“a man’s wealth is not in the purse he carries. A fat purse quickly empties if there be no golden stream to refill it.” Clason, George S.. The Richest Man in Babylon
What’s your dream?
What are you worth?
Pay yourself first
The 60/20/20 budgeting rule
60% of your income to living expenses, e.g. rent/mortgage, groceries, utilities and transportation
20% on financial goals, such as debt reduction, emergency fund, and investments
20% on discretionary spending, such as entertainment, travel, eating out, etc. basically the fun stuff.
Utilities (power, gas, water, broadband, phones): 5-10%
Make your money work for you
“Wealth, like a tree, grows from a tiny seed. The first copper you save is the seed from which your tree of wealth shall grow. The sooner you plant that seed the sooner shall the tree grow. And the more faithfully you nourish and water that tree with consistent savings, the sooner may you bask in contentment beneath its shade.” Clason, George S.. The Richest Man in Babylon
Living the dream
“Enjoy life while you are here. Do not overstrain or try to save too much. If one-tenth of all you earn is as much as you can comfortably keep, be content to keep this portion. Live otherwise according to your income and let not yourself get niggardly and afraid to spend. Life is good and life is rich with things worthwhile and things to enjoy.” Clason, George S.. The Richest Man in Babylon.