Creating Wealth: How to Get Intimate With Your Money and Why You Should

Creating wealth by getting intimate with your money may seem like a strange concept. However, consider any relationship. The more time and energy you invest in it the greater the return on your investment.

"If you spend quality time in your intimate relationships, if you connect with your families and your friends, those relationships will flourish."
Anthony Robbins

Yet, many people invest little time or energy in their money apart from the time that they actually spend it. And, for many people, even when they spend money there can be a degree of dissociation, a touch of indifference or perhaps some other negative emotion.

For instance, when some people pay a bill such as a utilities bill they may feel resentment. If you fall into this category bear in mind that although rates may be high, at least you're in a position that you have electricity, gas, running water, etc. There are many people who are not in this position. Also, think about what these things allow you to achieve on a daily basis and the quality of life you're able to experience. So why not feel a sense of gratitude when you pay such bills.

At other times, when some people spend money there appears to be little emotional attachment to the act. Picture a man throwing down some change on the bar counter after he's had a few drinks. Or think of a woman who goes to a restaurant to enjoy a meal with some friends. She pays the bill without giving it too much thought. However, it's not because she's flush with cash. Her situation may be quite the opposite. She may not have enough money to pay for the meal and so she puts it on a credit card and decides to worry about the payment later.

Even how someone shops at a supermarket is a telling way of how that person treats their money. Some people pay close attention to the prices of the items they're buying. Others simply pile items into their trolley, buying what they need but also ending up with lots of items that they don't need. When they get to the cashier they don't keep their eye on the screen displaying how much each item costs and they don't check their receipt afterwards.

In fact, many people have no idea of how much money they spend on a daily, weekly or monthly basis. They are in a financial haze.

So how intimate are you with your money? Do you carefully file your receipts and keep a record of your spending? Or are your receipts carelessly tossed aside, if indeed you keep them at all?

In order to improve your money management you need to keep careful records of how, when and where you spend your money. This act alone will give you greater awareness regarding exactly how and where your money is spent. It will also help you to identify where you can make savings. And I'm not talking about budgeting. Often once you complete and maintain this detailed analysis of your outgoings you can identify several areas where your money is simply being wasted. And even small areas of wastage over time can add up to huge financial losses.

You may experience times when your finances may not be at their best. These are the times when your intimacy with your money needs to be at its greatest. Yet, during times of economic crisis there's a tendency for many people to turn a blind eye to their finances and hope that somehow it will get better.

When things look bleak it's better to have a complete financial picture and keep your financial goals in mind no matter what your current position is. Aim to spend 5-10 minutes a day on your finances and gradually increase that time to 15-20 minutes and then perhaps 25-30 minutes. These small investments of time in your money management will pay huge dividends in the long-run.

The bottom line regarding creating wealth is that the more intimate you are with your money the more money you'll attract and the more your money will stick around.

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