The concept of making and spending money

There is this saying that goes like this: “It’s easier to spend money but harder to make it.” Making money is not something many people are good at because all businesses have a pattern, and if that pattern is followed properly, then money will be made. Sometimes this procedure can be difficult, but once you get the hang of it, it will become easy in the long run.
 

An investment in knowledge pays the best interest. –Benjamin Franklin

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You might not know this, so I’ll tell you now. For any business you venture into, either physical or virtual, you need to know what the business entails; if not, you would be beating around the bush for a long time, that is, you would just do what other ordinary people are doing.
 
“Money is like a moving man who doesn’t stay in one place,” so for you to have it, you need to have knowledge of how it moves. Many people do the same thing everyone else does and expect a different result, but business doesn’t work that way. Sometimes, you need to move; you have to be at the right place at the right time for you to get what you need. The application of knowledge is called wisdom which is why the people making so much money are called wise and this is because they already understand the concept of making money.
 
I’ll use HiveBlockchain as an example.
Many people have taken HiveBlockchain as a business and are not ready to understand or learn how the blockchain works. You can’t be on Hive and be present everywhere; that’s not being smart. Jumping from one community to another because you need an upvote. Most times, I see people complain about not getting upvote, and when I check their profile, they aren’t active nor do they engage.
 
If you want to run your hive account as a business, then you need to be strategic in what you do, like a businessman.

Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver. –Ayn Rand

Be ready to invest in your account and the knowledge you have about the business you want to invest in. Before you can send money on errands, you need to know about such errands so your money can go out there and come back with ROI.
 

Spending

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Spending is the opposite of making money, you can’t close your eyes to make money but you can close your eyes to spend it.
 

Too many people spend money they earn to buy things they don't want and to impress people they don't like. -Will Rogers
 
Spending is a two-way thing; you spend on your wants and needs. Spending on necessary things that need attention will keep your money safe. The funds might be going out of your wallet, but they are going to things that will always bring satisfaction for a long period of time, unlike wants, where the satisfaction will last for a short period of time. Learning to control how to spend money will save one from bankruptcy.
 

Savings

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We spoke about making money, spending money, and another important aspect of money: "keeping or saving" money. If all you do is make money to spend it, then a day will come when you will need money and those things you have spend on won’t be able to save you.

Try to save something while your salary is small; it’s impossible to save after you begin to earn more. –Jack Benny
 
It’s important to note that “saving money is the hardest part of the concept of money. It is said that “it’s better to save money so your money can save you on rainy days.”
Raining days here connote “the days of troubles.”
 
Saving something from the little you earn will save you from the little or big trouble you find yourself in. There is no way life won’t throw challenges our way, but like I said, the application of knowledge will make you a wise person, which is why you need to invest in your knowledge so when the time to make decisions comes, you won’t make the wrong decision.
 
Thanks for reading.

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