Cash Money Life posts the inspiring story about how he is financially comfortable due to just making intelligent, disciplined decisions and living below his means.
I am not perfect and I am not rich… but I consider myself financially successful. Why do I think that? Because every month I don’t worry about paying my bills. I know I have enough money in the bank to pay them in full. I don’t worry about bouncing checks. In fact, I haven’t balanced a checkbook in years. I use my rewards credit card and transfer money to pay it off. I rarely write a check and I always make sure I have enough in my account first. I also consider myself to be financially successful because my wife and I were recently able to take a substantial salary reduction because our quality of life is more important to us than money. We could not have afforded to do that if we did not live within our means.
I am financially successful because I spend less than I earn. I know it is an easy concept, but one that is not easily mastered. Thankfully, I learned this at an early age, and still continue to do this. I hope you can learn to do it too. It’s a beautiful feeling.
When I ran across this blog post, I was very excited to read the tips and advice written there because it’s the type of financial philosophy that many of us strive to achieve. I work hard to one day get to the point where I can take out a loan if I choose too, but also pay it off immediately if needed. That way I am not struggling to keep up with debt payments because the money is there, but I still have the option to keep my credit rating up.
The important part that seems to really bring it all together is his emphasis on not depriving himself. He still has gadgets and CD’s and things, but he has them in a reasonable amount and purchased them at a reasonable time frame. There wasn’t any immediate gratification he was trying to sate, he just lived well so that he had the ability to have some of these things and not feel completely “without”.
Some good advice here 🙂