How much have you saved lately?
Thousands? Good.
Millions? Awesome.
Millions? Awesome.
Unfortunately, not so many people are keen at saving for the future. The formula used by many is:
By using this formula, most probably, the result would be minimal savings if not zero. Sad but true.
How much should you have saved if you were not overspending?
Try introspection. If you were not overspending on wants and whims, how much should have been your savings?
Overspending and other wealth mismanagement habits are the culprits that make life financially miserable. If you keep committing the same mistakes over and over again, you will end up failing the same way too. These financial mistakes are there to serve a lesson. Hence, try to learn the lesson at the earliest possible time.
Overspending and other wealth mismanagement habits are the culprits that make life financially miserable. If you keep committing the same mistakes over and over again, you will end up failing the same way too. These financial mistakes are there to serve a lesson. Hence, try to learn the lesson at the earliest possible time.
Truth is, for a surefire way to save, try this formula instead:
Financial Freedom - How are you getting there?
Each of us has the ability to build wealth. But the important question is: Are you giving it a GO or a NO?
If you want to create a change in your life, including financial freedom, DO SOMETHING. Do not expect wealth to come like a rocket (unless you win the lottery). Drop vices. Pay off debts. Slash guilty pleasures that are drilling holes in your pocket. Save more. Invest even more.
The modern world is pushing you to the quagmire of commercialism and materialism (Have you not noticed it yet?). Be smart enough to distinguish what you need from what the market thinks.
Aside from answering the ‘how’, more important is to know the ‘why’. Even if you know how to be financially liberating if you have no explosive desire to pursue it, it will not make sense at all. You have to have that powerful reason and conviction to free yourself from worrisome pecuniary woes.
Do not let financial trouble control you. Instead, take control of your financial trouble. Change your mindset. Change your thinking. Come to think of it, you do not deserve a pathetic life full of debts and piles of bills that are hard to pay. You deserve much better.
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