Money, an asset that is often lacking in every day life, with an innate specialty of disappearing before a financial emergency, is vital to our every day existence in modern society. The ‘norm’ in today’s society seems to be: work for your paycheck, spend more then your paycheck, and borrow the difference. The ‘norm’ doesn’t offer any positive gains, no long-term reward for your hard work, no positive result.
So, if money seems to always be in a low supply, how does one alter this ‘norm’ so that they can have savings, an emergency fund, and financial peace of mind? They dare to be different, they dare to be conscientious spenders, they dare to save and to live on less than what they earn, they risk the scrutiny of family and friends in order to reap long-term financial success.
Living on less then you make is not easy, and may not be fun, but it is well worth the ‘sacrifice’. Did you know…
Investing $100 per month from twenty years of age until the age of sixty-five, with average market returns, will result in an account worth over $1,000,000!
No, you do not have to deprive yourself of all treats; having savings, an emergency fund, investments, and final peace of mind is not hard, the trick to it is being conscientious of where your money is going and taking control of your money instead of letting your money control you.