Living below your means
Some of the best advice I have heard is, “live below your means”
Living below your means doesn't mean denying yourself everything. It's about making conscious choices about how you spend your money and prioritizing your long-term financial goals.
Financial Benefits:
Reduced Debt: By spending less than you earn, you can more easily pay off existing debt or avoid accumulating new debt.
Increased Savings: When you spend less than you earn, the excess money can be saved for future goals, such as retirement, a down payment on a home, or a child's education.
Lifestyle Benefits:
Reduced Stress: Financial stress can significantly impact your overall well-being. Living below your means can reduce financial stress and improve your mental health.
Increased Freedom: Not being tied to debt or financial obligations can provide greater freedom and flexibility in your lifestyle choices.
There is nothing undignified about living below your means. It's a fabulous way to ensure there's a gap between what you earn and what you spend. By setting aside money in a safe place that you regularly grow, you're securing your financial future.
If you would like to discuss at your convenience, book a meeting.