Embrace and say thank you for the little things. Are you going out to eat tonight just because you want to? Say thank you. Say thank you to whoever or whatever you deem as a factor that put you in that place.
You can become a control freak with your money. But at some point, you have to understand that you cannot control everything. Use your precious energy and time for things that you can actually control. Leave the other stuff for the universe to figure out.
So no, I don’t have a sexy debt payoff story at all. I didn’t save half of my income right out of college so I could pay off my debt right away. I didn’t pay off truly intimidating and inspiring amounts of debt in a single year.
Most young couples that I know are at least intrigued by the possibility of living a single-income lifestyle. Many of them feel that it just can’t be done with the cost of living, payments, education etc. and so they just accept the way that things are. This post is written as an encouragement to anybody who is considering becoming a one-income family.
How do you raise successful kids? Teach them to delay gratification. Have them develop willpower. Build their “no” muscle.
There are plenty of day laborers and people toiling away at minimum- or low-wage jobs who will never get ahead. Hard workers are not hard to come by, but hard work is not enough and has never been enough. Truth is, America has never cared that much about hard work. Why do we keep perpetuating this myth?
The results are staggering. The spending and earning lines move further apart from each other every year by a bigger amount. That’s a gap that’s improving by leaps and bounds.
In its simplest form, a budget is designed to help you stop spending money on the things you don’t value and allow you to spend money on the things that you do value.
In a system that is all about growing the gap, I can’t think of a stranger practice than taking all that time and effort to put yourself ahead with dollars, just to eat them back up a few cents at a time.
I soon discovered that not only was I spending significantly more than I estimated on food, but also that I would be unable to hit any savings goals until I was ready to be more deliberate in my spending on food.
Investing is one of the most important ways you can grow your wealth over time, but it can also seem intimidating to people who haven’t invested before or who have lower incomes. Investing can actually be very simple, especially since the best investment advice is “set it and forget it.