How to save money for a house and how to plan for the future.
Here are few points.
Leave within your means. If you earn $100 save minimum $10 up to $50 of that amount. Never ever spend more that you earn.
Have a 6 months to one year emergency account meaning if you cannot work all expenses can be paid from that reserve. This amount will increase with your age and with the increase of your standard of living.
Always have cash money in your house and in your wallet. How much ( in your wallet or purse enough for 2 meals, cash in your house 3 months of expenses meaning rent or mortgage utilities and food).
This saving account should be divided in three parts one for education one for travel and another part for investing in real estate.. Your goal is to own the roof over your head.as soon as possible.
Invest in yourself invest in education so you can get a higher income better position in your field. Read books about self mastery about how to improve yourself and about money.
Travel every year. Set apart money to see new places within your budget with a part of the money you saved. Never travel on borrowed money. After each trip new ideas new solutions to existing situations will be found.
Never ever allow other to think for yourself. Decide yourself what will you do with your money.
If you have a credit card use it wisely. Always pay in full all the money you have spent on it. Never pay interest on a credit card. Think about the CEO of credit cards make over 50% profit from the interest you pay. They make billions of dollars yearly in profit. You do not want to be scammed by those people.
Always keep the money in accounts where you have access to your money without loosing any money. If you can loose the money in any place do not place the money there.
Eliminate expenses that harm your body such as smoking, alcohol drugs ( even prescription drugs) Something that has no life cannot give life. Spend time in nature in fresh air. You will get inspiration and energy and ideas while you walk or run if you can run.
Have an emergency account only in your name even if you are in a relationship and you have a common account as well.
Me, I do not believe in crypto currency. but you use your own judgement for where you place your savings.
I am writing this blog after i found out that a brilliant scientist and author David Wilcock took his own life because he had so much debt that he could not handle it.
