I FIND REALY HELPFULL TO PICTURE WHERE I WANT TO BE OVER THE NEXT FEW YEARS. BUT I NEED FINANCIAL PLAND TO REACH THAT. THERE ARE MANY OPTIONS TO “PLAY SAFE” AND, AT THE END, HAVE ENOUGH MONEY FOR ANYTHING I NEED.
THE FIRST ESSENTIAL TIP IS TO SPEND LESS THAN I EARN. THE KEY IS TO LEAVE BELOW MY MEANS. IF I MAKE $20´000 000 PER MOTH AND SPEND IT ALL, I´M NOT REACH, I JUST HAVE A LOT OF STUFF. A JOB LOSS OR ILLNESS COULD LET ME IN THE STREET. MY FRIEN WHO MAYBE EARNS $4´000 000 AND LIVE WITH $2´000 0000 IS MUCH WEALTHIER.
ANOTHER IMPORTANT TIP IS TO HAVE A SAVIN PROGRAM. START SAVING EARLY IS A GREAT WAY TO ASSURE MONEY IN THE FUTURE. IF I INVEST $50 000 PER WEEK FOR 40 YEARS AND EARN 9% OF INTEREST, I WILL END WITH AN AMOUNT OF $ 1 000´ 000 0000(I LEARN THIS FROM MY FINANCIAL ENGINEERING CLASS). THEN PEOPLE SPEND BECAUSE THEY HAVE A GOOD FEALIN FROM SPENDING MONEY. WE CAN GET THE SAME GOOD FEELING FROM PUTTING MONEY IN SAVINGS.
FINALLY, THE LAST ADVICE TO REACH GOALS AND HAVE GOOD SPENDING HABITS IS: HAVE NOT DEBTS ON CREDIT CARDS. CREDIT CARDS CAN BE WONDERFULL THINS BECAUSE YOU WE ACQUIRE ANYTHING WHITHOUT WORRYING IF YOU HAVE THE CASH FOR PAY IT AT THE MOMENT. THE BAD THING, OF COURSE, IS THAT CREDIT CARDS LET MANY PEOPLE LIVE BEYOND THEIR MEANS. SO WE SHOULD USE CREDIT CARDS, BUT PAY THE BILL EACH MONTH.
