times, your expenses tend to rise as your income rises, unless you intentionally decide to keep them low.

Go figure.

• Don't Invest it

By now, with the first 2 ways to lose money…

You should already know that not investing your money is a recipe for losing money.

There's a mantra I have that says;

I don't spend my money, instead, I spend the money my money makes me.

Yep, whenever I get paid upfront by a client or I make a sale somewhere…

I'm always thinking about how to put my money to work.

Mind you, it's not always the conventional investment like buying stocks or crypto…

It might be restocking my batch of coffee so that I have a good stash that keeps me sharp in the mornings…

Because when I'm sharp in the mornings, I feel better…

And when I feel better, I work better…

And when I work better, I make more money.

So you see, buying that stash of coffee is an investment.

That's one form…

But most times, I like to invest in something that doesn't require my input like coffee.

Could be getting software that makes my work easier…

Or getting a plot of land that I'm certain would increase in value over time.

Anyway, I'm always looking to put my money to work for me.

It's one way I ensure that I rarely have a significant break in cash flow

So , you now know 3 ways to lose money…

You're way ahead of 90% of the population already.

You think everyone knows these things…

But they don't.

They think they know it…

But so long as they don't put it to practice…

They don't know it.

Knowledge is execution.

And because I want you to know it by putting it to work…

I have a task for you.

• Open a Google doc and write out your average income each month…

• Figure out how much you can be saving each month…

And how much you can invest.

• And then reply to this email with a link to it.

Who knows, I might go through it and decide to give you my personal opinion.

Stay jiggy

Oxide.

PS: As I've told you before…

I don't like my emails being about marketing only…

It could get boring at times even for me…

So I like to mix things up.

I figure life and business are intertwined…

So I might as well talk about the vagaries of life too.

Share my personal experiences that might help you too even if they're unrelated to marketing.

In hopes that they help you become a better person overall.

Do you like that?