Tips for Growing Money in your bank accountCreated by:
Warren Buffet Said it well:
Rule 1 : Dont lose your money. Rule 2 : Dont forget rule no.1
We lose money through expenditure, buying goods that ends up sitting on the shelf or in boxes that is long forgotten. We also lose money through bad investment; a lemon property ,bad equities because you bought based on relative or friends hear-say.
Uncle Scrooge to a certain extent is right in money management- be a scrooge, being stingy is the religion to practice. But the caveat is, if you want to be well liked and have a moral conscience, why become someone that people generally hate...? Be thrifty but to yourself and your desires.
Before typing the CVV number or inserting the verified pin for online purchases or even passing the plastic card to the cashier... think twice !
DO I REALLY NEED THIS OR JUST THAT I WANT IT?
Huge difference between need and want.. most of the parents reading this article will agree with me that we have used this many a times when we pry that toy away from our child,
" you dont need this son, we have a similar one at home"
Guess what the child's respond will be ? " but I want it"
If you can reject your son, why cant you do that to yourself. Dont make a exception for self :)
Growing the money the in your bank account does not necessarily mean that you need to work another job, invest ( a word that I am quite allergic to.. i believe most of the time any offering of investiment have the opportunity to become a pest of future loss; not that I am grim but NO INVESTMENT IN THE WORLD GUARANTEE A PROFIT - AT MOST YOU GET BACK YOUR PRINCIPAL
Apologies for the "caps" told you I am allergic to the word...invXXXXX
When you dont invest and gamble the potential to win extras- you lose nothing
When you spend more you lose and the opposite being spend less save more.
So SAVING MORE is really your answer to growing your money isnt it?
Please like this article as I have given you the GOLDEN NUGGET of making money grow