How to Become Financially Stable the Frugal Way
You ever wonder how people become so financially stable. I sure have. I wondered until I became financially stable. Then I started wondering if others knew this supposed secret. I figured maybe they did but they didn’t want to see what was staring back at them so obviously. I grew up having nothing. I went into adulthood not having anything.Some tips to start becoming financially stable, it’s by no means a fast road. It has taken me at least 9-10 years to be where I am at now. Let’s run the list. If you are young, these are the new Golden Rules of life
You don’t need that brand new car at 16; you’ll be ok with something that is a few years older. You are saving more in the end with this option. Bite your pride, you’ll thank me when you are 27 and you have something to show for it. The savings will be in the fact that you aren’t paying your car note and you are what 21 by the time you are finished. Insurance companies loves responsible & society conscious young adults.
I see you eyeing that new video game console, wait 6 months, and let it get some reviews under its belt. I have no doubt in my mind that the price will be lower. Buy used more than likely someone’s disposed system was used just enough to get bored with it.
I know that you want to go eat lunch with all your buddies, that 20.00 dollars dad gave you is burning a hole in your pocket. Resist the force! You’ll thank me later.
I really recommend you starting to keep up with your daily news events. Keep up on the business world; investing is a beautiful thing when you are knowledgeable in daily events. I started investing when I was 16 under my papa’s trading account. Don’t get me wrong, made a few errors here & there but all in all I came out on top.
Get a secured credit card with a small balance, something like 200-300 dollar limit, make 5-10 dollar purchases & pay it off. Do this for at least 6 months consistently, you will for as long as you maintain your credit have reaped the benefits forever!
When you instill discipline in your finances, you have a stronger confidence in yourself & the world around you. There are many rips out there that will talk about the various tips but these are my own personal ideas & tips. Good luck & great Prosperity!