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In today’s class, I want to relay the importance of understanding the difference between making money and managing your money. We can learn a lot about life from puppies. As you learned in Part 1, we have predisposed temperaments that we can manage, but our temperaments are part of who we are.
In Part 2, we learned about a certain quality that makes companion dogs great. It turns out they love people. It’s what makes them tick.
Now that we have a puppy, Stanton, I’ve been reading the book Puppy Kindergarten, The New Science of Raising a Great Dog, by Brian Hare and Vanessa Woods. One lesson we learned is that not every pup graduates from kindergarten. And that’s not a bad thing. Let me explain.
In my conversations with you, you tell me how you got to where you are and where you want to be. You are successful. It’s why we’re talking. You saved ‘til it hurt, and you lived within your means. And many of you did it your way. That’s the key. Now you have a pile of money.
You have the money from your set of skills. But here’s the key. Now, you need a new set of skills to manage your wealth. That is not the same skill set as making money.
Companion dogs have a different skill set than military or police dogs. Dogs that can focus on scent and keep at it until they find what they’re looking for may not be the best companion dogs. In other words, many of us are cut out for a specific line of work.
Action Line: When you’re looking for someone who understands managing money is different than making it, let’s talk. But only when you’re serious. Email me at ejsmith@yoursurvivalguy.com.
Originally posted on Your Survival Guy.
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