There are many people out there looking for a quick fix for
their finances. For some, they think
willing the lottery will take away all their challenges. For others, they think that there is
something out there that is yet to be discovered, that will take away the
consequences for bad financial decisions.
The fact of the matter is, it is no use wasting time looking for a "Holy
Grail" for your finances. There are
principles that are tried and true that have been out there for hundreds of
years. The problem is that people have
heard them before and somehow don’t quite understand the correlation between
the discipline to follow these guidelines and financial success. There are many books written about how to be
rich, how to be financially free, how to save lots of money, etc. but most of
the principles are the same old things rehashed over and over. There just is not a quick fix that can replace
steady, consistent discipline and financial wisdom. What are these financial guidelines that will
help you to have the financial freedom you want some day?
1. Live
within or below your income.
2. Stay out of debt. If you can’t afford it, don’t buy it. Stop using credit cards to pay for things
that you can’t pay for in full each month when the statement comes.
3. Save for a rainy day.
If you follow these 3 simple guidelines, you will find that
through time you have the freedom you wish.
#1 tip is very simple and straight to the point. And I agree to this. I all boils down to living what you can afford.
ReplyDeleteSo true. It is easier said than done, don't you agree? We wouldn't have many of the problems we do in this country if most people, including the government, followed these.
ReplyDelete