There are some tips on money that you will not find anywhere and that are relatively easy to follow starting today.
- Ask for advice from people who live the life you want to live. Consider their knowledge as valuable information that will help you make better financial decisions in the future. For example, you may need to ask yourself why you seek advice from a colleague who is not a successful investor.
- To have a purpose in life, not just a financial purpose. A lifestyle means the way you live, while financial goals
are specific things that revolve around money. One purpose of life is the “why” behind all the reasoning and hard work behind these financial goals. By shaping the life you want to live, you will learn to create financial goals and make better financial decisions that will bring you to that lifestyle. - Pay attention to the financial conversations you have and the ones you don’t have. Our financial habits are learned from our family, from friends, colleagues and through marketing messages. Even though we may not talk openly about our financial situation, we have these conversations through the clothes we wear, the houses we live in, the cars we drive, and the phones we improve. It is important to be aware of these discussions, as they influence our credit decisions, our relationships with banks and our spending.
- Wealth is not measured by how much you spend, but by how much you have saved. First, pay yourself and be aware of your saving strategy. We work for a salary to be able to afford various things and we can decide to spend all the money today or put some of it aside for retirement years. If you invest in increasing your wealth, you will be able to retire earlier and fulfill your dreams.
- Beware of lifestyle inflation. If you are not aware of how you spend your money, you may find that you have spent twice as much money as your monthly salary. Lifestyle inflation can keep you from saving and building your fortune. Do you think that you will start putting money aside after the next salary increase or after you move to a new job? The chances of always appearing something that prevents you from saving are very high, so start today.