It is important to learn how to save money, otherwise you will never improve your situation. You may already have a high debt in your home and just want to start paying it; The ideas in this article will help you with this.
This article is intended primarily for people who do not have assets or savings, and they need to start from the very beginning. It is important to have this basic skill. Without this, you will not learn how to manage money. Therefore, even if you were given a large amount of money, you would not know how to deal with it - if you do not have this skill.
Thus, this is for people who want to buy a house (or asset) and do not have savings for this. This will teach you how to save. The easiest way is to save 10% (or more) of your income.
Your own earnings will not be taxed until you receive your tax return, so you also need money.
Thus, the best way to save 10% is to force your employer to deposit 10% of your salary on another bank account, sometimes in a bank that is not located in your city or city and does not have a key or Internet access. So, 10% just go off every week, and you don't even know about it.
Then you can do the rest. This is clearly a slow process in order to get rich, and if your income is $ 50,000, then it will take only $ 5000. But it's better than nothing.
So this is the best way to do it. You know why? Because you do not see it, so you can not spend it.
If you wait for your salary to go into your bank account, then transfer it yourself or set up a direct debit, it’s not the same thing. Then you need to figure out how much you need to save, if you have a goal that you should have as you read the chapter on setting a goal.
If you have a goal to buy a house for 300,000 US dollars in a year, you will need a deposit and any closed expenses.
Suppose you need $ 40,000, so the break is up to a week. Assuming your income is $ 50,000, 10% of this is $ 5,000, so you need to get an additional $ 35,000. Although it may seem silly, once you reach your goal and start looking for ways to find money, you will find that you have other ideas, and other ways will come to meet you.
When this happens, you should notice them. There is a name for this, but we will call it luck. and when everything starts to fall into place, and then take all the opportunities that come to your mind.
If your goal is a house in 1 year, now you are on your way to buying your first home. If you already have a home, you are now paying for it faster. Why do you want to pay off your mortgage loan faster?
The reason you want to do this is that you can use the capital - this is the difference from what you owe and how much it costs, to buy another house - to rent out or future investments. Wealth is not built at the expense of a lot of money, you need to start paying it. Then you start building capital.
The reason you want to buy another home is that in the long run, this will give you asset growth and rental income.
You need asset growth and income to become a millionaire.
Now back to the savings. Here is another idea or additional way.
Throw all your coins into the jar at the end of the day. Not a tough bank.
When everything is in order, take it to the bank and take the money.
Do not waste it at night; transfer it to a bank account outside the city.
Another way is to actually save on daily expenses.
Stop buying daily coffee.
Do not take the car to work and catch the bus.
Shop in the largest mall in the lowest socio-economic area closest to you.
What for? Because the supermarket will be cheaper than in the middle class areas.
Make your lunch at home and take it to work, it can save you $ 50 a week and guess where there will be $ 50 a week? Outside the city is a bank account.
Do not stop at the movies and dinners.
Reduce your credit cards if you have them, and never use them again.
If you need credit card numbers to buy goods online, get a MasterCard or Visa credit card.
Pay them as soon as possible and never, never use them again.
None of those whom I saw with several credit cards, and the balance transferred every month, is rich.
What about glasses? Who cares about you, you will not travel by plane until you are rich.
Watch how you use utilities, take shorter showers, do not use heating or cooling devices, if you don’t need, turn off the lights, watch how the TV is rubbish and you need good sleep so you can go for cleaning at 230 in the morning. (See how additional resources / sources of income will save you money in other areas?)
You do not have a mobile phone without the need for business. If you want to talk to people, tell them to come to you.
You have nothing that would cost you money, it will not help you make money.
Think it will help me make money if I don’t get rid of it, don’t buy it or don’t use it.
Sell it on eBay.
Food: do not buy junk food, you will lose weight, and it is always a higher price than fruits and vegetables.
Fruits and vegetables are usually cheaper in the outer suburbs, which are close to fruit and vegetable areas, so there is a shop.
It may be cheaper to live there, so maybe move there.
If you are renting the cheapest apartment or house, ask someone to share with you or rent free rooms.
If you have a mortgage loan, you need to start paying it, if it is too high, and this is a good time to sell, sell the house, buy something cheap so that you can pay.
Rent out any vacant premises or premises that can be rented.
Pay your mortgage once a fortnight if it is a variable loan.
You will save money.
If you are on a high income, take a look at the loans where you can go straight into it.
If you do not need your car - sell it.
If you can catch a bus or train to work, and you decide that you do not need lawn mowers and cleaning companies, then sell.
You can buy it later when you are rich.
If you need to go somewhere so that the train or bus cannot hire a car.
I could go on looking for ways to save money, but you get the idea, look at everything you do, and cut out what is not needed.
You don't need cable TV, I don't care who you are.
If you want to save money, get rid of it.
I know people who have loans, and yet, when you look at their bank statement, they have internet, mobile phones and cable.
Obviously, watching replays of sitcoms is more important than keeping your house with some people.
You might think, but if I get rid of one or the other or or stop going to the movies every week with my friends or drink and spend $ 200 on Saturday evening, you will become friends and everyone will mock you at work because you don’t Watch the 9-hour marathon of men and men by cable.
Look at your friends or neighbors or co-workers.
Are they rich?
They may have the last car, a big screen and go to the last clothes three times a week, but if you can figure out their salary and they don’t get up at 230 in the morning to go for cleaning, then this is basically one step away from hacking.
If you want to be rich, you have to do something different from anyone else, otherwise they will all be rich.
If they do not have a pair of investment properties, and they must check the balance of their bank account at an ATM, before buying their lunch, they are not rich.
You need to find new friends like you.
Rich people who are rich or want to be.
Sometimes these people will allow you to come up with an idea, or property development, or how they earn money, in which you can use.
While you, friends, are just concerned that you will find the right clothes at the club tonight.
Most people are just one step away from hacking, and you don’t want to be like that, which is why you are reading this book.
If you wanted to be one step away from the rift, you would not have to read this.
So you need to save money, and you need to look at ways to cut your expenses, even if it can increase with additional imports, now it’s time to make hay while the sun is shining. put all the extra money in good use.
Yes, if you increase your income, you can simply spend it and impress your friends with the newest large-screen TV and electronic devices, and you also do not need to put it on a credit card.
But it's not that.
You earn money to become rich, and if you follow my simple advice, then you will most likely be rich.
And, having said to your old parties, the last purchases of the gadget, fashion friends, that you are now a millionaire in 5 years, will sound good.
Of course, they laughed at you then, but when they were kicked out of the house for not paying the rent for a mortgage, you have 5 houses and you can buy a big screen TV with money, then you will laugh.
So you need to start saving money, and then look at all the ways to save money.
No pain no gain.
So you can read it, and now you are not wasting your money, you just don’t have enough.
The only way to improve your situation is to increase your income.
If you do not have money to buy a mop or vacuum cleaner, or you do not have a car, then you will need to have a smaller goal.
I would suggest getting a second job or finding a better paying first job, and then start saving so you can start your business.
If you cannot afford to save money because you have too much debt, let me say that you have personal loans and credit cards, and you are already in these payments, you really need to earn so much money and pay them.
There is no money saving if you have $ 80,000 in unsecured debt with 20 percent interest. You need to focus and pay.
If you have a car in finance, decide what you need so that it can earn you a second income, or better sell it and reduce your debt.
And break your credit cards right now and never get one.
Saving money is the most important thing you will need to know if it buys cheap food or removes 10% of your salary every week, if you don’t have anything left now, you need to learn how to do it,
Saving money is the most important lesson to learn, because you can earn all the money you want — if you don’t save it, then you will never be rich.
