How to attract wealth? Phrase of the day #3
"Beware of little expenses, a small leak will sink a great ship." - Benjamin Franklin
As we have stated in the previous phrases, we always need to take consciousness of our #budget and in what kind of things we spend #money.
You don't need a huge salary or an inheritance to start #investing in your future and in your life. You just need to focus in your goals and be willing to do some sacrifices to achieve them.
Lets start with that credit card... can you live without it? Can you manage to have a budget and follow it? Try for a month not to use your credit card and only use debit or cash (if you use #crypto its better!). Then pay more to the credit card than the minimum... after a month ask yourself:
Was it really that hard?
Did you managed well without it?
Next month are you willing to do the same? and next? and next? until your balance is $0.00
Little changes come before big changes!!!
Don't forget to follow me on twitter as well @criptostalker
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Credit is one of the biggest problem in the persuade of wealth and financial freedom, thanks for the tips
Hi @agentwilla,
In my personal experience credit is the hardest trap to get out from. Some times it is easy to access and when in need is the "easy" money on hand.
The thing is that it should be used only as emergency money, but is better to have an emergency fund.
Every case is unique as the personal situation of every person, but I do believe that #crypto has given us the opportunity to help other while we help our own situation.
Some other times, credit should be seen and used only as a creator of wealth. If the % it cost you borrow that money is less than the % having that money will give you, then is a good investment.
This is NOT a financial advise, do your research, do your maths, analyze your own situation and balance the options.