Spending too much can wreak havoc with your financial goals. It keeps you in debt, prevents you from saving as much as you could, and turns your focus to consumption, rather than to wealth creation and accumulation.
Some ways to master the spending game
- Start paying cash for virtually everything
- Reduce the cost of your rich lifestyle
- Get out of debt
The power of focus
As you commit to becoming debt free and saving more, you’ll encounter an almost miraculous force working in your life. As you change your focus from spending and consuming to enjoying the things you already have and putting money aside, you’ll progress at an almost unexplainable rate.
Even if you don’t believe you’ll survive every month, once you commit to a debt-reduction and savings plan, you’ll be surprised at your ability to manage and arrive at your goal faster than you had planned.
You may go through a profound transformation. You’ll see your values and priorities change. Suddenly, you’ll measure your success in terms of debts paid off rather than goods purchased. And as your investment portfolio grows, you’ll begin to weight all purchases against your goal to be financially secure and debt free.
Regardless of where you are in life — even if you’re in what appears to be a hopeless situation — stay the course and allow this miracle to accelerate your to your goal.
* Source: The Success Principles by Jack Canfield