Get Rich Slowly: Tax yourself on stupid things!
I read this article on “Get Rich Slowly” that explains how psychological tricks can really save you a lot of money and get you a jump start. The two main points that I liked the most are:
1. Tax Yourself. I love this idea. I’d never heard it before. “Everytime you buy something nonessential, put 10% of the purchase price in an envople.
2. Set a clear goal. If you save for a particular goal, you’re more motivated to stick to the plan. Recently, I’ve been using purpose-driving investing. It works like a charm.
If you practice all the basic activities of that list, then I will greatly impact on your financial life.
The way I usually save money is by always transfering money from my checking account to the saving account right before the end of the month and my new paycheck. That works pretty charm to me. But hey, don’t fool yourself by wasting it all before hand.
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Morad Rayyan is IT professional specialized in New Media development and has special interest in networking "routing" as well as programming.
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