Being Rich

You don’t have to be rich to live like a king.

Four things are needed: Being positive, helping, spending wisely, and saving. Things keep getting cheaper every time, specially gadgets and tech-related things. The most important factor is learning how to invest. This is related to everything, property, domestic appliances, schools, accessories, gadgets, computers, televisions, movies, subscriptions, services, everything you can imagine!

Point #1: Before spending on something, double-check if it is really something you need or would like, if it is, something expensive is not always the best. I once bought a top quality, dual-alarm, ipod/usb digital alarm clock which failed in the first 4 months, and the warranty would not be accepted outside of the USA. It was a stupid purchase, and I failed to do a detailed revision before buying it.

Point #2: If you are working, do a spreadsheet involving how much you earn, what you are aiming to buy and how much it costs, and then separate how much you need to save up during how much time to buy it. It’s really easy, and really effective! Then as the money comes in, separate it into different boxes, or your bank account, but keep track of how much you have saved for each thing on your “to buy” list.

Forget about credit. Most of the economy’s problems are due to credit “situations”, mortgages,  not earning enough to pay “the card”, and the similar. Saving and then buying is always the best strategy, so next time you think about charging something to your credit card… think twice! It’s probably best to get rid of the credit card and use debit only anyway.

Related posts:

1. Credit is NOT bad
2. New Song: I Failed You