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Principles are the values that guide your life as an individual. They are consistently reflected in your actions and choices. In the words of Stephen Covey, bestselling author of The 7 Habits of Highly Effective People: “There are three constants in life… change, choice, and principles.” 

The principles you keep are so important because they determine the outcome of your life. Similarly, your financial fulfillment is a function of the principles that guide your financial decisions. Here are five money principles you should learn before you turn 40.

1. Money Invested in Helping People Is Never A Waste

Most people are so preoccupied with making more money that it becomes difficult for them to give to others. It is important to know that true financial success is not about accumulating wealth for yourself but having significant influence with your wealth instead. Make giving one of the items on your financial goal list.

2. Your Financial Decisions Can Affect Your Child’s Future

We cannot avoid the inevitable future. So while it’s tempting to have the best time of your life now, be sure you are not putting your child at a disadvantage.

3. You Don’t Need Excess Money To Begin Saving

If you keep waiting for the perfect time to have enough to start saving, you’ll never have any savings. You need to gradually build a saving habit, starting with the little you have today.

4. Money is Not Worth Your Happiness

The pursuit of happiness is a common goal for all types of people. It is so essential that nothing else can replace it. While money is one thing that makes us happy, you can lose your happiness in the search for money. It’s unwise to pursue wealth at the expense of your happiness.

5. Life is Better With a Balance of All Good Things

Money is just one of the many amazing things that make life beautiful. Don’t just focus on adding more zeroes to your bank balance, instead have an extensive bucket list, like finding love, visiting The Seven Wonders of the World, experiencing new cultures and helping the world become a better place.