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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