Every good business and rich individual knows how to do one thing very well. Successful people probably don’t touch on this topic a lot, but the route of financial success is simply good money management skills. Managing your money can be difficult at times, but although it’s difficult it can be simple too.
This post is going to be dedicated in showing you simple ways to manage your money, so that you can have the keys for success.
I know a lot of influencers talk about paying yourself but they don’t particularly share how they pay themselves.
these are the ways I pay myself weekly and sometimes monthly:
• my 401(k) plan
• buying stocks
• other investments.
Essentially I take whatever is left in my savings accounts and use it to do one of these three things. Now since my 401K is already taken out of my paycheck, I really just use my savings for the other two.
I know a lot of peoples method or system when it comes to their personal finances, is to simply cash the check and stuff it in a box. Cashing your check is the worst method or system you can use, as Grant Cardone says “cash is trash.”
This is true because it doesn’t pay to have cash, it pays to have assets.
My personal method or system for handling money, is to deposit everything I make into my savings account. All I do is deposit and transfer for bills, that way after paying my bills I’m able to see what’s left for possible investments.
You don’t have to use this method, all I’m saying is that this works for me so you should try it and see if this system works for you. You can create any method or system for yourself as long as your know how you spend money.
These are just a few concepts I use I hope this helps you when it comes to your personal finances. Like I said from the beginning managing money can be difficult but also simple, so I hope these concepts were simple enough for you.
You can let me know if these concepts work by leaving a comment on this page.
Thank you for reading
THE WAY I SAVE
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