How to switch from consumer to investor

Compare the total monthly family income with total monthly expenditures. If you have excess money after paying your bills you can save or invest it, otherwise, you have to reduce expenses, increase revenue, or do both.

Analyze your monthly expenses, and set priorities in spending. After ...

Investors put their money to work. They know that the money they set aside today sets them up for financial freedom.

• An investor puts any excess money towards investments that will earn more capital.
• They value learning new skills and think of ways to use it...

Some people are disciplined enough to manually set aside "leftover" money at the end of every month into a high-interest savings account. Others take the decision-making out of the equation and automate the entire process. Most banks have a feature that allows you to set up recurring transfers fr...