Simple Practices that Lead to Wealth
I don’t want to clip coupons or shop in thrift stores. And, I don’t want to have to count my dimes or create a monthly budget. I don’t want to dwell on my bills or my expenses. Most of all, I don’t want you to waste your time on this either.
Spend some of your spare time increasing your income. Pay off any consumer debt or loans as quickly as possible. Don’t buy anything you don’t need or can’t afford. Pay your bills promptly and in the most efficient manner.
Despite the downturn in the economy, most wealthy people are still living pretty large. This happens throughout history. The working classes lose the most in a recession, while the wealthy seem to ride it out in style.
I just watched a great show on ABC Friday night called Un-Broke. In case you missed it, this was a special that included stars Will Smith, The Jonas Brothers, Rosario Dawson, Samuel L. Jackson, Cedric the Entertainer, Seth Green and many others.
I recently had a conversation with someone who was trying to pay off student loans and credit cards, while still trying to lead a normal life. His comment was “whenever I talk about going on a budget, everyone in my family gets upset and calls me a cheapskate”.