Saving Money vs Making Money: Which is Better? | Quick Money Mondays
b'ARVE Error: Mode: lazyload not available (ARVE Pro not active?), switching to normal mode\\n\\n\\n\\n\\n\\n\\n\\n\\n{"@context":"http:\\\\/\\\\/schema.org\\\\/","@id":"https:\\\\/\\\\/onproperty.com.au\\\\/saving-money-vs-making-money-which-is-better-quick-money-mondays\\\\/#arve-youtube-nfxmgtscayo659a0b2c7f592400538261","type":"VideoObject","embedURL":"https:\\\\/\\\\/www.youtube-nocookie.com\\\\/embed\\\\/NFXMGtscAyo?feature=oembed&iv_load_policy=3&modestbranding=1&rel=0&autohide=1&playsinline=0&autoplay=0"}\\n\\n\\n\\n\\n\\nIs it better to spend your time, energy and focus on saving money or making money? Which will ultimately give you the better outcome?\\n\\n0:00 - Welcome to this new series Quick Money Mondays\\n0:39 - I love discussing finances\\n1:28 - Our mind is powerful, but extremely limited. What we focus on will grow\\n3:07 - What if you could achieve perfection in saving money?\\n4:18 - Saving money you have a finite amount of improvement, making money you have a nearly infinite amount of improvement\\n5:02 - Giving your mind the right problems to solve...making as much money as possible\\nTranscription:\\nHi and welcome to a new segment called quick money Mondays where we\'re going to be looking over a new concept around money every single Monday to help challenge you, help get you thinking about things differently and just have a bit of fun as well around this concept of money. Hi, I\'m Ryan from on-property dot com dot a U. and in today\'s episode we\'re going to talk about saving money versus making more money. And where should you spend your time, energy, effort, attention. Should you focus more on saving money, budgeting and that sort of thing, or should you focus on making more money? I want to do these quick money Mondays because I love discussing finances. I love discussing business. I love discussing personal finance. I love discussing investing and not many people do. Most people don\'t like talking about money to bu topic. I used to get in trouble as a kid asking my mom and asking other people and adults, how much money do you make?\\n\\nAnd I\'m still, I\'m still doing it today. People tell me about their job or their business. And I, I, uh, I go a bit too intense and too many details because I just find the topic extremely fascinating. So I hope you\'ll join me for this new segment. I hope that you\'ll like it and if it\'s a hit then we\'ll keep it going. So in today\'s episode we want to talk about the concept of saving money versus investing money and they just set a framework around this with the fact that our human mind is extremely powerful, but it\'s also extremely limited and whatever we focus on, we can achieve great things in and whatever we neglect, we can achieve great things in. So if you\'re focusing on your business or your career and ignoring your relationships completely will then those relationships aren\'t going to flourish. But as soon as you focus on those relationships, they will flourish.\\n\\nBut being able to focus on multiple things at the same time is extremely difficult. And there\'s a story in Rich Dad, poor dad or one of the Robert Kiyosaki books where his rich dad talks about how he does the same thing as rich as Robert Kiyosaki\'s poor dad or some poor person. Okay. I\'m butchering this story, but just stick with me here. The idea was he was talking about people who cut coupons and people who spend their day and they spend their energy looking for great deals at the supermarket and then buying things in bulk and Richard was saying I do exactly the same thing, but rather than doing it with coupons and saving sense on whatever it is on buying or maybe saving a dollar I do with investments and investment properties, I look for great deals. I spend my time focusing on that and then I invest and purchase those great deals and if I can, I buy them in bulk.\\n\\nSo both people are doing the same thing. Hunting for good deals. One person is saving fifty cents, one person is making thousands of dollars. So as you can say,'