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Here is a lot of advice that you can only give when you get old........
Put aside 10% of what goes thru your hands.
Rich folk pay themselves first... poor folk pay everyone else and never have anything left for themselves...so when you make money make sure you get yours first eg 10% otherwise why are you working to keep everyone else happy...
Still I dont do that in spite of telling everyone that is the key but I hold onto more than 10% these days.
Patience is my key and minimising overhead.
It amusses me the folk who will say...
"Oh I will get that it is only $5 ... without any appreciation that there are many items they approach the same way...
$5 a week is $250 a year so instead of saying it is only $5 or, $20 ($1000 a year) whatever just remember small and seemingly insignificant amounts add up ...dont regaurd small outgoings as if those sum sums dont count but know that they do...
Keep a note book and record everything you spend and review it and ask why did I buy that...
Next dont envy others who can afford stuff and wish wish wish...save save save instead...
I gave up drinking in 2000 and always say to my brother in law who thinks I waste money on astro gear..."well my hobby costs less than going to the pub and now I have some things to show that is the case".
Dont be sucked in that you need stuff... do you need it or have you fallen victim to the boys in marketing.
I wanted a boat again so I helped my mate buy one...he cant sail but I can.. a wonderful relationship as we need each other.
AND be content with what you have and use it... so many folk aspire to get something but when they get it the shine wears off fast and they are after the next toy...
It happens to me... I have a 12 inch but think would not a 16 inch be better... well of course but a 12 inch is way past anything I thought I would have only 6 years ago...so remember where you came from and enjoy your achievements.
I see my situation like a small country... I make sure I dont import more than I export.
Do not use credit... for the car and house maybe but for small stuff realise if you can not afford it now why would adding a hefty interest make it more affordable...realise that with a small savings back stop you can get rid of the credit card.
Cash and patience provides opportunity ... credit and the wanties takes you nowhere...
alex
I have saved for some time to simply replace my lap top and get a new camera yet many think I have money to burn...not so.
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