What is money? It seems to be a simple question, isn’t it? Any schoolboy will tell you that money is the pieces of paper that are issued by government and can be accepted as payment for whatever products you what to buy. A student of an economic faculty knows that money is a specific commodity, a universal equivalent of exchange that serves as goods common denominator of value. That is also true.

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The majority of people strive for financial welfare on various reasons. However the way to material wealth is far from being simple. Even the high income does not guarantee the continual growth of your bank account. So, let us discuss the reasons of why money slips your fingers.

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Budgeting is a true salvation for personal finances. Many people are comfortable enough without taking control over personal expenses. Getting into debts from time to time is not an issue for them even being short of money to cover their basic needs before the salary day comes. “People have been living like that for generations and there is nothing bad if we follow the same pattern”, they think. The more advanced people have long ago realized the importance the budgeting has in our lives.

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Kathleen Voss, the associate professor at School of Management, University of Minnesota suggests that regular money contemplation increases the chances of your success. Forbs magazine has recently published the results of an experiment among 500 freelance individuals who were asked to compile a phrase using a list of words within a short period of time. One group of participants was given a list of words containing the word “money”, another one received a list of words without the word “money”. After that the participants were set a task to build a square using 12 sections so that each side of the square consists of 5 sections. Those who dealt with phrases about money turned out to be most successful in completing this task.

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All of us want to have financial independence and freedom now and then. Do you want to know the level of you financial independence? It is quite easy to find out. Just follow the instructions:

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All our thoughts tend to materialize if they are repeated in our mind frequently. That is why, in order to succeed we should follow the track of thoughts carefully. Focusing our mind on financial hardships we actually invite them to stay. Things you focus your attention on and direct your energy to - get the power to grow.

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