Would you like to be able to get up one morning with your family and take a trip anywhere in the world or wake up in the morning and if you felt like buy some high ticket purchase you can do so without having to feel any remorse or second thoughts because it was your mad money?
You’re probably asking me “Robin, what is my mad money?” Your mad money is your discretionary income that does not interfere with your daily life.
Now, when you go to a bank or a lender they take your mad money and think that money is for paying debt and bills. I believe your mad money should be going towards your fun. Just like that trip you can go with your family or some other purchase for pleasure.
I have a story that relates to mad money.
I went to Disneyland with my granddaughter. We were having the time of our lives going on different rides and have an experience of a lifetime. So, we’re in line for one of the rides and there’s a group of young 20 something girls or they could have been in their late teens. I overheard their converse and one of the girls was freaking out about her money. She checked her checking account and she saw that the money for her car payment was going to bound. She used the money that was supposed to go to her car payment for this trip to Disneyland. This was not her mad money. This is the money she needed for her monthly bills. So, mad money is money that you can spend every month that will not affect your daily life. Mad money is money you can use at Disneyland without having any fear or regret. I don’t want anyone to be in the position that girl was in with money. Here she was trying to have a good time at Disneyland with her hard-earned money with her friends but that car payment is going to be in the back of her mind throughout the day and I don’t want anyone to be in that position in life. I thought to myself if this girl read my book, The Common Sense Guidebook To Mastering Your Money she would have found the value that would have corrected her money habits and she would have been able to go to Disneyland and still have her car payment paid. I guarantee that you’ll find some gap to fill with your money habits in this book so you don’t be the girl at Disneyland worried at Disneyland and you’ll be the person at Disneyland having a great time and has everything covered and having the mad money to have the daily happiness.
If you want mad money and want to have some fun with your life without the worry about money, it’s best to know what mad money is all about on page 86.