As soon as you receive a salary or income from your business, the first thing you need to do is to deposit 10% of this amount in a bank deposit and do so every time you receive income. Get used to the fact that you have only 90% of all that you earn. Believe me - this is quite enough, and it will not affect the level of your life.
Eliminate bad habits such as alcohol and smoking. From them, there is no benefit, only harm to health. A nice bonus is that you save incredibly large amounts of money.
Find ways to increase your income. This may be a part-time job or new customers for your business. You can find a better paying job or raise prices for your products and services. I recommend investing in Internet content, which over time is perfectly monetized using contextual advertising or direct advertisers.
If you feel more confident and freer while increasing income, then it’s time to increase the percentage of monthly savings from 10 to 30 percent. This will allow at the same level of life to save a larger amount of money.
Never take loans and credit cards, and if you already have a loan, try to repay it ahead of schedule.
Watch your health. This directly affects your money, because pills and doctors are very expensive. Relax, enjoy life, play sports, walk more and breathe fresh air. Very useful are yoga and swimming in the pool.
Create passive income. This will give you stability and confidence in the future, the opportunity to save more money and not be afraid to take reasonable risks when investing.
Sell anything unnecessary. Perhaps you have something that you have not used for a long time. Put these goods on message boards on the Internet and someone will buy them, and you will earn money that you can put off on a bank deposit.
Keep an ascetic lifestyle. Remember that most of our needs are imposed on us by advertising. In this life, it is quite possible to do without fashionable and expensive knick-knacks.
Write on paper your financial goals and deadlines for their implementation and your brain, having realized a clearly formulated task, will find ways to accomplish it.
Do not lend money without collateral from the borrower. In 50% of cases, they will not be returned.
It is necessary to develop the habit of saving money. Any habits are shaped by repetition. Start saving 10% of your income and under no circumstances stop doing this.
If you decide to open a business, never invest your money in it. Let it first begin to generate income and only then it will be possible to invest in its development and scaling.
If you have loans, use refinancing to obtain more favorable conditions from banks.
Keep records of income and expenses, plan a budget, identify unreasonable expenses.
In no case do not touch the money that you set aside for a large purchase or store for a rainy day. It is best to put this money in a bank for a deposit that cannot be withdrawn until it ends without losing interest.