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question. Ideally, the answer is obviously YES but because so many people never properly learned how to manage their money (and their spending) the answer is more complicated. You see, many of us who havent learned proper money management skills have the distinct displeasure of being turned into only a temporary stopping point for their money as it travels along to its final resting place in the coffers of their creditors, usually the credit card companies. Think about it, did you ever receive any formal training on how to manage your money? The answer is a resounding NO for most people. The average person has received their training , or more accurately, brainwashing, via TV. The extremely talented and creative
THE IRONIC PART IS THAT YOU BEGIN YOUR WORKING LIFE AS A MILLIONAIRE in
the making. Thats right! Lets do the math if the average household income is $ 42,000 and you work from, say 20 to 65 years of age, you make just short of $ 1.9 million. Bump the household income to $55,000 on average and you earn almost $ 2.5 million! Thats a lot of
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Heres a real blast from the past dont buy what you cant afford!!! Shocking, right! Well thats exactly what you need to do to begin to dig yourself out of debt learn to live on a Cash Only basis with no credit card, or debt financed spending. It will be a difficult transition for many, but because of the way that debt, and credit cards specifically, are set up, you will never, ever get yourself out of debt if you dont stop adding to your balances. PERIOD. Old fashioned Monthly Budget Envelopes work great for allocating cash to specific bills.
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Copyright holder is licensing this eBook under the Creative Commons License, Attribution 3.0 http://creativecommons.org/licenses/by/3.0/ Please feel free to post this eBook on your blog, email it, or link to it with whomever you believe will benefit from reading it.
your expectations during this process, because paying off all of your debts will not happen overnight but good things are worth waiting for right? You will need to remain disciplined, dedicated and consistent to dig yourself out of the debt hole you have created, so stay the course and you will be one of the few who reach true financial security. Stats show that a very small percentage of the population will be truly financially independent after retirement, and that number is expected to continue to shrink.
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Copyright holder is licensing this eBook under the Creative Commons License, Attribution 3.0 http://creativecommons.org/licenses/by/3.0/ Please feel free to post this eBook on your blog, email it, or link to it with whomever you believe will benefit from reading it.
to live on a Cash Only basis, as I said earlier. If you have ditched your credit cards and only carry cash, cash that you have a very specific purpose for every month based on you Budgeting, you will not be swayed by impulse. Studies have shown
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Copyright holder is licensing this eBook under the Creative Commons License, Attribution 3.0 http://creativecommons.org/licenses/by/3.0/ Please feel free to post this eBook on your blog, email it, or link to it with whomever you believe will benefit from reading it.