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| Warren Buffet |
Money Growth Steps
- Protect your income- Save those dollars
- Live for tomorrow by watching what you do in the present
- Avoid debt like the plaque
- Keep expenses very low and do not succumb to lifestyle inflation
- Increase retirement and emergency contributions by 1% or more every year
- Have piggy bank and every year cash in the coins for savings or debt repayment
- Use as many rewards / cash back programs as possible
- Work harder in finding side gigs
- Buy assets that pay interest or dividends
- Read PF Blogs and watch your Net Worth
These are all the steps I do to increase my nest egg and I think each and every one of you should do the same. I sometimes feel with simple steps, we all can see great results. These steps are things you may have already done in the past, but maybe you are too busy with life’s routine and have not adhered to some of the steps above in a while. Well I am here to set you on the right money path. Find the time and the energy to do what is right to make your wallet fat with dollar bills. Don’t be like that baby in the capital one commercial that turns down free money. Use the skills you have and follow your path to achieving a greater sense of financial freedom.
Personal growth comes from realizing who you are and then improving on your weaknesses. Thus changing bad spending habits into routines that will enhance your money mantra. A lot of you are already realizing that to make it in life is getting harder then folks had it back in the good ol’ days, but do not fret as you have the ability to change and improve. Follow the steps above while establishing a online financial system to really change your future.
The pic above is a shot of the most successful business person ever: Warren Buffet. He is a living definition of what it is to have money growth. As he grew up in the middle class and now is worth over 40 billion dollars.
Comment if you already follow the steps listed above or if you have another system you use to stay in tuned with your finances?
RichUncle EL
Pic provided by AP press.
@Barbara-Great additions to the list. I wanted to provide a basic guideline of steps anyone can do right away.
I would like to add… Protect your income — start your own business, invest, and create passive income.
Unbelievably valuable tips! And Warren Buffet pic in the beginning is definitely encouraging to follow all of them;-)))
@Mariaself-Appreciate it, I think he is one of the smartest men in finance. Thanks for the comment.
Well, thank YOU for the wonderful post! it's nice to get advice from a rich uncle;-)