One Little Secret for Becoming Successful
There is one little secret you need to know if you want to improve you want quality of life on planet earth.
It’s a secret that everyone knows, an open secret, but is just so hard to grasp for some reasons.
The secret is you must live below your means. Far below your means.
That does not mean you need to live in filth like an animal, it means you need to pay as little money as humanly possible for you to live. If you can live for free, so much better.
Typically, when someone gets a job, a “good job”, their life expenses increase as well. They will usually rent a nicer apartment or “buy” a nicer house (with a mortgage) and they will typically purchase or lease a new automobile. These are big expenses and they come with many hidden expenses like higher insurance premiums.
As the income goes up their spending goes up to match it. Bills, bills, debt and more bills. More money, more stress as they say.
With so many bills there is no way a normal person can just quit their job and focus on an entrepreneurial endeavor.
You need money to live. There is no way around that but if you spend the majority of the money on your home and auto you have a tiny, tiny chance of ever breaking free and making money as an entrepreneur.
Buy what you need and only what you need and don’t buy luxury. The right time to buy luxury is when luxury seems cheap to you.
You don’t want to spend all your time and energy just working to try and pay rent. Your time and energy should be spent on other things, like building your business.
Spend your time making more money and buying freedom. The answer isn’t to slave away for your boss man, making him rich so you can barely get your mortgage paid.
A lot of people can’t get by without buying all the new toys and digging themselves deeper into debt. Fine for them. Live below your means. Live Spartan. Make the money, put in the work. When the new luxury home seems cheap to you that is the right time to buy.
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Good advice. Good finance books help too