I don’t know about you, but I’ve always been a bit of a penny pincher.
Is it wrong to do so?
I keep complete track of what I spend my money on every month. I know exactly what’s coming in and what’s going out. I don’t spend my money on unneeded things. I’m the complete opposite of a pack rat. If I got junk in my home I’m not using, it’s either on the waiting list to being sold, or I’ll simply bring it to Goodwill and write it off on my taxes. I don’t buy clothes because I think they look good, instead, I’ll only buy clothing if I know I am in need of some more clothes. I truly am a believer in being frugal with my money.
Why do I say all this? I believe in the saying, “A penny saved, is a penny earned.” Have you ever read this book, The Millionaire Next Door? This book will open up your mind on a few things. Believe it or not, most millionaires earn their way to the top by being frugal with their money and hard work. They drive normal looking cars, own average sized houses, they simply aren’t that flashy with their money.
On the other side of things you’ve got rappers and movie stars who own 5 to 10 luxury vehicles with multi-million dollar properties. They also stay at luxury hotels that cost over $1,000 a night. Why? Probably because they are concerned about their image.
But the average, everyday millionaire that could be seriously living next door to you right now, doesn’t need to maintain a Hollywood image. They quietly go about their lives with millions in assets.
So what’s the whole point of this article? Simply to encourage you to continue being wise with your money. Don’t buy unneeded things, especially in an uncertain economy. Find ways to make your money work for you. Continue building your online business. As time continues forward, your wealth will continue to grow. Never give up.
A great blog with great info. You have to be smart with your money not stupid. Lots of valuable stuff here. All the best.
The market definitly looks to be coming back but what happened came at a good time for me, I have only been involved in this for about 10 years and I had never experianced a slum, I was starting to feel invicible. No one is!