Monday, December 3, 2012

The 4 Golden Rules of Money

From Money with Flo


Here’s a startling fact:  As soon as people’s income goes up, so do their spending.
This is the #1 mistake most people make when they make money (and lots of it).
Instead of putting some of their additional funds towards savings/planning for their retirement/ reducing their debt, most people end up buying more stuff, which in turn increases their debt level.  So even though they’re now making a good income, they’re not enjoying a fabulous life.
So how can you completely avoid this situation and keep more of your well-earned cash?






Follow the 4 Golden Rules of Money:
  1. Spend Less (only buy what you can afford)
  2. Save More (pay yourself first)
  3. Invest Wisely (get money smart + work with a financial advisor)
  4. Give Generously (use your money to make a difference)
When you apply the 4 Golden Rules, you are appreciating money. It’s really good to follow these rules starting now, regardless of your income level. By implementing them in your daily life, you will develop positive money patterns. As a result, you will
a)     Make more money more quickly
b)    Be better prepared to deal with your new income level.
And when you’ll be making money and lots of it, you’ll also get to enjoy a fabulous life!
I would love to hear from YOU! Of these 4 Rules which one will you implement in your life? Please share + post your comments here.