one key concept to win with money

one key concept to win with money

No matter where you are in the financial spectrum, there’s one important idea that you must embrace wholeheartedly. It doesn’t matter whether you’re paying off your student loan and consumer debt, saving for an emergency fund or for the downpayment of a house, or investing in your retirement fund, sticking to this concept makes your journey to achieve financial freedom easier, smoother and faster. 

So, what’s this key concept? It’s contentment. Just be content wherever you are in your financial journey. 

According to the Merriam-Webster Dictionary, here’s the definition of contented: feeling or showing satisfaction with one’s possessions, status, or situation.

We need to understand that buying and accumulating stuff never leads to contentment. As humans, we are all emotional beings, and no matter how rational or logical we think we are, we will often encounter situations where we make emotional decisions and impulsive purchases. It’s important that we keep our emotional side in check and work actively towards eliminating “stuffitis” and keeping up with the Joneses

As author and financial expert Dave Ramsey writes:

“Contentment brings peace, not apathy. Not the deadhead fog of Prozac or Valium. Only contentment brings peace. We live in the most marketed-to society, and the very essence of marketing is to disturb your peace. We say things to ourselves like, ‘I’ll be happy when I get that house;’ or ‘I’ll be happy when I get that job.’ Or, or, or, or!

Not true. Happiness is sold to us as an event or a thing, and consequently, our finances have suffered. Fun can be bought, not happiness.”

You can be happy, right here, right now. You can be content, right here, right now. And you can be at peace, right here, right now. As I have said previously, happiness is a state of mind; it’s like the blue sky — ever-present — and you can access it whenever you like. When you simply focus on your lane and let go of buying things just for the sake of buying them, your financial life will take a turn for the better.

PS: If you enjoyed this essay, I encourage you to read or listen to my book Daily Wealth (The Daily Learner, Book 1). This short book is an attempt to distill the life-changing ideas from the best books on finances, money management, and investing in clear and concise daily meditations. I can confidently say that your money game will reach a new higher level in record time if you put the principles mentioned in this book into practice.  

You can order Daily Wealth here: