Diligent Sunday Newsletter / Issue #11 about Financial Stability
Discover how I transitioned from a spending power mindset to capital thinking for financial success. Key strategies include dodging debt, stock market investments, and debunking financial fallacies. Utilize tools like the 50/30/20 rule, budgeting, and savings forecasts to attain financial stability.
The Power of a Daily Budget: Simplifying Your Finances
Managing finances can be overwhelming, but a daily budget simplifies it. This method involves setting a daily spending limit and tracking expenses as they occur, using an app or spreadsheet. Tracking daily will help you break the cycle of impulse purchases and thus improve your financial health.
You have to think of money as capital, not purchasing power, if you don't want to lose years of wealth accumulation
From my student days and when money was always tight, I took a thinking fallacy with me into my early