This week and next week we’ll be talking about the three skills that everyone needs to succeed financially. You can get by with one or two of these skills, but if you have all three of them, you're liable to get rich! I’ll go over each skill in detail and how it relates to the housewife in upcoming posts; today I’ll just give a general overview.
Skill #1: Earning
Obviously you need to have some type of income, or you will won’t be able to buy anything… even toilet paper! Come on people- everyone needs toilet paper. It’s important that we have enough money to pay for things like food, shelter, and clothing.
Skill #2: Saving
Once you have some money coming in, be careful not to spend it all. In the United States we have no problem earning money, but MAJOR trouble with overspending. This is not just a plumber, nurse, or factory worker problem; it extends all the way into our government.
Skill #3: Investing
The last skill we’ll be focusing on is making money work for you. Each dollar you save should be a little servant, making you even more money to buy more little servants. Once you have built up some wealth, you are free to stop working for money (this is called FI, short for financial independence), start giving to charity, see the pyramids, or whatever else you want to do.
I'll kick off this series on Friday, then we'll continue next week on Monday and Wednesday. Stay tuned!
Skill #1: Earning
Obviously you need to have some type of income, or you will won’t be able to buy anything… even toilet paper! Come on people- everyone needs toilet paper. It’s important that we have enough money to pay for things like food, shelter, and clothing.
Skill #2: Saving
Once you have some money coming in, be careful not to spend it all. In the United States we have no problem earning money, but MAJOR trouble with overspending. This is not just a plumber, nurse, or factory worker problem; it extends all the way into our government.
Skill #3: Investing
The last skill we’ll be focusing on is making money work for you. Each dollar you save should be a little servant, making you even more money to buy more little servants. Once you have built up some wealth, you are free to stop working for money (this is called FI, short for financial independence), start giving to charity, see the pyramids, or whatever else you want to do.
I'll kick off this series on Friday, then we'll continue next week on Monday and Wednesday. Stay tuned!
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