You might be thinking that this is rubbish and totally impractical. But think again as the following rules might help improve your financial health and the best thing is you can do it without receiving a single dollar more in your income.
Why is it that most people regardless of income level can never seem to have enough money to save or keep enough money for their retirement? The most frequent answer is they not earning enough.
THEY ARE WRONG!
There are doctors, engineers, lawyers, high post government officer earning thousands of dollars in income but never seem to have any money. Obviously it is not an income problem. The problem is what they do with their income. You need to know how to manage your money properly ( one way of doing this is by spending less ).
Yes, it is possible to improve your financial position without having to work an extra hour or earn an extra dollar, simply by better managing what you have now.
Below are the golden rules to making money by spending less:
a) Pay off your debt as quickly as you can.
b) Live economically, focusing on gaining greater value out of each dollar spent.
c) Save up an emergency nest egg.
"An inability to save is usually due to bad spending habits"
08 September 2007
Three Golden Rules
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2 comments:
YOU ARE SO RIGHT..
it doesnt matter how much your income per month... but How u gonna spend you income. if you have good paycheck, congrat... but make sure u have no debt... people nowdays, earning salary for just 3 or 4 days and then withdraw to pay debt... it is like, working-just-to-pay-debt. sad isn't it. and at the end of the month, have to borrow friend's money to survive... remember, next month you still have to pay the fixed debt and yet together with the other debt... so, when you gonna enjoy your own money... you work so hard.... and they bank steal it... be intelligent.
Thank you for your comment. Yes, I agree. In fact, most of us doing exactly as you described. Sadly to say but it's true...managing money is not easy...it require discipline.
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