3 reasons why you’ll never become wealthy

We routinely hear about ways to save money, and budget wisely at the start of the New Year. Why not right? This is a time when we set our New Year Resolutions and maybe yours’s included saving money, and the New Year brings the start of the Tax Season. Whatever the reason, anytime is a good time to turn our attention to our money; what and how we spend it.

On January 8, 2018 entrepreneur.com shared a video on 3 reasons why you’ll never become wealthy.   Although all 3 are good ideas I’d draw your attention to 2 and 3.

2. Spending less:

  • Clean out and purge unused items (add up the cost of these items).
  • Old rule but can this be applied: Use cash
  • By things on sale, do your research.

3. Pay yourself first and live on what’s left. Then return to #2.

Entrepreneur.com Video: Why you’ll never be wealthy
Want more tips and resources, Read my earlier Blog post:
Putting my Money Where My Mouth Is- simple Budgeting tips 

 

Jéneen R. Perkins is a freelance accountant and consultant serving entrepreneurs, families and small businesses. She prides herself in being a Freelance Accountant, Fluent in plain English”.

Category:Resources
Tags: budgeting