Wealth Building Information


Do You Want To Save Money Easily?


Living on credit is fashionable. Indulging oneself is fashionable. Saving money isn't.

This is a pity, as it has much to recommend it. You have more peace in your life. The end on the month is simply a date on the calendar, rather than a countdown to the next pay-cheque. Purchases born of necessity can be made comfortably. Employment becomes a career, rather than a means of survival. You can look your boss in the eye, rather than dreading his gaze.

Why? Because you've saved up some money.

Take the cringe-factor out of your life. Erase the dread of the small hours. Put some money in the bank! You may not be able to increase your earnings, but you can decrease your outgoings. This has the same effect as getting a pay-rise; more money for you.

How to save money?

Simple!

Examine what you spend it on.

Then, erase fripperies.

Vices: drinking and smoking are habits that kill you slowly. Save up for your hospital care by giving them up. Your lungs, liver and family will bless you.

Gambling. Gambling is folly. There are only three games the player can use skill to alter the odds even slightly; horse racing, poker and blackjack. These take years of dedicated and expensive research to get good at. And you don't get rich. All the others will beggar you quickly if you play them. The odds are stacked against you, deliberately, by those who own the game.

Luck favours the bold, special need, or those under the protection of the saints. Betting is not brave, it's a compulsion, and no god watches out for gamblers. Examine the feelings that surround your impulse to gamble; you will find they eat away at the energy of your life.

Food. There is food that nourishes, and food that enervates. The former is cheaper: fresh fish, fruit, vegetables, clean water. The latter is more expensive, more garishly packaged, and more poisonous: potato crisps, sweets, fizzy drinks, burgers. Consider that you don't fancy junk food if you are sick; your body knows it takes too much energy to digest, and does not nourish.

Clothes. Do you need to buy fashionable clothes, so you can look like everyone else? If you need to blend in, fine. You can be sure the leaders of fashion don't. They head to charity shops and buy Harris tweed and old lace for pennies. They get suits made to measure by sweated labour in Thailand. That's how they get that 'unique' look. What's that, you don't like the idea of sweat-shops? Guess what, that's where a lot of fashionable clothes get made anyway. It's called 'outsourcing' and 'offshoreing'.

Automobiles. Running a car in the UK costs about £5000 ($9000 USD) a year, all-in. Save, by buying a second-hand auto. Save, by buying a less powerful, more fuel efficient model. Save further by thereby getting lower insurance and road-tax.

Personal foibles: I used to buy a lot of internet magazines. These cost up to £5 each, or about $10 in USD. I found a lot of information about the internet, was already on the internet, so I stopped buying the magazines. There are very few papers or magazines worth reading. Find the few that inform, rather than titillate, waffle or distract. Visit the local library, it's free. Drop in to a 'Borders' bookshop, and have a free read.

Debt. Don't buy what you can't afford with someone else's money. Credit cards are an expensive way of getting a loan. Try your friends or relatives first. Your local credit union is a good option; better rates, better terms, friendlier faces. Better yet, don't borrow. Live free. Keep away from the loan-sharks. You can manage without that holiday.

Put your saved money in a high interest, 180-day notice account. Put it in a bank different to your current one, in case the latter goes bust. Make a mental note that it's for emergencies only, then contrive to live 'safely'.

Save up enough to last you a year and a day off work, and notice how much calmer and confident you feel!

About the author: T. O' Donnell (http://www.tigertom.com) is an ecommerce consultant in London, UK. His latest project is a loan and mortgage calculator, available at http://www.tigertom.com/mortgages-uk.shtml


MORE RESOURCES:
This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news


Millennial Politics (press release) (blog)

BlackFem – Teaching Wealth Building Skills For Women Of Color
Millennial Politics (press release) (blog)
Are you ready for an astounding statistic? The median net worth of women of color is $0. That's right, their assets minus their liabilities = zero. And for a sizable portion of the population, they're completely in the red living paycheck to paycheck ...



DesMoinesRegister.com

7 strategies for wealth building
DesMoinesRegister.com
As a financial advisor, one of the most important parts of my job is helping clients maximize their savings and build their wealth. It's a job that I take seriously, and it doesn't always require complex strategies. My role is to help clients invest ...



El Tecolote

Guest Op-ed: Learn about family wealth building in the Mission
El Tecolote
In need of affordable housing options? Thinking of owning your own home? Need help with your children's education expenses? Come join us at City College of San Francisco's Mission campus at 1125 Valencia St., on Saturday, Feb. 10 at 10 a.m. for a free ...



Financial Express

Stock markets: Wealth-building strategies during volatile times
Financial Express
Market swings can upset investors and often distract them from staying focussed on pre-determined financial goals. Whenever the 30-share BSE Sensex nose dives, we see panic among investors, especially retail investors, and two types of behaviour ...



Nonprofit Quarterly

Labour in UK Adopts Community Wealth Building Strategy as Party ...
Nonprofit Quarterly
In Great Britain, the Labour Party has created a Community Wealth Building Unit to build out an economic strategy, first developed in the midsized city of Preston, that uses local public procurement, cooperatives, and living wage policies to boost ...
John McDonnell announces formation of Community Wealth Unit ...Co-operative News
Preston's plan to be used as a model across the nation - Lancashire ...Lancashire Evening Post

all 4 news articles »


Prosper Portland Awards $300000 for Community Wealth-Building
The Skanner
Prosper Portland has invested $300,000 to help local nonprofit Constructing Hope expand its construction training facility in Northeast Portland. The training center helps those seeking to gain skills to enter construction careers with middle-class ...



Free Building Wealth Through Real Estate Seminar To Be Held On ...
Digital Journal
Honolulu, HI based real estate agency The Ihara Marketing Team - Keller Williams Honolulu has announced the schedule of their upcoming free seminar, 'Wealth Building Through Real Estate'. The seminar is designed to teach people how to start, build ...

and more »


PR Web (press release)

American Money Master Amanda Steinberg to Deliver Keynote at ...
PR Web (press release)
Tampa, Florida (PRWEB) January 30, 2018 -- January 30, 2018 - Amanda Steinberg, founder of the financial education company, DailyWorth, will be the keynote.

and more »


Bank Of America Vs. Citigroup: Coming Prices As Now Seen By Market Makers
Seeking Alpha
We'll get to some of the broader strategic questions above later in separate articles. For now the focus is on portfolio wealth-building choices between Bank of America Corporation (BAC) and Citigroup, Inc. (NYSE:C). Our perspective, as usual, draws on ...



Black Enterprise

Estate Planning For Millennials: The Key To Black Wealth
Black Enterprise
Unfortunately, estate planning remains the most neglected aspect of personal finance and wealth building, even among successful entrepreneurs and high-income professionals—an increasing number of whom happen to be millennials. This is in part because ...


Google News

home | site map
© 2007