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There comes a time in everyone’s life when they hit a money crossroads.
You know you should be spending less. But the desire to buy things gets you every time. You think the only possible way to build savings is by making more money at a better job. So you search longingly through job boards for the perfect position and promise yourself that when you land the right job with the right money everything will fall into place.
Lots of income, lots of savings, and the high life.
That’s not how it works.
If you wait for all the puzzle pieces to fall into place before budgeting or saving you are guaranteed to fail. And when your income increases (which it will) you’ll just find more stuff to spend money on. Sure, you may not be making as much as you would like to right now and that can be a good thing.
Use this time to research the investments you want to make in the future when you are bringing in more cash because knowledge about money is just as important as the green paper.
Still not convinced you can pay off debt or save with what you got? I honestly didn’t think so either.
My salary was very modest when I started off paying debt and I even paid for my own health insurance outside of work.
I didn’t let that stop me.
All you need is a clear end game. One goal to get you started. Mine was paying off my student loan almost three years ago to start a business. I can tell you one thing, there was no lobster tails or Sauvignon Blanc in our household for a while! But I knew that the $0.00 balance on my loan account would be even tastier.
During your journey, there will be temptation once in a while. You’ll want to splurge. That little voice in the back of your head will tell you to start saving next week, month, or year. Your circle of friends may try to convince you to take a trip or spend a dollar you shouldn’t.
The answer to overcoming it is simple.
Cut the crap and GET HYPE!
Get excited! Get empowered! Focus on how great you’ll feel when you meet your goal. Create a budget. Post inspirational notes to yourself on your computer. Listen to music that motivates you! I blare soca music or dancehall to get myself in the zone when scheming and plotting. Find something that gives you an unstoppable feeling.
Because that’s what you are!
And it all starts with one step forward.
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