There's a little trick there, I mean how do one spend money while one is busy saving money? Both actions are contradicting each other but then, it is an act that makes financial freedom feasible. You can't save only into financial freedom, it means you didn't learn how to spend actually.
Saving money is important but learning how to spend well is more important... Do you get where I'm coming from about this now?
Image designed here
What's the essence of saving when you can't spend well?
No essence really because in the end when you have so much saved, you spend them carelessly and be in financial bondage again. I've seen rich people hit rock bottom simply because of that act, it's no magic... It happens when Priorities aren't set right and discipline isn't added to the money they once had.
Someone once asked me this question... Why is it hard to save but very easy to spend? and my answer to him is what I'll share here again... It has to be that way for the world to have people who are genuinely wealthy you can not be financially free until you learn to spend wisely while you save as much as you can.
And when I say Save... I mean, investing
I think we've past that era when you just save your money to a container or a bank savings account where a cent or penny isn't added to it no matter how long you had left it to save. It's the investing era, you invest and double or at least add a cent to your the money you could have saved.
Of course, you have to be very wise in investing for you to gain from it and that is same thing as you spending wisely while saving towards your financial freedom. It's not an easy feat to gain that freedom but we've seen some people who are comfortable enough with life and are able to have more time for themselves when they achieve it, it is worth working towards.
Stay disciplined with your spending and saving habits, it's a tip you shouldn't take for granted when you are aiming for that freedom.
Live positively and only do things that will keep you happy, keep you healthy and make you money.
I learnt that from somewhere but can't remember exactly, I'm sharing same tip with you.
If what you're doing won't improve your health, stop it
If it won't make you happy, give it up.
If you're not making money from it, let go of it.
There are a lot of things like that, figure them out and have a better focus on the things that are of more importance to bring you what you need to build your life towards financial independency.
Who do you say about saving while you're spending money theory for financial freedom? I'd like to know what you think about it and also your own tips will be very much appreciated too.
