It’s hard in this economy but it’s your fault. We have to take control of our income and run our money business appropriately. Think of your yearly income as your first business. You don’t want to lose everything, right? Of course not.
Money discipline is key to getting rich. Many of my peers and even you think it’s impossible but it’s not. It does take close observance of your bank account(s) and budget sheets. This is just the beginning of having the discipline of the rich.
If you can’t manage a measly 20,000 a year to live comfortably then how will you ever be trusted to protect and watch over thousands, millions, or even billions of dollars daily. It’s just not going to happen.
Stated above, I touched up on the root of having money discipline. Those two ingredients are simple – make a plan, execute, and diverse your money into money making income streams. My way is investing in the Stock Market and having a fully funded Savings. If you don’t make money in your sleep then you will forever work for the ones who does.
2. Spend less
Question: Are you following a budget or being a fool and parting ways with your hard earned back breaking income?