Sounds radical, right? But no, this is not a radical thought; rather this is how it should be. If you want to maintain healthy finances, this is the only possible way.
See, the basic idea is that if you are spending more money than you earn, you are losing money. If you plan to do something big with your career, or your life, you need to make decisions that can, and will curb your basic desires. What’s more important for you, the car you want to buy, the house you need to purchase, the investment you need to make to start your own business, or that pair of funky shoes? Is your weekend party more important than the dream vacation you always wanted but couldn’t materialize because of budget restraints?
We come across many people who keep saving money on everything, but don’t think twice before buying a phone on credit card. Most of us have done so, but when you come to think about it, it’s just a phone, it can wait. Why buy it if you can’t afford it? Save money for it, and may be when you actually get to buy it, the rates already drop to suit your pocket.
Consumerism has always been beneficial for companies and banks. You buy expensive phone with money you don’t have, and end up paying a good amount of money to the phone company, and even a larger amount to the bank as an interest.
And it’s not just the money that we are talking about here. No. You also end up worrying about the payments, about the last dates, about the load you’ve got on your head. The more such unnecessary expenditure you incur, the more worrisome it gets. It is draining, exhausting. The tension you go through every day, every moment feeds on y our energy, your life and your time.
You know the most important asset we all have? It’s time! Time is an asset that once spent can never come back. Make sure you spend your time on good things, with good people. Things that matter, people that make you become a better version of you.
Sounds like a lecture, right, no, this is a life lesson. This is a lesson that many people learn the hard way.
You need to plan your life according to your aim, according to your ultimate objective. Phones, expensive clothes won’t leave a lasting mark. Every phone becomes a thing of past, every expensive cloth gets out of fashion. Stop paying banks money that you don’t have to impress people that don’t even matter, especially at the cost of your goals.
Read a quite somewhere couple of days ago: Lamborghini doesn’t advertise because people who can afford it don’t waste time watching television. Yes, that television can wait. If you can afford to buy either a Smart TV or go to a vacation with your loved ones, we don’t need to tell you which one you should choose. Make memories. Smart business owners know this; it’s high time you should also join the league.
