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Are you looking for ways to stop letting money control your life?
In this video, Stefan provides you with some money management tips for how to budget and save money. Saving is very important. You have to make sure that you are putting money aside every month.
The problem is that most people do not budget or save their money. In fact, most people live paycheque to paycheque.
Whatever money they earn goes directly to paying off their monthly expenses. Therefore, there is no positive cash flow that they can then use and put aside.
Harv Eker said it best – “It comes down to this: Either you control money, or it controls you. To control money, you must manage it”.
It's time to master your money so that you can move forward with your life goals and experience financial freedom!
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1. What does he mean by the rate race? (00:01:04)
2. What is one thing that you want to purchase in the future? (00:02:17)
3. What are you sacrificing (delayed gratification) today to save for that one thing? (00:02:18)
4. What is positive cash flow? (00:05:59)
5. Why would you want to track your budget every week? (00:07:53)
6. What is one benefit of using a credit card instead of cash? (00:08:19)
7. What is one way to prevent yourself from overspending on a credit card? (00:08:39)
8. Why is it important to learn to manage your money at a young age? (00:09:36)
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