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I had a conversation with a mentor that changed my life. He was worth about $100M at the time, and I thought that was the richest any human could be. We were on a walk, and he asked: “How much money do you have right now?” I said, I don’t know. I probably have around $100k in the bank right now? “No, no, no. How much money EXACTLY do you have in the bank?” I don’t know. I’d have to look. “You’d have to LOOK? How much money do you make a month?” I said, oh about this much. “You don’t know EXACTLY? How much money do you spend a month?” I also don’t know that. Then he said this line that I’ve never forgotten: “Money is a cruel mistress. If you don’t pay attention to her, she’ll leave you for someone else.” He went on to say, “I can guarantee you that one year from now, if you look at your money every single day — at your spending and savings, and you think about how to grow both? One year from now you will be richer.” ↓ Money is a cruel mistress. But she can be a generous one. Follow her, look at her, pay attention to her, and she’ll grow. Best part is, it’s not something you have to do alone. For a limited time, you can book a free 30 minute strategy session to steal Domain Money’s 10,000 hours and get a financial plan to gain complete control over your time → https://lnkd.in/ed5uVNYE (I am not a current client of Domain. I have received cash compensation for this endorsement, therefore, I have an incentive to promote Domain Money. See important disclosures at: (http://dmnmny.co/x)
‘Money is a cruel mistress’ is such a powerful metaphor. This conversation highlights not just the importance of financial awareness but also the discipline and intentionality needed to build wealth. It’s a reminder that success often lies in the details—tracking, reflecting, and optimizing daily habits. True financial growth starts with clarity and consistency. How do you balance being deeply aware of your finances without letting it consume your mental bandwidth or lead to financial anxiety?
It’s wild how many people ignore their finances, thinking they’ll just ‘figure it out’. Taking control of your money is like taking control of your life.
Such an impactful story, Codie! The lesson on being mindful of our money and how it works is crucial for long-term financial growth. Paying attention to both spending and savings, while constantly looking for ways to grow, can make a huge difference in our financial futures. As many job seekers and entrepreneurs might resonate with this, I’d suggest trying MyCareerElevator.com. I often recommend it to anyone looking for their next job, and it has already helped a few people in my network land great offers. Thanks for sharing this valuable advice!
This story brilliantly highlights a fundamental truth: financial awareness is the cornerstone of building wealth 🔝💯 Many of us underestimate the importance of tracking our money with precision - focusing on income, expenses, and growth strategies. Yet, as the mentor wisely pointed out, money responds to attention and intentionality. The analogy of money as a "cruel mistress" resonates deeply. It reminds us that neglecting our financial health leads to missed opportunities, while consistent focus can foster abundance. Financial literacy, discipline, and planning aren't just about wealth - they're about creating freedom, security, and opportunities for ourselves and others.
You know, it's so true what your mentor said! Money is kinda like that friend who needs constant attention or they drift away. 😅 I once realized I was paying for an old gym membership I never used anymore—money literally going down the drain! Checking in on my finances daily helped me spot these leaks and plug them up before they became bigger issues.
The line, “Money is a cruel mistress. If you don’t pay attention to her, she’ll leave you for someone else,” really hits home. It’s a reminder that financial awareness and intentionality are key to growth and freedom. The practice of reviewing spending, savings, and growth strategies daily might seem tedious, but it clearly pays off in clarity and control. What’s been the most transformative habit or mindset shift you’ve adopted since that conversation with your mentor? And how do you recommend others get started with building this kind of daily financial discipline? Your journey is inspiring—thank you for sharing! 🚀💰 #FinancialDiscipline #WealthMindset #PayAttentionToYourMoney #SuccessHabits
That line—"Money is a cruel mistress"—hits hard because it’s true for so many areas of life. At Relation Agent, we see the same dynamic play out with men who feel unfulfilled in relationships with unpredictable partners. If you don’t pay attention to the relationship—truly see it, understand it, and act with intention—it drifts. But when you focus, invest, and lead with purpose, it can thrive, just like growing wealth.
Managing money with precision and focus really changes everything.
It's not just about making money, but understanding it. Being in control of your finances means knowing exactly where you stand and where you're going, Codie.
Such a powerful lesson! Paying attention to your finances daily is a game-changer. Clarity and consistency lead to growth, in money and beyond.