Breaking the Vicious Cycle of Making More but Saving less Part 2

Breaking the Vicious Cycle of Making More but Saving less Part 2

This is the second part of our two-part series on breaking out of the cycle of little or no money focuses on the steps we can take, to gain control of our finances and begin developing wealth. As with any change we want to make we must first acknowledge that there is a problem and that problem needs to be resolved. Once we are at this stage then the rest is all about sticking to that decision and seeing it…

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Breaking the Vicious Cycle of Making More but Saving Less Part 1

Breaking the Vicious Cycle of Making More but Saving Less Part 1

If you are reading this then you have hopefully completed the exercise described in the previous article titled, “The Harsh Reality of Making More Money”. If not, then I would highly recommend reading the article and completing the exercise because this article is a follow-up of the previous one and it is imperative that you complete the exercise for the goal of this article (which is also the title) to be achieved. Upon completion of the previously described exercise, you…

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The Harsh Reality of Making More Money

The Harsh Reality of Making More Money

Making more money always sounds like a great thing that will improve your life and allow you to do certain things that you could not do before. Whenever we have an option to earn more money most of us do not even blink an eye, we immediately accept the offer and start planning with the belief that this extra money earned will help us save more, reduce our credit card debts and lower the amount on our cumbersome loans. You…

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Five things you need to understand in order to make more money

Five things you need to understand in order to make more money

How can I make more money? This is a question that we tend to ask ourselves when we are in debt, when we need to purchase something, or in need of some extra cash. Most of the time we think that the answer to this question is as simple as getting a second or even a third job. There is more to it than just getting another job. After sitting down with very wealthy individuals and sharing ideas on how…

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Knowledge, the path to Wealth

Knowledge, the path to Wealth

Many people try to come up with their special solutions on how to be wealthy, some will tell you it’s all about saving, others will tell you it’s all about how you spend, and others will tell you that you can only be wealthy if you are a millionaire. Now sometimes after listening to some of these answers, you are left confused because everyone has a different answer and sometimes the answers you hear may contradict one another. This is…

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Getting out of debt – part one

Getting out of debt – part one

Good day to you my fellow digital world citizens. Almost every blog that talks about financial independence, financial advice, and Debt counseling has got testimonies of what people have done to achieve financial freedom. And how they have done it. I believe that at the core of society – all people want to be happy. We may have the same interests but we are wired differently which means our happiness comes from different things. I know that carrying crazy debt…

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The proper way to spend on needs and wants

The proper way to spend on needs and wants

You’ve probably heard the saying, “spend on what you need and not on what you want”. This statement is true if you want to save money and achieve your financial goals. The problem with this statement is that people often take it to the extreme and end up living unhappy lives because they are so obsessed with trying to save every single dime they can get and they forget about enjoying certain things in life. Now you might argue that…

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Overcoming a mindset filled with self-made limitations

Overcoming a mindset filled with self-made limitations

“I can’t do it!”, “It’s too difficult”, these are often the things you hear from someone who is ready to give up and quit. Unfortunately, most of the people who say this only say so because of their self-made limitations. So what exactly are self-made limitations? Self-made limitations are limitations that we create in our minds when we are faced with difficult situations, when we face challenging obstacles or when we can’t find an easy and quick solution to a…

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Believing in your own abilities

Believing in your own abilities

I live in a world where people tend to seek approval before they do anything and think that the situation will change to a better one with time while others say that if you don’t get what you want or don’t reach the level you were expecting then it was not meant to be in the first place. When you always find reasons why things don’t work out and never celebrate your achievement it is simply because you don’t have…

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How I overcame impulse buying

How I overcame impulse buying

I considered myself good at handling money. I had a basic idea of how money was flowing in and out of my account. I would make a list of what I wanted to buy every month. Nothing wrong here, looks like this guy has his finances in order, right? I am an I.T guy, I like to play with the latest toys. Keeping up with technology is very taxing on one’s bank account. The desire to get the newest gadget…

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