|Posted: March 6, 2016, 10:05 am - IP Logged|
These threads are boggling my mind, You should look for sound advise as soon as you start working.
Number one, for every dollar you make you put 10 cents away in savings.
Number two, you don't live beyond your means.
Number three, learn about investing.
Number four, don't be satisfied with one source of income. Make your money work for you.
Since most people are paid on an hourly wage basis, an easy way to have something to show for your work is to pay yourself the first hour's wage each and every day. Unless one works longer than 10 hours per day, that actually will result in a person saving more than 10 percent each day...and it is tangible. If one wants to be sure of getting ahead sooner, targeting saving the first 2 or 3 hours of earnings each day would be the way to go. Setting one's mindset like this makes it easier to direct that amount to savings / investment account whereas percentages can be a bit more abstract.
I definitely agree with all the rest of your tips.
The hard truth that most don't want to acknowledge is that the rich are getting richer BECAUSE they do consult with attorneys and financial professionals; conversely, the poor and middle class are getting poorer because they do not seek such counsel.
Get MONEY!!! Winning a JACKPOT lottery is all the HOPE and CHANGE I desire!!! NOW give me MONEY!
The guy who won the presidency in 2008 really won the lottery...he is now millions richer, travels in first class style, and even has a staff that would be the envy of the richest Powerball winner (she has a staff of 2). Every night he goes to sleep, he probably plays the close of Dave Chappelle's Show: I'm rich beyatch!