Opportunities for a better life appear every day. Some people are not ready for them and pass by. In order not to miss favorable situations, it is necessary to purposefully prepare for changes.
Instructions
Step 1
Make a balance of income and expenses. There may be few sources of income, this is easy. Expenses must be detailed. Collect receipts, remember monthly payments for the Internet, telephone. Some people have no idea how much to pay each month on all receipts. They pay for them when they have money. Not surprisingly, there is not enough for everything. Memorize fixed income and expenses. Stick to a payout schedule.
Step 2
Get rid of debt and make savings. Bodo Schaefer in his book "The Path to Financial Independence" recommends accumulating savings in parallel with the return of debt, and not after eliminating them. He says that after receiving a salary, you need to make monthly payments and set aside money for travel and food. Divide the remaining amount into 2 equal parts. Give one part to pay off debts, and keep the other. Every month, debts will decrease, and savings will increase.
Step 3
Invest some of what you have learned in an important skill. A person with savings gets many opportunities. In particular, you can take short-term training to start earning more.
Step 4
Put the skill into practice to increase your income. If you have learned something, implement it immediately. Otherwise, money will be wasted in vain, because knowledge quickly becomes obsolete.
Step 5
Imitate wealthy people. You need to know how they manage their income. Study from books how they save money, how they invest it. At the beginning of the journey, you will not have the necessary amounts, but gradually a new style of thinking will change your life. You can start by studying the books by Robert Kiyosaki and Bodo Schaefer.
