How to keep ourselves safe from getting broke?
- Thread starter Hate2Wait
- Start date
you are right i think the proverbs "cut your coat according to cloth"
Make multiple passive income sources get a good degree move to a high paying country save money retire in a medium tier country with good people outlook and live happily invest in passive income sources and diversify .
The problem is that at times we have so many expences and less money and that is where the problem really is.I have been trying to work on my cash burn rate and that is why i want to increase in having multiple income streams.That is the only way to starting having enough to save.i intend to be on about ten earning platforms.Some hard and some easy.Like two faucets,two paid to click sites,three paid to post sites,two good earning sites like teaching online and my main business which is a personal development coach in perspnal development(personal growth and relationships) and business growth.
If i am ripping in profits from all these circles then i know money will be coming in at a fast rate which will help in executing a lot of projects and other potential prospects.
If i am ripping in profits from all these circles then i know money will be coming in at a fast rate which will help in executing a lot of projects and other potential prospects.
- Thread starter
- #5
Yes good one, this way we can save
I think if we don't want to be broke, we should spend our money wisely. We should learn to budget our funds and make it a habit to save too. It's ok to spend money extravagantly once in a while, like rewarding yourself with a bag or taking that trip you always wanted, because you deserve those things too, especially if you have something to celebrate, as long as you know your spending limit.
Live within your means and avoid taking loans or borrowing money from others just to show off on social media. I have come across people who tend to conform to this trend, but it is not a good practice.
Do not spend more than you earn. Don't take out a loan you may not be able to repay. Have a habit of saving. Put a portion of your earned income in your bank every month.
We usually broken down when we face severe financial crises, so with good intentions start saving money from right now. We broken down when we rely on someone and he/she kick us suddenly so keep distance never totally depends on any close people try to not take support of anyone.
One should see that the capital is not touched and manage with savings. One should think twice before going for one's wants.
You would need to spend your money very wisely to keep yourself from getting broke. You need to have control over your cravings and lastly, double your hustle.
