1. Focus yourself on Savings
Use the 10% rule – Put away 10% of your earnings
2. Use Cash for all spending outside of bills.
Take out cash at the beginning of each week and that’s all you get.
3. Reduce bad habits
Smoking, Alcohol, Gambling, etc.
4. Share Responsibliity
You want EVERYONE in the household on board
5. Paydown debt
Debt is like an anchor!
6. Keep all receipts
Coffee, Groceries, Gas, etc…
7. Analyze your spending
Prioritize your purchase
8. Consult a Certified Financial Planner- CFP
A CFP will help you build wealth based on your goals
9. Be Flexible – Don’t get frustrated
Life is unpredictable. Costs will pop up that didn’t see coming