A budget tells your money where to go instead of wondering where it went.
Wealth = Purpose + Simplicity + Happiness + Value + Time.
I think it’s important to recognize that your financial situation should be a side effect of pursuing some greater purpose. Financial independence is not your aim; it’s merely a means to an end.
Personal finance is learning to budget, spend mindfully, and find a balance between seizing the day and saving for the future..
Saving money goals boil down to 3 main things.
i. Pick a goal to save up for
ii. Create a separate account to put that money in
iii. Start saving for that goal.
Thinking is relatively valueless unless it leads to doing. You can daydream about your financial goals all you want, but until you start working on them, they won’t come true..
Failure is the best teacher because it tells you that you’re clearly doing something that isn’t working and needs to be corrected. Success never shows you what you are doing wrong. When you fail, you can take that information, evaluate where you went wrong, and try again, resulting in better performance..
Recognizing the state of your finances when making financial decisions by not allowing your emotions to get the better of you..