Dear Readers
I found some article in the internet and share with you all.
"If you look carefully, you will realize that wealthy people and common folk spend money in different ways. Wealthy people are tend to spend more on stuff that will bring them lasting value or a rate of return, such as stocks and the like. In other words, they invest.
Conversely, if you look at the spending habits of common folk, many who spend on what they like without thinking, such as splurging one month's pay on a Gucci handbag, will actually face a lower possibility of ever becoming rich. If you can't control your spending in the first place, how can you get rich? Oh, unless you're Paris Hilton, of course. Or someone like her.
Well, I feel that this is precisely why many people complain that they have not enough money. Simply because they spend away what they earn. If that is not enough, this problem is potentially compounded if you throw in the availability of credit cards, which will allow you to spend much more than you actually earn. In other words, you will find yourself in debt. Of course, for people who enjoy shopping or buying stuff, asking you to totally give up on your hobby would be like asking for an arm, right? The solution, therefore, is rather simple:
Spend less that what you earn, or earn more than what you spend.Was this enlightening? Ok, some of you might say that this is common sense, but it is a fact that many people are in all sorts of debt. Common sense doesn't seem so common anymore, no? By spending less than you earn, you must control what you buy by buying less, or going for cheaper alternatives. By increasing your income to more than what you spend, you must brainstorm for ways to increase your cash inflow every month.
If you adhere to this rule, it will always ensure that you always have excess money to save or invest."
Hope it benefit you as well after reading. :)
