Once you've acquired some wealth, you want to protect that from external factors.
You want to keep your assets safe from legal institutions and ensure you don't pay more tax than required. You will have lawyers and accountants to take care of these items.
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Consider your values and priorities when you draw up your spending plan. If going on vacation or giving to a charity is important to you, include those items in your spending plan.
Pay down your high-interest debt as quickly as possible.
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Stoicism is a life-survival strategy, a way to protect one’s sanity while facing the ups and downs of life. It helps us focus on what we can control and to let go of the stuff we cannot control.
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No matter how little you earn using income-generating skills like writing, speaking, coding or managing, you can get started with investing by simply earning more than your expenses.
One needs to focus on the income-generation part and create value out of nothing, using one’s skills.
Earned income comes from what you "do for a living."
Evaluate your income situation annually.
To ensure that you save enough money, your wants should not exceed your budget.
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