POON BA SI ALDEN RICHARDS: LONG KISS TO ALDEN UMANI NG BATIKOS

MATAGAL NA PAGHALIK kay Alden Richards sa meet & greet ng YALE, umani ng BATIKOS

Earn More Than You Spend

My wife and I have done fairly well with our finances, primarily because we spend less than we earn. Another, and perhaps better, way to look at this is to earn more than you spend. I am not implying you should deprive yourself from the things you enjoy or live a monk’s lifestyle.

My belief is that you should focus on buying value on the the things you enjoy, and you should focus on making big wins to reduce your expenses on non-essentials and things which don’t bring you joy. For example, in our family eating out is a treat.  We save a lot of money by not dining very often.  But, when we do dine out we focus our efforts on nights where kids eat free.  Not only do we save money this way, but if my son decides that tonight’s dinner choice is not high on his list of priorities, we didn’t waste money on a meal.  This takes the financial tension out of any wasted food and allows my wife and I to enjoy the meal more.

Above all else, living within your means is the key to financial success. If you can combine both of these principles, earning more and spending less, you will be ahead of 95% of the world. If you want to supercharge your millionaire journey, it’s important that you aren’t spending every dime that you earn.

You probably can’t demand a raise from your boss, but there are a few simple ways that you can essentially give yourself a raise. Simple cutting out some of your major expenses, like canceling your cable or going out to eat less can save you hundreds of dollars every year. If you save $200 every month, you’ll find yourself with $2,400 at the end of the year.

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