Trim The Fat

Saturday, March 12, 2005

Inspiration to save

All but the last one came from the site below

http://www.mdmproofing.com/iym/

You cannot save $5000 until you save $1000. You cannot save $1000 until you save $500. You cannot save $500 until you save $10.


The majority of people go through life without truly understanding the difference between assets and liabilities. The rich got where they are by purchasing assets. Low- and middle-class people got where they are (and stay there) by buying liabilities.

The more money you make,the more money you will spend.

The amount of money a person makes is important, but it is secondary to the degree to which that person controls his expenses. Budget and plan your expenses earnestly. Demand value for the dollars you spend.

Set SMART goals. This in one I picked up at work. Specific, Measurable, Achievable, Relevant, Timely.

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