Wednesday, June 23, 2010

Saving Cash

Building wealth is a lot like losing weight. To lose weight you have to burn more calories than you take in. This can be done by exercising more or dieting. To build wealth you have to take in more money and spend less. The principals are simple but it takes a lot of discipline to execute.

So in order to build wealth you must either increase your income or find ways to make your money go further. Increasing your income could be as easy as finding a part time job or investing in some venture. Lowering your costs could be as easy as trying to find out the things in your life that aren't completely necessary and cutting them out.

Go out for lunch less often. If you prepare a larger supper and pack some away for the next day's lunch you could save bundles. Going out for lunch should be more of a treat than a regular routine. Try to limit going out for lunch to once a week.

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