Question:

not spending more than you earn is the true key to being wealthy

by Guest3706  |  12 years, 8 month(s) ago

0 LIKES UnLike

To establish whether or not you spend more than you make, you need to know only two pieces of information. How much income you have and how much you spend. Both of these are relatively easy to establish with the help of your bank and credit card statements and a calculator.

Ideally, if you have three months of bank statements to hand, you should be able to establish whether or not you are successful in this rule. If you are, congratulations, keep up the good work - probably easiest accomplished by making and sticking to a budget -

If you are not successful in this rule yet, there are essentially two ways of turning this situation around. You can either earn more or spend less. There are loads of resources to help you find which flavor of these solutions you would like.

 Tags: earn, key, spending, true, Wealthy

   Report
Answer The Question I've Same Question Too

1 ANSWERS

Sort By: Date  |  Rating
  1. Maravarman
    by the way to boost your income, you could get a second job, turn a hobby into a business, take in a lodger, start childminding, sell your excess stuff at a car boot sale. To spend less, you can cut down on frivolous spending, move to cheaper accommodation, switch your bills, and get the best deal on everything you do need to buy.

    The important thing is that you need to do something, and the sooner you start the better it will be.

Sign In or Sign Up now to answser this question!
You're reading: not spending more than you earn is the true key to being wealthy

Question Stats

Latest activity: 15 years ago.
This question has 1 answers.

BECOME A GUIDE

Share your knowledge and help people by answering questions.
Register Now