Do you value your own time?
If you do, why do you spend hours on end searching for deals on clothes or shoes?
If we put a dollar value on our time and base our decisions off of that we'd be able to make ourselves more productive and more likely to be time-efficient.
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When we invest in ourselves and spend less time on entertainment and consumerism ideals, we can actually build a more stable career.
With our free time we can start a side business, learn how to make money work for us instead of us working for money. By having multiple streams of income we'll feel more at ease because money doesn't control our lives.
Mindless shopping is a money destructive habit that makes us want more and crave for more by futher developing our consumer mentality and allowing it to swallow us.
Many of us believe that we have to spend money in order to have a good time and while it's nothing to be ashamed of, we have to pull ourselves out of this mindset because it will only empty our bank accounts.
Learn how to give up consumer mentality and instead rely on inner joy and practice more mindfulness.
Most people see credit cards as a free loan but it really isn't. Most countries use credit cards in order to build a good credit score however in order to get out of deb, one must:
If you've ever heard of the saying "live below your means" I'd like you to know that I am a big believer of it and should I ever have the need to borrow money, for example a car, I'm living above my means.
However, it doesn't mean that you won't get to enjoy life. It just means that if you want to enjoy your life while also ridding of your debts, we must temporarily allow ourselves to live with what we can afford.
Personal finance is about managing your own money - how much you spend, save, get into debt, and invest.
How you manage your money will depend on your age, education, ambition, family, and country of residence. While this guide will give you enough input to work out a strategy, you should always consider your own personal situation.
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