You can save every penny you earn, but if you're not making enough money to begin with, you'll never get ahead.
The truth is, if you want real financial stability, you need to do one thing and one thing only: make more money. There's no getting around it.
9
204 reads
CURATED FROM
The Brutal Reality of Why You're Still Struggling Financially
tmmusings.substack.com
4 ideas
·843 reads
IDEAS CURATED BY
Before we begin, I'd like to clarify that I'm not a filthy rich person, nor am I in a state of poverty. I consider myself to be financially stable. And if you’re wondering why I feel qualified to address this sensitive topic, the answer is simple: personal experience.Throughout my life, I have faced some of the most difficult and heartbreaking circumstances (some of which I cannot openly discuss). However, despite these challenges, I have managed to overcome most of my financial difficulties. While I still have some remaining debt, I have plans to address it.
“
The idea is part of this collection:
Learn more about moneyandinvestments with this collection
Identifying and eliminating unnecessary expenses
How to negotiate better deals
Understanding the importance of saving
Related collections
Similar ideas to You Need More Income
The key to the habit of saving is to save a bigger percentage the more you earn. When you start, you may only be able to save 10% of your income, but it is a mistake to commit to the same amount if you earn more.
However, it's a losing game to only focus on saving money. L...
Your budgeting style will change over your lifetime. You may use the envelope method when you need to be stricter with yourself.
Some people feel less stressed when they use budgeting styles that track every penny. Others find it is enough to run cash flow and know there's...
It is natural to earn more over your lifetime. But a person can only earn more if they learn more. Further education enables an individual to provide more value.
Earning more is like a habit. Every year, we learn new skills and ways that will increase our ...
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates