Okay, lets face it, we all know that we should invest but here’s the problem; investing is hard to do! We all love to spend our hard earned money but can’t bare to save any of it, why?
Well let me tell you why, it’s because we can’t get enough of it. There are people who make 60k+ a year and still have more debt than those who make 30k. How is this possible?
Problem: No matter what salary bracket you’re in, you have your own idea of what is “expensive” . People who make 30k a year will generally have a tighter budget than people that make 60k because they have to live with what they have. So when your budget is higher, then you tend to let yourself buy more things.
Solution: So put your shoes in the poor mans shoes, cause that’s a great way to start. You’ll notice that half of the junk you buy you don’t really need. And with that money, you can be saving. You just have to adjust your lifestyle so that you have the room to save. For those of us who do not make 60k, which according to statistics most don’t, you can start by putting away your credit cards and only carrying cash. This way you can visually see what’s being spent and what’s being “preserved”.