7 Ways To Spend Your Money Wisely, By Phil Town.
Updated: Nov 1, 2018
For many people, financial struggles are due to not bringing in enough money. For many others, though, the problem comes from not wisely spending the money that they do make.
In this video, we'll take a look at seven ways that you can start to better spend the money you earn in order to help you reach your financial goals. Source: Phil Town.
1) Track your finances
2) Think about the long term benefits and drawbacks of purchases
3) Only put money on a credit card that you can afford to pay Off every month
4) Stop trying to impress other people
5) figure out what habits are draining your budget
6) Learn to value savings over products
7) Start investing early.
“I view investing as a method of purchasing assets to gain profit in the form of reasonably predictable income (dividends, interest, or rentals) and /or appreciation over the long term.” ― Burton G. Malkie.
“When money realises that it is in good hands, it wants to stay and multiply in those hands.”
― Glenn King.
“If you aren't thinking about owning a stock/investment for ten years, don't even think about owning it for ten minutes.” ― Warren Buffett.
“If you invest nothing, the reward is worth little.” ― Richelle E. Goodrich.
“Invest your time into finding a solution to your problems” ― Sunday Adelaja.
“The best investment you can make is an investment in yourself. Spend your time, money, and energy on improving your life and self.” ― Avina Celeste.
“The intrinsic nature of life is to make an effort to move ahead, to grow and to achieve success. Even a small seed has to break ground in its struggle to grow into a mighty tree.” ― Arshad Wahedna
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