So let me tell you that I have some news. I am writing my next book, and as I write, so many ideas come up that I just had to stop and write this blog.
I cannot stress enough on putting money aside for the future YOU. Unfortunately, and I have fallen into this pattern too in the past, we leave this for later or another day.
Today, I am going to give you a few ideas on what to do, so you can set money aside and set yourself for financial independence.
Let's get real...what matters is NOT how much you make, but how much you spend and on what.
When you take a look at your income and then take a look at your lifestyle, are you wishing for a different lifestyle?
If you are, then you have to watch what you are spending your money on, maybe spend a little less instead, and pay yourself first. The other option to get a different lifestyle is to make more money, and put that additional money on...you got it, paying yourself first.
When fly attendants goes through emergency procedures, one of the steps is to put your mask on first and then to put in on children. This is a great example how important is to think about yourself first and then your kids after.
This applies too when it comes to finances. A lot of times we feel that we are too young to start saving and investing. Then we decide to get married, and then, we have kids, and for decades are focus are in our kids. Once our kids are graduated from college, then we start thinking about our future.
However, the only way to become financially fit is by creating new habits. One of the best habits that you can start applying immediately is by paying yourself first!
What is the madness behind this method?
Well, first off, you need to know your income and your expenses. Once you have calculated your income vs. your expenses, you are ready to start the process of paying yourself first.
When you ...
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