Eight days ago, a wrote an article about money. One of the comments I received was:
Some very wise advice. Restrict debt and always invest and save. There are lots of ways to make money (and lose it if you aren't careful...) You have to start young, the older you get the harder it is!
Especially if you don't come from a wealthy background, accumulating wealth quickly can seem impossible. But, you may greatly increase your odds by making wise judgments. A little planning, discipline, and risk-taking will do.
Investing is the best strategy to increase money. So invest and invest more! Set aside a certain amount of your salary each year for investments, and then raise that amount by 1%.
We frequently think that wealthy individuals are able to make large sums of money because they have access to covert investments. Now that I have access to such investments, I can tell you that, on average, they don't perform any better than an S&P index fund.
Finding a better paying job or negotiating your current one will always pay off in the long run. The key is to get paid what you're worth. Your income is the basis for generating wealth, and a bigger wage increases it instantly. Your total financial growth is accelerated since it enables you to save and invest more money. A better salary should always be negotiated.
Finance experts advise not to concentrate just on the dollar amount when negotiating a higher wage. Non-cash advantages like additional vacation days, flexible work schedules, or chances for professional growth are provided by many businesses.
These benefits may have a big financial effect. For example, taking more time off can help you save money on personal expenses, while furthering your career can help you land better jobs later on.
Unknown tactics for boosting your total wealth include negotiating for a full benefits package that includes non-cash rewards.
If you have a pile of bad debt, you can have a good income and still be in the same place. Your financial objectives will gradually be jeopardized by high-interest credit card debt.
Try employing the debt avalanche or snowball payback strategies to stay out of this trap.
As it's simpler to develop wealth when you're not burdened by high interest rates, paying off debt frees up more of your income for saving and investing, which lowers financial stress and increases your chances of success in the future. Control your debt.
If you don't cut your expenditures, you can have a six-figure salary and yet be living paycheck to paycheck. Living a more frugal lifestyle can lower financial risks and lessen your exposure to unanticipated occurrences such as job loss, market swings, or other calamities. Limit your spending.
Budgeting is only one aspect of managing spending. Examine all of your regular expenses and monthly subscriptions in detail. Unknowingly, a lot of people pay for streaming services, magazine subscriptions, and gym memberships that they never use. A self-audit such as this may release more money for you to use for wealth-building activities.
Allocating your money wisely is just as important as earning more of it. You are not the only one who does not "accidentally" succeed in anything! Making plans is essential if you want to accumulate riches. And a budget is precisely that! All it is, is a documented financial strategy. Every dollar needs to have a task assigned to it at the beginning of each month, and it needs to be followed.
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I post an article daily. I feature precious metals every other day, and on other days I post articles of general interest. Follow me on my journey to save in silver and gold.
Spoken like a true professional.
@silverd510 You were the first comment on this article. You get 100% upvote from me and an HSBI!
Your poured silver collection sure bring back many great memories. I'm glad I started my Stacking journey almost ten years now. I could never imagine what I have now in my stack and still pay off my mortgage since. Practice those savings principles, the earlier the better.
Always, with love 🤗🌺❤️
!LADY
Ms. Ravenhill @kerrislravenhillYou will like this One because Everybody is Breaking Bad..............
Keep on Stacking Young Lady...........
!LADY
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I will neither confirm or deny that I am in possession of a bathroom scale.
!LOL
!LADY
!PIZZA
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Well, it is more of a rap really.
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Well……I hear he is a pain in the neck.
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We are lucky to have been consistent all these years!
Much !LUV, sis 🤗🌺❤️
!LADY
You received an upvote of 87% from Precious the Silver Mermaid!
Thank you for contributing more great content to the #SilverGoldStackers tag. You have created a Precious Gem!
Thanks, @ssg-community
!LUV
!LUV
Great wisdom that everyone should take to heart!
!BBH
!LUV
!BBH
!LUVIt is sound money advice, @thebighigg .
