Spending money is easy but keeping money is war.
Everyone have an automatic anointing for spending, because we believe that the purpose of money is for spending.
Managing money has been a major problem in the society; but after reading through, you will be glad you'd.
While having conversations with a friend at his residence last week, I saw a kid of 3years welcoming a man who came back from market. The man gave the kid #50, the next thing I saw was where the baby boy was chilling off with his biscuit.
Human have the notion that money is meant to be spent and for that reason, Father, mother and children are spending (Money spenders).
You are a money spender, yet you want to land into wealth.
You don't carry money from somewhere rather you grow money and multiple it.
If you don't know how to manage your money, even if you are given 10million for free, it will finish but if you learn how to manage and grow your money; you will know that money has current, that's why it's called CURRENCY.
Ways to cut down your expenses
1. You must discipline yourself in terms of spending if you want to grow money and retain it.
2. You must spend less than you earn else you become a beggar.
3. You must learn to write down your budgets and use it to cut down your spending (needs and wants).
4. You must learn the triangle shape of wealth (Earn, Save & Invest).
5. You must learn to buy asset's and not liabilities.
6. You must not live to impress people.
7. You must be hard on yourself today, so that you will smile tomorrow.
Many believe that they will start saving and investing when the start earning more, but according to Parkinson's law of money; it says that your expenditures rise to meet your income. When you earn more money, your needs become more and you end up spending more money.
Start saving and investing today.
Do you know that Saving $1 daily X 365 days, you have successfully gotten your house rent for the year without touching your budget money, investment money, flexing money, necessity money and emergency money.
If you master these principes, you will pay yourself daily from your monthly salary.
That is right but then difficult to do. Usually and the truth, it is always spend first and save later then at the end no more later. All had been spent.