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HOW TO HAVE MORE MONEY
I took some inspiration from @getjoemoneyright for this post. Credits to him for the original idea!
Hey Curious Investors! When I was younger I used to think the only way to have more money was by making more money. That is obviously not the case
Making more money is great! But what good is it if you just keep spending more? No good! That’s how people get in the rat race. They buy more expensive “stuff” and live a more lavish lifestyle when they get paid more than before
They have higher incomes now and yet they end up with less money than they had with a lower income. How weird!
A major key to becoming wealthy is by being frugal! Spend little on materialistic things that you do not really need. Especially things that you buy merely to impress others! Those are the worst...
If you are in this situation do not worry. You can get yourself out just as you got yourself into it! The key is knowing EXACTLY where your money is going on a weekly and monthly basis
Record all expenses you made. And I mean ALL! Next, see how much you spend on “needs” and how much on “wants.” Then eliminate all of the luxuries in your “wants” category. Eating out, new clothes or shoes, high monthly phone bill, high monthly car bill, you know what I’m talking about...
I can hear you thinking: “but can’t I enjoy life and reward myself for my hard work by eating out or buying shoes?”
Sure you can. It is your money. I’m not telling you how to live. Just know that once you spend that money, it stops being YOUR MONEY! It becomes the restaurant’s or the FootLocker’s money.
If you save it you could invest that money and start building your asset column that could support you for the rest of your life. Your choice
Stay Curious
❤️ Robert
#moremoney #passiveincome #financialfreedom #budgeting #financialeducation #personalfinance #thecuriousinvestor
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