I Just Can’t Seem to Make Enough Money!!!

Most people on the surface living in the U.S. believe this to be their most prevelant financial issue, but truth be told lack of money is a much deeper issue than many may suspect.

First and foremost when you actually decide to be more financially savvy, with the intention of securing financial independence for yourself, and yes I purposely use the word decide, meaning you cut off any other possibilities, leaving no other choice, then you first must determine how you manage your money. Are you a person who is inherently detailed and watches every penny spent? Most likely not because were that the case then you probably wouldn’t be reading this right now, however if that is you and you obviously are reading this walk with me through this ideal. Or you may be the person who knows what your expenses are on the surface, knows how much you have coming in on a regular basis and you simply work within those confines, you may have a little credit debt here or there but for the most part you feel you simply dont make enough. And the last version or possible personality trait, knows they are completely financially irresponsible, spends every dollar that comes in and borrows the rest as you run out of month before you run out of month. Each of these lifestyles have their own set of financial issues as to why you feel you aren’t making enough, but the fact of the matter is for all is that you simply are not taking into account the actual cost of things. The goods and services we buy have a sticker price, but that rarely included the actual cost we will pay for the items.

If you are never truly aware of the actual cost an item, good, or services cost you then you cant truly manageyour money effectively. When you only look at the sticker cost of things, you are completely neglecting all the other cost factors not on the sticker, such as; maintenance cost, insurance cost, handling, shipping, servicing, transferringsales tax, and so forth.

Interest Payments are not only keeping people broke, but stifling ownership.
Interest is paid to the lender, the biggest lenders are typically the 5 Major Banks
On mortgages
On Autos 21% of every dollar paid goes to interest

Keys to the Kingdom:

1. Never Lose Money
2. Buy value at a low price
3. Build Great Money Habits
4. Avoid Debt
5. Keep Cash Reseeves
6. Invest in yourself
7. Educate yourself on money
8. Invest in low-cost index funds
9. Give back
10. Think long term
11. Leverage compound interest
12. Live modestly