Post by account_disabled on Nov 29, 2023 10:24:54 GMT
You going to leave something to pay for yourself at the end of the month if there is anything left over? This is the most important habit to change starting today! Optimized way to get rich (paying yourself first): From now on every time you make some money, it doesn't matter if it is 10,100,1000 or 100,000, you will follow exactly this order: Receive the money; Invest in your medium, short and long-term goals (in other words, here you buy assets to conquer your dreams in the future); Pay your bills; Set aside an amount for an emergency fund; With what's left, you can spend. This is a very important difference in mentality. You are not going to save the leftover money anymore! First you are going to invest and then spend on what is left over.
Quick tip to make it to the end of the month peacefully, without the rope Phone Number List around your neck: After you've invested, paid bills, and set aside some for emergencies, take that leftover money and divide it by 30 or 31. This way, you will know how much you can spend per day. If you have $600 dollars left over, for example, and you are in a month with 30 days, you can spend $20 dollars per day. And then, two interesting things can happen: One fine day you end up spending more than you should. Let's say $30 dollars. So, now you know that the next day you can spend only $10. You spent an entire week without spending anything. When the weekend arrives you will have $140 dollars to spend between Saturday and Sunday, and you can do it without the slightest burden on your conscience.
If you follow this to the letter, you will make it to the end of the month peacefully, without getting into trouble. Building your goals No wind blows in favor of those who do not know where to go - Seneca. Now that we've charted a path to having more control over your money, it's time to think about the future! In the end, getting rich is above all achieving the future you want for your life. Thinking about that, how do you see yourself in 2, 10 or 20 years? A tip to help you: Give names to your goals That creates a psychological weight that will help you understand why you are making necessary sacrifices to get rich. The more specific your vision, the better. For example: Long-term objective (+20 years): Retire earning x amount of money per month Cover your children's university studies Medium-term objectives (+10 years) Open a Pub Getting married on the beach Short-term objectives (+2 years) Take a backpacking trip through Europe And how does the emergency fund work? The emergency fund needs to have immediate liquidity and a roof.
Quick tip to make it to the end of the month peacefully, without the rope Phone Number List around your neck: After you've invested, paid bills, and set aside some for emergencies, take that leftover money and divide it by 30 or 31. This way, you will know how much you can spend per day. If you have $600 dollars left over, for example, and you are in a month with 30 days, you can spend $20 dollars per day. And then, two interesting things can happen: One fine day you end up spending more than you should. Let's say $30 dollars. So, now you know that the next day you can spend only $10. You spent an entire week without spending anything. When the weekend arrives you will have $140 dollars to spend between Saturday and Sunday, and you can do it without the slightest burden on your conscience.
If you follow this to the letter, you will make it to the end of the month peacefully, without getting into trouble. Building your goals No wind blows in favor of those who do not know where to go - Seneca. Now that we've charted a path to having more control over your money, it's time to think about the future! In the end, getting rich is above all achieving the future you want for your life. Thinking about that, how do you see yourself in 2, 10 or 20 years? A tip to help you: Give names to your goals That creates a psychological weight that will help you understand why you are making necessary sacrifices to get rich. The more specific your vision, the better. For example: Long-term objective (+20 years): Retire earning x amount of money per month Cover your children's university studies Medium-term objectives (+10 years) Open a Pub Getting married on the beach Short-term objectives (+2 years) Take a backpacking trip through Europe And how does the emergency fund work? The emergency fund needs to have immediate liquidity and a roof.