November 9, 2014

Living below your means is critical to getting ahead in life. What can a person do to make this happen over long periods of time?

2 thoughts on “November 9, 2014”

  1. Garrett Haag says:

    Paying yourself first is a good step to live below your means, if you set aside some money before you go and pay for anything else you will have that money in a safe place that it wont get spent. You also need to outline the difference between your needs and your wants. You need to know that a fancy new car still gets you from point A to point B as well as an used reliable car. You need to avoid debt when you can and never pay interest on anything besides a mortgage for the most part. You need to have a personality of a saver and not a spender. You can change how you look at the world over time by making little changes in your life like not eating out as often and cooking your own means, or not going out and partying every weekend just because its the weekend. If you can save money where you can and put it aside in to a retirement or emergency account you will be on your way to living below your means. A net worth statement and a tracking your spending are important steps to take also. Its hard to save money if you dont know where you are spending it, identify your week spots when it comes to spending and work on them, its the little things that help the big picture.

  2. Mike Finley says:

    Well said, Garrett. There is little to add to your comments. This is all about picking up the right mindset. Once an individual does that, habits and behaviors follow. YOU are the answer!

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