Ever wonder why Nicolas Cage works so hard?
He has earned more than $150 million during his career, and reputedly made $40 million in 2009 alone. But at one point he owed $14 million in back taxes, which he vowed to pay back in full. Hence his busy schedule.
Don’t be like Nicolas Cage.
When it comes to building wealth, decreasing your expenses is as important as prioritizing savings and having the right attitude.
Think of it as retirement planning. All retirees want their overheads to be as low as possible. You won’t have to keep earning more and more to pay the bills. You may even be able to retire early.
Decreased expenses = lower overheads = more financial freedom.
Some cuts are small and (arguably, but really) easy to make. Morning coffee. Bank charges.
Others are big and hard, but potentially worthwhile. Selling the existing holiday home? A tough decision, but one that will pay off over the long term.
Some changes will be made as part of your new attitude. Skipping the annual cruise? Work out how much this money will have grown by the time you retire, and the decision becomes easier to make.
Do you love your Starbucks coffee in the morning? How much do you love it? Enough to give up your financial independence?
($)
Stop living from salary to salary. Achieve Financial Independence. Retire Early. Join the FIRE movement igniting the world.
Follow these weekly posts for solid advice on how to escape the rat race, covering material contained in Hard Money.
This is no get-rich-quick scheme. It won’t be easy. That’s why it’s called Hard Money.
Work while they sleep. Learn while they party. Save while they spend. Then live like they dream.
Anyone in Johannesburg who would like a signed copy (of any of my books) can have one delivered to their door by Big Bad Wolf Motorcycle Maniac Deliveries. No charge for delivery.
Or have them delivered anywhere in South Africa via Bakgat Books. https://bakgatbooks.co.za/all-stores/burning-books/
No comments:
Post a Comment