Enron was named “America’s Most Innovative Company” by Fortune magazine for 6 consecutive years. Until 2001, when it came to light that Enron had been hiding several hundred million dollars’ worth of losses and debts.
The company collapsed amid a barrage of legal cases and indictments.
Don’t be like Enron’s executives. Or their auditors. Be honest. Especially with yourself.
Now let’s look forward instead of backwards.
Where would you like to be financially in 6 months’ time? A year? 2 years?
Look at your monthly budget. Work out a sustainable monthly surplus. Increase it slightly, if you like a challenge. Then calculate how much you would like to have saved by your target date. Or how much debt you want to have settled by then. Or both.
Don’t just plan to save whatever is left after paying the bills. That’s not a plan. Reprioritize your thinking. Remember, saving is now your primary goal. Decreased expenses were just a means to an end, freeing up cash for you to increase your savings every month.
Early in your journey, you will have accumulated enough cash to pay next month’s expenses in advance. Don’t actually pay them in advance. Just have enough cash to be able to.
Congratulations. You are no longer living from paycheck to paycheck.
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The Smashwords Year-end sale starts today. Get my books for half price, or free, in some cases.
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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.
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Anyone in Johannesburg who would like a signed copy (of any of my books, or Shorty’s Poems) 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/
Also available in Edenvale from Inner Journeys bookstore.
www.facebook.com/InnerJourneysdnr
Or from Profound Books in Bramley.
www.facebook.com/Profoundbooks
And they’ll always be available on Amazon.
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