Learn more about moneyandinvestments with this collection
How to build confidence
How to connect with people on a deeper level
How to create a positive first impression
Temptation to spend
It is tempting to spend more when your income rises. But savings rely on the ability to receive an extra dollar and say: "I can spend this money, but I'm not going to."
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Financial wellbeing
Financial wellbeing can't be measured by only focusing on how much you earn. The gap between what you earn and what you spend is an important figure.
Household savings fell by 30% during a period when median real income rose 40%. Even though Americans earn more than ever before, ...
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694 reads
Leave your gains alone
Earning more will do little for building wealth if every extra dollar is offset by a dollar of new spending.
Wealth has less to do with your gains and more to do with your ability to leave gains alone without cashing them in.
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429 reads
Live with less
- Learn to live with less contently is easier and more in your control. It has the same effect as growing your income.
- Money has a lot to do with the actions you don’t take. Everything has a price, and prices aren’t always understood.
- The price of building wealth isn’...
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544 reads
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8. Income - Saving = Expenses
Reality is our equation is always 'Income - Expenses = Savings' But we should priorities our savings and then we can spend freely on our expenses without any regret.
This mindset will eventually help you to have control over your spending and you will spend your money on things which you r...
The "zero-sum budget"
An emergency savings fund buffer is vital for freelancers. It will help you to keep your head above water when your income fluctuates.
A zero-sum budget means living off last month's income alone. This can be done in the following way:
- Start
Spend time tracking your money
Most people react to their finances. The problem with that is that you rely on chance to have enough money in the bank when you actually need it. Be intentional about your money and spend time reviewing and evaluating it. If you don't, you'll never know if you're moving in the right direct...
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