Saturday, 31 October 2015

Why I live below my means?


Live below your means is a famous advice of financial advisors but the problem is the application of this quote.

I learned to live below my means especially that I have a 7 months old baby daughter and my recent turnover of another condominium property.

I have 3 tips that will help you to live below your means without suffering from your lifestyle:

First, Buy with a special discounts. Toiletries such as colgate, shampoos, razor blades, and other food products. Buy those things with longer expiration and can be store for a long period of time in bulk with special discounts.

Second, Buy one take one. I bought a new shoe with additional slipper. It's not possible to avoid our wants in life, there is always a way to get it. Work extra hours or do a sideline business. I received a commissions from a previous sales and I used the money to buy a new shoes.

Third, Earn points and redeem it. Get all the loyalty cards and promotions. For example entertainer vouchers of eating 2 for 1 meal in your favorite restaurant, it can save a good amount. Bookstore loyalty card, after you bought a good numbers of book and earn points, you can now buy a book for free.

The main reason why we should live below our means is to prepare for our retirement and brighter future of our kids.

Sincerely yours,

Jonathan Ruiz
NEWBIE Mentor
P.S. I will be holding an advanced online courses about stock market, real estate and blogging. Here is the link: http://pamrichfriends.com/roadmap-to-1m-php-passive-income/

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