Wednesday, November 23, 2016

Some Great Financial Advice

What Do the Wealthiest People Know That Others Don’t?

Math. The broke person really wanted a particular item but it was more than $100, and he or she didn’t have it. When the item went on sale for 20 percent off, he or she rushed to one of those payday advance places and borrowed the money to get it. The interest on those type of loans of course negated the savings. But the person didn’t care and justified it by thinking, “Oh well, it’s the same money anyway.” He didn’t realize that the problem wasn’t how he bought the item.

Above all, if you can commit to living within your means, your means will increase over time. Feeling broke today? Look at your paycheck. Now imagine you didn’t have to spend all of that on car payments and a house that’s bigger than what you need, and the credit card payments on all the stuff you bought to fill it. Just imagine that whole paycheck staying in your bank account and not going out the door to those payments. You aren’t so bad off anymore, are you?

Now imagine what your savings account would look like in just one year if you threw it all there and forgot about it. Because that’s where you could be if you thought about money differently.

Successful people know it’s not about how much you make; it’s about how you spend it.

(CavemanCircus.com)

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