Open Archive 2
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MONEY MANAGEMENT
Posted by John Jay on 25 February 1998, at 5:07 p.m.
Money Management (MM) is an important subject in every aspect of our life. If you are in business for yourself you either use a sound MM or you will learn a lesson that may stay long in your memory.
For many years, I had the impression that money did MM for you free... Then, Father TIME and Mother NATURE gave a warning... They both said that it was my RESPONSIBILITY to manage my money.
During many years, in my gaming I tried again and again to make QUICK KILLS in order to become financially independent, FAST and EASY! You can guess who got KILLED QUICKLY! Then, Providence (BJ not NJ) whispered to my ear and said..."relax, and learn a method or system (MM) to get money in smaller portions...and above all, enjoy the GAME! Life is not a Destination but a TRAVEL".
That put a damper on me, but was sound advice. Gradually I changed my attitude and developped a MM system that does follow the advice. In my gaming, the money flow GATE gets adjusted depending on the direction and quantity of flow. The GATE gets smaller and smaller and gets SHUT (table or session) if it goes against me. However, it will open larger and larger if it is an inflow, in accordance with my comfort zone. As you know, now and then GREED rears its ugly head. But I hop you do not have this problem.
What is your way of MM? Any method, or insight?
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