If you want to manage your money successfully, this is one of
the most important principles to follow. And this is where most Americans have
gone, and will continue to go wrong.
People want to have everything…now.
They just can’t wait until
they can afford it.
Wait until you can afford something before you buy it. It
will feel better when you get it.
If you continue to purchase things you can’t
afford, you will be on a downward spiral that will continue until you go
bankrupt.
If you always live below your means, you will always have
extra money to save and invest.
Over the years, your money will continue to
grow, and ultimately you will find yourself with significant financial
security.
Keep in mind that living below your means doesn’t mean living
badly.
It means you need to prioritize your spending and focus on what is most
important to you.
It means “living smartly.”
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