The solution today is that you must save and invest at least 10% of your monthly income on a monthly basis. Withdraw 10% of your income, you will get a savings and put it into a special account for financial growth.
The truth is that if you only save $ 100 a month for the rest of your working life, and you invest that money up to 10 percent normally, it will make your money worth more than one. Million dollars when only retirees. This way, anyone can do it, even if the salary is low, when you start from scratch, save more and more and become rich in your career.
Making a habit of saving and investing in your life is not easy. It requires commitment and high will. You need to set goals and write a plan to do so at all times. If you can get into the habit of following these tips, you will be financially successful.
Save, save, save again, save everything. Think of a penny and spend it on something useful and important, just ask yourself all the time. Suspend or postpone purchases you made last week, if not this month. You buy what you have decided for a long time and your decision will be better with the right price so you do not have to spend on something that is wasteful.
The main reason why people face poverty when they retire is because of the buying momentum. This means that when they see something they like, they will buy it regardless of whether it is necessary or not. They become victims of what is, in Parkisons' law, which says that when you spend more than you earn, no matter how much your salary is, as long as you are willing to spend more. Moreover, your wealth will not increase and you will not be able to escape debt.
But if you do not have to be a victim of Parkisons law. If you can not save 10% of your income, just start saving 1% of your income in a special savings account. Start putting money into your account every month, even if you used to be in debt.
Continue to live on 99% of your income while you continue to live on 99% of your income, your savings level increases by 2% of your income, then 3% by 4%. Will continue to move forward. In one year you will save 10%, will be able to earn about 15 or 20% of your income and live a healthy balance. At the same time, your savings and investment account will start to grow.
You will be more careful about spending more and your debt will start to pay off. In a year or two, your finances will be completely under your control and you will be on the path to riches. This process serves people who have tried it. You can try it !!!!!!!!!! and then you will know for yourself.
