Tips:
- Spend less than you earn, live within your means
- Pay yourself first. Save first and spend whats left. Not the other way around.
- Find a mentor, model their behavior
- Write down you goals
- Set a trajectory for success, by aiming at exactly what you want!
- Take Action! start working towards your goals today. An object in motion tends to stay in motion! so create some momentum!
- Ask yourself what the worst case scenario is, and work toward minimizing the impact of that scenario
- Action is more important than IQ
- Ask yourself when making purchases; does this waste money or make money?
- Don't seek others approval, focus on where your going not where others are at.
- "It's better to be anonymously rich rather than deceptively poor"
- study successful people! Because success leaves clues!
- Cut your losses and move on. Focus on the future, don't dwell on the past
- Cut your expenses whenever possible!
- When making a purchase, choose quality of quantity. Buy it nice or buy it twice.
Stratigies:
- The Snowball method
- The Avalanche method
- Automatic account deductions
- A written budget
