If you ask anyone if they would like to be rich, the overwhelming response will most definitely be YES! However, it all depends on your definition of rich. Some define it as a finite number and linked to financial wealth, while others have no financial aspect in their definition of being rich. Definitions aside, we all have to make a living and part of that is making and spending money. As you know, it doesn’t matter how much you make, but how much you don’t spend, or save. You can learn more about this in one of my favorite books: The Simple Path to Wealth. This book teaches us that in order to be wealthy, we need to “spend less than you earn-invest the surplus-avoid debt”. To get more wisdom, check out this article: 18 Resolutions To Get Rich in 2021 | GOBankingRates to read about some resolutions on increasing your wealth this year. I favor the first recommendation on being aware of your financial situation. Before you can make plans for your money, you have to fully understand where it comes from and where it is going. Then, you can start making a plan on navigating your financial future.
Keep Navigating & MAP Your Financial Future!