March 2023 3rd issue: Whether or not you can go along with the feelings of the reader
Being "sloppy with money" means not managing your money properly. You don't set a limit on how much money you can spend freely each month, and you end up making unnecessary purchases on the spur of the moment. People who don't have enough money to pay taxes, monthly utility bills, rent, and mortgage payments, and panic when they run out of money can be said to be sloppy when it comes to money. If you borrow money from friends and acquaintances and do not return it, or if you try to deceive yourself by not paying the amount due, you will lose social credibility.
Social credibility is important for business. If managers are sloppy with their money when the business environment is tough, they will lose social credibility and the business will easily come to a dead end.
It is important for entrepreneurs to learn about money before starting a business.
Even if you learn money, you don't need to go to a money study group or an investment seminar. First, let's learn how to keep a household account book and how to manage "money in your wallet". Then set aside a certain amount of money that you have to pay for things like utilities, rent, and mortgage payments, and set a limit on how much money you can spend freely. In addition, let's secure "money for savings, insurance, or investment" from the remaining "money that you can freely decide how to use".
By doing so, the "money that you can spend freely" will be much less. But that is correct. The true identity of "a person who is sloppy with money" is a person who misunderstands that all the money in his or her hand is "money that he or she can use freely". Of the money you have at hand, "money that you can use freely" is quite small.
If you spend all the money you have on hand, you won't be able to do anything when unforeseen circumstances such as trouble arise. Also, even when a big opportunity comes, you can't move without funds.
Money has a huge impact on relationships and trust. It's not uncommon for people to lose credibility and ruin relationships because of money troubles.
Cash management has a significant impact on business decisions. Managers who are always busy with cash flow management tend to lose sight of the big opportunities that come their way, and are more likely to accept suspicious temptations such as "make money easily."
It is important for managers to manage their money well and to have a future vision for cash flow. If you continue to do so-called hand-to-mouth operations forever, you will collapse suddenly when some big change comes.
Money matters. But managers should not chase only money. What is important is a relationship of trust with customers, employees, and the people around them. Again, social credibility is important for business. Managers must be very careful not to lose social credibility by chasing only money.
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