Stop wasting your money on mindless stuff

in #hive-1679222 years ago

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The rich are rich not because they found out about how to trick the system or because they magically learned the secrets about Finance.

Most of the people who live in a financially comfortable situation got there mainly because they understood that the first step to making money and having investing funds, is to cut their expenses by avoiding making dumb decisions and even dumber purchases.

Every single day we face decision making scenarios where we have two options, the easy one that involves more money, and the hard one that is usually the cheapest one but also the one that requires making a bigger effort.

Stop dining out, stop buying useless crap on Amazon, enough of ordering unhealthy food from the delivery services, no more fancy clothing or getting “the best because you deserve it”.

The easiest way to grow your portfolio is to cut the crap and stop purchasing things that will not improve your life and mean an expense that you don’t really need, that you only desire.

Stop buying mindless crap and you’ll find out you now have extra money every day to DCA your way into financial freedom.

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Buying kinds of stuff that's not necessary because we don't want to do the hard work involved like cooling for example is the first step to financial instability.

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My advice would just be to not make yourself unhappy in the process.

For example, I love coffee and used to skimp out on going to the best cafe and buying the best beans.

It sucked and totally wasn't worth the sacrifice...

Don't do that haha.

Another thing to remember is that the internet gives you the ability to also increase your income alongside saving.

As an example, we're here making money blogging on Hive.

But there are a ton of different zero-investment service based businesses that can be started as side hustles and used to increase income.

:)

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