If you want to become rich without being an inventor or setting up a business or even investing, you have to consider two factors that contribute to the weight of your pocket:
- How much you earn
- How much you spend
Anyone with a minimum CS ( Common Sense) knows the following:
How much you earn - How much you spend= how much you keep ( Bottom line)
You can increase your income by looking for a higher-paying job ( preferably looking for a type of job that match your skills and where you can perform without feeling at work)
We all know how to decrease how much we spend: by focusing on our needs and not our wants
(Needs: things that are essential for our lives
Wants: things that we wish to have but that are not necessary to our lives)
Thanks!
Eric
Saturday, April 12, 2008
Thursday, April 10, 2008
Having a more successful financial life
If you are planning to work for 40 years and take a retirement at age 65 or more and then enjoy some time before kicking the bucket, do not expect to see me in your company. The reason for this is very simple:
1. I do not believe in looking forward to enjoy life only when I am 65, 70 or even older. I will be too senile to enjoy life to the fullest.The bet time is when I am still fairly young. I would love to take my retirement when I am 40 or 45 years old.
2. There is more to life than working while looking forward to a time of retirement
3. There are ways to combine FUN and success all life long
Become financially successful takes a lot of planning, a lot of thinking out of the paved road and a lot of "playing it risky" sometimes.
It is good to "go to school, get good grades and get a job" but the real world does not care about scholastic reports. What you need, to achieve success in the real world, is financial knowledge. It goes from knowing where to invest your money to businesses that you can start to enhance your financial status. If you have your money under your mattress, that does not reflect a lot of financial knowledge. Do you know the financial vehicles that can earn you the highest interest on your money without uneducated risk? Do you know the sources of loans ( if you ever need those ) with the lowest interest rates and how to get them ?( I am not talking about the Paycheck Advance around the corner)
If you have any doubt about any of these things, feel free to get in touch with our team at
financialknowledge101@gmail.com
Thanks
Eric
1. I do not believe in looking forward to enjoy life only when I am 65, 70 or even older. I will be too senile to enjoy life to the fullest.The bet time is when I am still fairly young. I would love to take my retirement when I am 40 or 45 years old.
2. There is more to life than working while looking forward to a time of retirement
3. There are ways to combine FUN and success all life long
Become financially successful takes a lot of planning, a lot of thinking out of the paved road and a lot of "playing it risky" sometimes.
It is good to "go to school, get good grades and get a job" but the real world does not care about scholastic reports. What you need, to achieve success in the real world, is financial knowledge. It goes from knowing where to invest your money to businesses that you can start to enhance your financial status. If you have your money under your mattress, that does not reflect a lot of financial knowledge. Do you know the financial vehicles that can earn you the highest interest on your money without uneducated risk? Do you know the sources of loans ( if you ever need those ) with the lowest interest rates and how to get them ?( I am not talking about the Paycheck Advance around the corner)
If you have any doubt about any of these things, feel free to get in touch with our team at
financialknowledge101@gmail.com
Thanks
Eric
Subscribe to:
Posts (Atom)