How to Always Have Money
Money runs the world. It is something everyone works for and no one ever seems to have enough of. This Hub will be on how to always have money. This is a simple concept yet it seems to be difficult to do! It will take work, understanding, and discipline. Note: Do not stop reading because you think it is too simple or not possible. You are very possibly the one who needs to read this, and this could be exactly what you need to hear.
The secret is spend less money than you make. I know it seems ridiculous and simple, yet people don't do it. People think they need the nicest and the newest things, even if they must spend money they don't have to get them. The ability to manage your money will be forever more important than the ability to earn more! People are always searching to earn more money. It would be better for people to learn how to manage the money they have.
Your ability to apply this concept will change and improve your life forever, I promise!
Spending less than you make is the number one way to avoid debt. It is simple don't spend money you don't have. If you don't spend money you don't have you won't get into debt, and it is critical to avoid debt. A note on debt: People either have interest working for them or against them. If you have debt it is working against you.
If you have credit cards don't ever overspend. Pay off your credit cards in full every month. If you can't pay it off in full every month than you are spending money you don't have.
Avoid major purchases that are not necessary (wants and necessities are different). To have interest working for you, you need to have money rather than owe it. I understand there are things to go into debt for such as a house. However, there are not as many things as most people think there are.
If you already have debt pay it down as quickly as possible. The only time you can really have money is when you stop owing it. And freedom comes when you don't owe it anymore!
A critical way to manage your money is to know how much money you have, how much you are earning, and how much you are spending. This is simple budgeting. Like I wrote earlier this is not difficult but it does take work and discipline. Once you know how much money you have you can make decisions with a greater understanding. Once you understand you don't have the money it might be easier to say no to the next toy, outfit, or activity. Try waiting until you have the money and can pay for that toy in cash!
Your ability to put off reward until later is critical! I know it goes against societal pressures, but I think that is a good thing. You will see the benefits!
This is not meant to be an in depth financial system. It is to help people change their state of mind. gain greater understanding, and security. This will take self discipline. Take the time, manage your money, and say no a few times. You will see the benefit of applying this principle and putting rewards off until later. A final note. This is possible!
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