When it comes to what you should be doing with your money, no one but you can choose how to use it. However, following the advice of some successful men, such as Mark Cuban can help you achieve prosperity and manage your money better in the long run. These are just five of the many things that Mark Cuban has said about handling your money.
- Manage your spending
Cuban is a big advocate of living frugally and managing your spending as well as possible. Instead of buying non-necessary items, it is much better if you save your money and invest it in yourself and your future goals. That is what will help you financially grow in the long run.
- Cash for negotiations
One of the things Cuban is a big advocate for is that you should negotiate things in cash. If you have cash readily available you will be much more likely to get a good deal and drive down prices for the things you want to get.
- Invest in Books
While Cuban doesn’t believe in overspending, he does believe that certain things will always be worth the money you spend on them. Notably, he is a big advocate of spending your money on books and getting educated by reading them.
- Say No
Cuban maintains that a big part of having money is knowing how to say no to relatives and friends who might be asking you for it. For the most part, he thinks that those who are asking for money are not your friends and you should keep your money to yourself.
- Don’t make rash decisions because of Market Fluctuations
The market fluctuates and making long-term financial decisions because of market fluctuations can often be detrimental to your finances. Always be careful with how you invest and if you are uncertain of what to do then it might just be best to do nothing.
