All the money you've ever spent still exists. All the money you desire already exists. How you interact with this abundance determines the life you live, and your principles shape that interaction.
Principles are important in money and finance, as they determine how you interact with money and the financial system of the world.
Principles in Finance
I have classified them into 3
First principle are the belief systems, values, inbred thoughts and perceptions that guide your behavior with money
These first principles shape your own personal finance system. I.e. what you believe, think and say about money and its products/corollaries
For example one philosophy formed is that there is a limited amount of resources, but I don't agree because, as we earlier discussed. There will always be money.
A lack of it doesn't mean that all you want to do and experience isn't available and possible
It just means that you prioritize what you can afford to where you are.
But others don't prioritize; they cancel whole plans and desires due to not having enough money.
They believe you can have only a few things and not all that they want. To be on even footing, I’m not saying you should indulge all and every desire, that’s hedonism.