How to Make Money Decisions – Jerry Fetta
Money has always been an odd topic. I remember when I was little I was told two things: “Don’t talk about money” and “don’t talk to strangers”. I would venture to say that probably 90% of us learned those same rules. The result? We don’t talk about money and we generally keep a very small group of friends which means that we end up with similar financial conditions to those we spend most of our time with. The irony is in that our whole circle thinks they are the only ones in the financial condition they are in and as it turns out, everyone is in a similar condition and could actually help each other…but nobody talks about money. Today I want to discuss why we make the money decisions we make, how our sphere of friends and family influence that, and how to make better decisions.
- Every action we take is a solution to a problem. That’s the truth! We as humans, are problem solving machines. We continually solve for problems in life and the collective solutions we implement cause our current status in life. This even goes for criminals! Think about it, if a guy robs a gas station, he is trying to solve one of his current problems. He may need money. Maybe he knows and dislikes the owner. Either way, his solution is to rob the gas station. The real problem is when our solutions cause us problems that are worse than the ones we originally had. I call this being the effect of our own cause.So,look at your financial condition. Do you have credit card debt? You were trying to solve a problem. Do you have $300 to your name? You were trying to solve a problem. Do you own a 4-plex? You were trying to solve a problem. The beginning of success is to realize this law and begin to very carefully confront our problems and think of better solutions. A solution is something that SOLVES. If the problem wasn’t solved, then you didn’t use a solution.
- We will have problems either way. No matter what there will always have problems. If you’re paycheck to paycheck and you suddenly become wealthy, your tax bill is going to be a problem. But wouldn’t you rather be thinking about a tax bill than how to survive until Friday? We need different problems and bigger problems. Why? Because when we solve bigger problems we get bigger solutions and bigger results. Don’t run from problems. Confront them. Face it and don’t flinch or look away.
- Go talk about money with strangers. Yes, violate those two chief rules we addressed earlier. The people who you hang out with currently are in the same boat asyou. What does this mean? They cannot help you. You need to reach up and out. Find someone who has overcome the financial problems you’re dealing with. Someone who isn’t struggling with it anymore. They can help you because they’ve actually solved the problem. You can’t take math lessons from someone who is flunking algebra. Go expand your network and make money your topic of choice. You’ll be surprised how many people want to talk about it but they’re afraid to and when you bring it up they will engage at a level they do not in other conversations.
Bottom line, a decision is a solution to a problem. Decide on things that solve the problem. Not kind of solve it, not delay it, not cover it up, but ACTUALLY solve the problem. How do you solve your financial problems? Make more money, keep more money, and multiply more money. I can help you do that. When I work with clients I can typically save them 25% on their life insurance, health insurance, and investment costs, guarantee an increase in their savings rate, and help them secure an 8-10% annual interest rate on their investments. Click here to make better financial decisions.
Own Your Potential!
Jerry Fetta is a husband, son of Yahweh, Entrepreneur and owner of 5 privately held businesses. Jerry lives in Alaska with his wife and 2 dogs. His no-nonsense approach to business, finances, and life speaks truth and provides clarity to his clients and followers. His personal mission in life is to empower millions of leaders to own their God-given, ultimate potential