Saving & Investing – Student Guest Post, J Stafford
In saving you should always be smart. Here are three ways that’ll guarantee you money in the long run.
- First thing you need to know is how much you earn has almost no bearing on whether or not you can build wealth. This means that you could be earning $7 an hour and if you save your money wisely you could have more than someone who’s earning $10 an hour.
- Second thing you need to know is that you should always save more than you spend. If you do this you will end up with more money for emergencies, and vacations.
- The last thing you need to know is to redirect your wasted money to help rebuild fortune. This means that you need to take a moment, and see where your money is going. You need to look at the money you “wasted” and try and redirect it. There are many articles and much research out there about this, including this great read… http://www.becomingminimalist.com/latte-factor
If you follow these three steps you should be ahead of the game when it comes to saving!