There are all sorts of questions surrounding smart money. An understanding of the world of financial dealings would help Joe Average to get on the smart money track but not look so gullible whilst they are at it. In a nutshell, smart money is the capital controlled by investment companies; experts in marketing; central banks and all kinds of funds. How does one develop and thrive in the world of smart money – by establishing and cultivating a positive attitude to smart money and this can be achieved by breaking down various points: such as identifying and challenging limiting financial beliefs; setting clear and achievable financial goals; educating yourself about money, all money, but smart money is a good start. Establish healthy financial habits; practising gratitudes and surrounding oneself with positive influences and adopting straightforward personal disciplines and regimes to make money easier to manage.
Take the 33-33-33 ides – this would be separating and managing useable income in fair split of one third for actual needs; another third for savings – preferably into the most efficient and highest earning account possible and the final third for enjoying life outside the work place. This is a simple, no nonsense system that keeps you on the straight and narrow with less stress.
Looking at the world of money, just as in the old days one would look at very ancient well off families as Old money, and the new up and coming instantly rich families as New money. We could say that the two types of punters could be classed as really on the ball and got the idea very early on – they are careful and do not give their money away; risk it, or discuss their clever means of looking after it. These come under the title Smart Money. The other side of the coin (pun intended) would be the thick, gambling and frankly careless player who doesn’t think beyond the next quick grab; he who doesn’t split his takings into the 33-33-33 system and runs out before you know it. This type is definitely Dumb money. Harsh but true.
