The Pyramid of Mastery

Money can be a big problem for many people. They have too much month left at the end of the money. The way people handle money is often taught by the people who were involved with the person when he or she was young. There is, however a science to making money. If you follow certain rules and principles, you will become wealthy. A Wharton study shows that people are actually happier when they make more money. It is freeing to know that you can do, give and share as much as you want without the fear of running out of money. I therefore advice anyone to become wealthier.
If you want to become wealthier, you’ll have to manage your money. Sometimes people are worried that they do not have any money to manage. They do, however, often get some form of income. To these people I would say: as soon as that money comes in, manage it. I truly believe in the following rule: what you focus on expands. By focusing on the money that you receive and managing that money appropriately, one can increase their net worth and begin walking the path to financial freedom. How to divide this income you ask? I recommend setting aside 50% for necessary expenses. This include rent, food, and other things that are necessary for survival. Besides your necessities account, I recommend opening up 5 more accounts: 10% saving, 10% spending, 10% education, 10% giving and 10% into investments.
 
Of course it is always important to have some money at hand in case times get tough. Therefore you should put aside 10% of your income into savings. At first, you should focus on building an emergency fund but after that you could set aside money for spending in the future. You could for instance buy a car, a house or maybe go on that trip to the Bahamas like you’ve always wanted.  
 
In order to achieve the rich lifestyle of your desire, you’ll need to spend money. Therefore, 10% of your income should be spend immediately. You could go to a fancy restaurant for a nice diner or you could go for a day at the spa.
 
Leaders are readers, and they are also often the once who get paid the best salaries. Therefore, it is important to put 10% of your income aside for learning purposes. Maybe you will require a new skill at your accountancy class that you can also use in your business.
 
We all know that it feels amazing to receive a gift from someone else. However, we also know that it feels great to give. We all have people around us who we love. Why not spoil them a little bit? If you do not have people around you who you love (something which I find hard to believe) then why not try thing to a good cause. The moment you do, you will feel a burst of sensation going through your body and it will make you want to give even more on a later occasion.
 
There are many ways to invest your money. You could invest in a coffee machine instead of going to the Starbucks every day. You could invest in a business, which is a good idea for anyone who would like to become financially independent. And you can invest in the stock market. If you put 10% of your income into the stock market every month you can gain a percentage of your money over time. If you wait long enough, this tiny percentage can grow into a very large one, which you could benefit from later in life. Albert Einstein even called compound interest the eighth wonder of the world.