How to predict your financial future?
Do you know that only 3 out of 100 will be rich at the age of 60? It means that most of the people you know will be broke.
This is sad but statistic but true all around the world.
How to make sure that you will be the rich?
Here is a question that will help you to clarify it.
Do you spend less than you earn and invest the difference?
Yes or no?
Most people spend more than they earn. That’s why in the years ahead they will be more in debt and someday they will become broke.
The rich who started with nothing followed a simple formula. They saved some of their income invested it carefully and they repeat this process for years.
The formula to build a prosperous financial future is to spend less than you earn and invest the difference and in the years ahead you will accumulated a great fortune.
For example, let’s say you earn $10,000 per month and spend $8,000 and save $2,000. Than you invest 2000$ carefully. In this case you build yourself a good fortune.
If you earn $10,000 and spend it all plus a bit more besides. That means that you are in debt. And in the years ahead the debt will grow bigger and bigger.
If you want to change the situation what you need to do every single month save at least 20% of your income and invest carefully.
Financial future is easy to predict. If you spend more than you earn then you will be in a big debt if you spend less than you earn and invest the difference then you will be be rich one day.
What do you choose a life of poverty and lack of money or a prosperous life full of freedom and excitement?