There are a few million get rich schemes that millions of people fall for everyday. And, the end result is always the same. The schemers get rich. In case you haven’t noticed, rich people get there through hard work and planning. Emphasize planning.
It doesn’t matter how much your income is, you must have a financial plan. And, you must pay attention to your plan. Part of your plan has to be control expenses. I think I just lost most of my readers. People don’t like to control expenses. They like making more money. That’s why there are a lot of rich people. They get the money you don’t control.
We are a people of wants and more wants. So what if I spend the rent, I can make up a story or wait until next month to pay. I want the latest and greatest something.
Recently I read a brief story about a family that shut down expenses except for the essentials - food and shelter. They went into an absolute “control expenses” mode for a year. This meant that if something non-essential broke, they repaired it or did without it. Yes, they had a good income, but they had not controlled expenses and wanted to see what would happen.
Believe it or not, you don’t have to have all the sports channels, the latest phone or TV or even a new refrigerator just because you want one. Really rich people, that deal in millions and billions of dollars, will tell you that without controlling expenditures, you will never get richer.
With controlling expenses, you have no financial future.
PMO
©2015
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