The rules for a decent financial habit

in hive-175254 •  4 years ago 
Learn how to pay yourself first.

We live in a world where we unintentionally slave ourselves away for others, to us it may be that we are paying for what we want to enjoy but in actual sense we are only working very hard to give to other people. Nothing goes for free any longer so for every service received, it only means that you have to pay for it.
You have to pay for your transportation, you have to pay for rent and you even have to pay your staff and before you know it the entire money is finished. I have heard stories of entrepreneurs who always appear shabby and unkempt and to even crown it all up they cannot afford eating something good while some of their employees drive good cars and eat well.

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The reason behind this is very easy to decipher, the entrepreneur has refused to pay himself, the first person you should pay after you receive your pay check or after you calculate the profit for your business is yourself, then you can begin to pay other people subsequently.

There is nothing called luck.

Those who appear lucky to us are those who dared to take action in the first instance, luck will not come to someone who stays in bed all day it is only applicable to those who are ready to get out of their comfort zone and take necessary actions required to achieve their goals.

Your ability to build wealth is not about how much you earn.

We know that life is not balance and people earn differently, now the amount earned by an individual at this point does not guarantee his level of wealth in the long run. There are celebrities who earn huge figures in their prime but when they seize to be called celebrities, they have nothing to show for it not even a decent roof over their heads, they were carried away with the praises and hailing of men going to club and spending lavishly the way the money came and when the source of the money closed, there was nothing anymore to show for the wealth attained. Either you are earning a very high amount today or your income is low, it is important to understand that the value you get for your money in the long run is in your decision to spend wisely.

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As you say, nothing is free in this life, everything has a price and a cost, that's why we can't just sit around and do nothing, we have to produce in order to have the quality of life we want!

Absolutely!!! Thanks for the feedback.

This is important, to be able to recognize oneself as deserving of a benefit for one's work.
The reality is that yes, we can be a kind of modern-day slaves, but we must know how to value ourselves.
Knowing how to save, invest, and above all, have control over our expenses.

Very true!!!! Thanks for the feedback.

There's a phrase I like very much "what you do for fun, someone has as a profession". The difficult thing right now is not whether I work or not, the real question would be, what do you do to make money?

That's the point!!! Appreciate the feedback.

Your ability to build wealth is not about how much you earn. Discipline really matters a lot. High level of financial discipline helps in rapid and fast building of wealth

Absolutely!!! Thanks for the feedback.

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