👏 Keep Up the good work on Hive ♦️ 👏
sagarkothari88 to upvote your post ❤️
❤️ @dimascastillo90 suggested
Thanks to @dimascastillo90 !
You're most welcome @silversaver888 ;)
Ms. Saver @silversaver888!LUV
!LADY
!PIZZA
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!LADY
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That is some beautiful silver
!BBHThank you, @youloseagain !
Very good thoughts on wealth management.
!HUG
!BBHOne cannot give advice on what one doesn't have first-hand knowledge of and practice, @ironshield.
I sent 1.0 HUG
(1/3)Dear @ironshield, you just got hugged. on behalf of @silversaver888.
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Your post was manually curated by @michupa.Thanks, @michupa !
Being a father of three adults, I try to encourage my grown children to save and invest!
Yesterday is gone, we need to start fresh today !👍😇🤗Very wise words @silversaver888!😇😊
!LUVForget yesterday... you can't do anything about it. Begin again, @silvertop 👍😇🤗!
It's always best to look to the future!😀Very true @silversaver888!😇
You sure picked up a nice Stack of Silver... I'm totally impressed with your collection...
!BBHThank you, @pocketechange . I didn't just pick them up one day,,, it took years!
Ms. Saver @silversaver888More in Your California Young Lady.............
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!LOL
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Now I have all Kenny logins
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So many beautiful pieces very nice !DOOK !LOL !ALIVE
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They both measure wait.
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It finally arrived!!!
!BBHThank you, @bitcoinman . That's what happens when you stack, !LOL
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It was a knick knack paddy whack.
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LOHtokens.Very interesting and quite good article. Good afternoon for today and hopefully the best is always for all of us.
Thank you!
!PIZZAI wish you the best, @mnurhiver !
OK, you're welcome, thank you very much too.
!LADY
Today's world lives on credit cards and borrowing! The amount of commercials for home equity loans and/or personal loans, it astounding. I don't think that people, especially those without a lot of life experience, realize just how damaging credit cards and loans can be. Are loans necessary? For most, yes, if they wish to purchase a home, but for 'fluff' things, no. I once knew of this guy who absolutely needed overtime just to make ends meet as he was living beyond his means, and when the company said no more overtime, he was in trouble!
Sound advice sis, and I hope that your post impacts someone who might be about to make a financial decision that would not be in their best interest.
Love ya much sis!🤗😘😍💖🌹 !LADY !LUV !PIMP
You must be killin' it out here!
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I don't know why they don't teach money management in high school, sis.
Much !LUV 🤗😘😍
!LADY
!PIMP
You must be killin' it out here!
1.000 PIMP@silversaver888 just slapped you with , @elizabethbit.
You earned 1.000 PIMP for the strong hand.
They're getting a workout and slapped 1/1 possible people today.
Read about some PIMP Shit or Look for the PIMP District
It is a skill that is most definitely needed! Does make you wonder why they don't, though. Love ya much!🤗😘😍💖🌹
It's not meant to be financial advice but at the same time it's one of the best advices one may be given..😂😂😂
Debt control and a higher salary payout is key!!
Part of being able to negotiate a higher salary is the quality of one's work. In this regard, upgrading skills is helpful.
!PIZZAYou got it right, @seki1 .
Sorry for the delay, last week my notification feature wasn't working properly. I received 100 more LOH tokens just a week ago and I thank you for not only these tokens but also for being one of our sponsors in our contest. Thank you for this generosity. 🙏 Have a lovely day! 😊
!PIZZAThe pleasure is mine, @untilwelearn! Keep up with your contest!!!
😊🙏🏼
So many great pours and some great advice to go with it… nice. 😎
The kids are asleep I suppose (because you have time today to visit, !LOL).
!LUV
!BBH It nice to receive a comment from you, @brian.rrr. I wish you well!
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He wanted to take up residence.
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