Get rich, reduce spending unnecessarily

By nature, I have always been someone who spends in a frugal or economical manner. I'm not a stingy one as I even likes to spend on people close to me; that I love and care about. But sometimes I just feel like buying unnecessary things might be a waste of investment and that influenced my spending habits in a very long way. For instance, I rarely spend on things that are not of necessity in nature. Of course I spend much more on necessity goods like food and some clothes. I don't spend heavily on clothes too. Some years back I imagined that the way I spend money or use money is the same with others but it's not so. I come across some people who can spend extravagantly today and be broke tomorrow. I will rather prefer investing my money than buying consumables which will rather not yield any additional income for me.

One of the problems I have is that even though I am very economical in nature, I may be very extravagant in spending especially when it comes to spending on my loved ones, either my parents, siblings or close friends. Maybe because it's just that I have a good heart and I can't possibly not do it. I can't tolerate not spending or giving out money to my close friend in need. I could recalled many times when I will rather go hungry and let my best friend eat from the little I have. Many do say you have to take care of yourself first before thinking about others. I most times don't always try to prove the theory wrong because I quite understand that sometimes you have to take care of yourself first so that you may be in a more better position to help others. But yet, I find it difficult to shun people close to me in need when I can still help them either financially or other kind.

To become rich nowadays especially when you are not in a very conducive environment may be tasking. But reckless spending won't possibly make you a rich man, instead it decrease your assets, increase your cost of living and eventually make you poor. Many people assume that by collecting large amount as salary can make them rich but it's not, especially if that large amount is not well managed. Many people thought that they can become rich by spending more on liabilities and expenses than acquiring assets. Wealth creation doesn't work that way. Profitable investment couples with good savings are two major factor you can't run away from if you want to be rich or wealthy. That is why I make it as a point of duty no matter how small to always invest and not use all of my money to eat.

I believe investment will pay definitely in the long run. I have restricted myself to eating once in a while some years back because I want to save money. Even though we have numerous needs with little resources to meet them. However it doesn't dispute the fact that saving little from your income will really be beneficial to you. When I was still in high school. I will save periodically in my piggyvest then and withdraw it once it reach certain time. My mom encouraged this act since I was little then, because she believed that savings should be inculcated as a value and also to help manage how to spend money. Don't spend on things that are not important, spend on acquiring assets instead and invest your money in the right way. Getting rich this way won't take long.