Finance/Business :: Personal Finances |
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Developed Good Spending Habits |
| Do you know what’s the point of slaving ourselves on our jobs to earn more money that we are unknowingly going to throw away? |
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Do you know what’s the point of slaving ourselves on our jobs to earn more money that we are unknowingly going to throw away?
“Start watching your money, start with every single cent of it.” It’s not kidding; each cent that you throw away can pile up to become great expenses that will all go to waste. I know that a lot of people say that they are contented with what they have, be it a steady job, a nice income, a great family, a good corner office in the high floor, and a beautiful house and others….. Some of them say the truth, but there are those having more inside than what they are saying. Some of them don’t even have the luxury time to enjoy what they have because they spend all of their waking hours in their jobs just to make ends meet. Not that they are poor, but because they spend so much, much more than their income and still they are broke.
Robert Kiyosaki
Learning from Robert Kiyosaki’s Rich Dad series books, one will see that no matter how hard the work and how much the earnings, if we don’t have good financial literacy, we may be just working for naught. Also we need to develop good spending habits.Knowing between what is essential and what is just frivolous would allow us to take into account where our money goes and if those expenditures are necessary. Robert Kiyosaki greatly stresses the real need for financial literacy. If we know where our money goes and if we know how to have better control on how our money is spent, we are able to develop good spending habits and increase our cash flow.Only when we are be able to budget our money and save a significant amount to be used for investments by scrutinizing all our expenses. This money can be for using to build your riches and wealth. Let’s face it, diversifying our portfolio would provide us a better opportunity to amass wealth than just putting it inside banks. One great way of developing good spending habits is by learning how to control your expenses. By doing so, you will have to understand great accounting of all your cash flow. How to do this? One must do the simple but hard steps First things, we should have great self-discipline. Before going to the mall or the grocery, make a list and make sure that you stick with that list. I know some people without a list go to the grocery and just pick up everything they fancy. We should stick with the list and a budget. Also, look at your options, some products are cheaper, take your time to compare. Learn to say no to others and to yourself.
If you don’t really need to have something, it is better to let it pass. Your income can afford what you want if you limit your wants. You have to be more sensible and practical with your wants. Avoid window shopping too often as they caused more unneeded wants. Stick to your basic needs and paying your fixed payments. What is left in your budget, after establishing it, is your passport to great wealth.Do your research and compare the prices values. See what your options are. What’s so great about globalization is that because of the competition in the market, many businesses offer a wide array of discounts and promos which can help us save in our purchases. We have to visit a number of sites or shops that can provide the same kind of product at competitive prices. You can try the Internet, with so many e-businesses coming up; Check out every detail of your purchase, you can be able to see if the shipping charges are reasonable and whether it would be more practical and cheaper than buying in your own locality.We should be stringent in our purchases and expenses avoiding unnecessary. But of course we should also give ourselves something we enjoy and love to have. Try to get something that is not so extravagant and expensive for yourself, yet you have a feeling of satisfaction. Developing a good spending habit means that you do not have to suffer and be a miser. Make a list of what you want. If you really think that it can give you some sense of gratification and self fulfillment, try to reward yourself with it, as long as it doesn’t ruin your budget and still leave behind a substantial amount that you can use for your business and investments.
For Your Financial Freedom
Lay Peng
http://www.topspeakeronline.com
http://www.videeoonlineseminar.com
P.S: Mr. Robert Kiyosaki has his Rich Dad as his mentor while I have him and other Top Speakers and World Class Gurus as mine
**** DISCLAIMER *****
The author, publisher and distributors particularly disclaim any liability, loss, or risk taken by individuals who directly or indirectly act on the information contained herein. All readers must accept full responsibility for their use of this material.Copyright © 2007topspeakeronline.com/blog
Lay Peng helps business owners to boost profits and people who want to start online business by earning residual/passive incomes using internet. For free online stream videos to help you with life learning benefits, please visit http://www.preenroller.com/inspiringmind
Article Source: www.activehowto.com
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Posted 2007-03-14 03:53:07 By Lay Peng Goh
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