http://tips4wealth.com/1-important-financial-decision-live-below-your-means/



With the global financial turmoil, a lot of people cannot find jobs, those that have jobs are worried that their paycheck hardly goes a long way, hence they have to borrow from loan sharks to support themselves while they await the next paycheck so that they can pay the loan shark, so that they can borrow some more, to payback some more…on and on and on… with extortionate interest each time…and so the debt cycle continues.

If you are constantly worrying about your finances, there is one crucial life changing choice that you can make today, to ensure that your future financial success is secure, so that you and your family can lead a comfortable life. YOU HAVE TO LIVE BELOW YOUR MEANS.

Now what does this mean? a lot of people might ask. In layman’s terms, this simply means spending less than you earn. First, you have to balance your Means ( your paycheck) with your Needs. Identify what your daily/monthly needs are and where possible, try to prioritize them and ignore less pressing ones, so that with time, you can learn to meet these needs according to what you can afford.

Living below your means will almost guarantee you some personal savings which you can put aside for future investment, so that as you grow old, your savings and investments increase, and your financial worries decrease.

http://tips4wealth.com/1-important-financial-decision-live-below-your-means/

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