We hope that these tips will help you become a millionaire, or at least to provide for themselves and their families.
typically 50/30/20
This rule helps plan your budget.
50 - it costs, without which it is impossible to do. This payment of housing, transportation, grocery shopping, etc. Set aside 50% of their salary to this article.
30 - this is your personal expenses. Only 30% of their income you can spend on entertainment and hobbies.
20 - a savings. 20% you have to put into your bank account.
Like the sales and buys wholesale
We all know that the sale of save money. American entrepreneur Mark Cuban said:
Beat off the money, making regular purchases, very difficult, [...] so that it is much more profitable to purchase, for example, a two-year supply of pasta, when she was a 50% discount. Thus you will immediately return their investments. It is a real saving that you put it in his pocket.
5 practical tips from millionaires: take note! / istockphoto.com
On spending money on everything
The more you buy, the less money you have left. Rational approach to buying. Before you buy something, ask yourself: "I definitely need this thing?"
Billionaire Thomas Boone Pickens says:
People are always surprised by how it is I do not have cabinet slaughtered costumes. I buy 3 suit approximately every 5 years, and all of my 10 pieces. More I do not need.
Passive income
All rich peopleWho earn money, not spend their time at work. It is important to have a passive income. If you grind away for the sake of every penny, it will not help you get rich.
Money - it's not all
Money - it is not the most important thing we have. For the money you can buy a house but not a family which will live in this house. Yes, money is hard to live without money and improve quality of life, but nothing compares with the support of family and friends, health and happiness.
You will find interesting 7 ways to save on buying food for a large family
