1. If you work more, you can earn more money and spend less time spending money.
2. Cutting out wants is usually the best way to start saving money.
3. You need less money than you think to retire.
4. Buying brand names isn’t going to improve your life.
5. Always save first when you get your paycheque, instead of buying things before saving.
6. You don’t have to buy everything in one month. You can schedule, strategies or improvise.
7. Don’t wait to make positive changes.
8. Beware and avoid impulsive spending. Stop the challenge of buying on sight.
9. Don’t keep up with the Joneses – you can’t.
10. Take responsibility for your own money.
11. Wait 7 days to buy what you want.
12. Budget to direct your cash flow.
14. Spend less on wants than needs.
15. A house is not always an investment.
16. Keep your emergency savings separate from the money you plan to spend day-to-day.
17. Set goals and focus on them.
18. Your goals will change over time, and that’s ok.
19. Keep going through the difficult times.
20. It’s never too late to start saving and investing.
21. If you can’t buy it twice, you can’t afford it.
22. Don’t let lifestyle creep get in the way of building wealth.
23. Small purchases add up quickly.
24. Learn to say no.
25. Using credit cards makes it easier to spend more.
26. Use your employment benefits.
27. Invest money you need in 5+ years in assets.
28. Keep your emergency fund in a High Yield Savings Account.
29. Avoid credit card debt.
30. Only keep up to 12 months of expenses in checking accounts.
31. Use low interest debt to buy assets.
32. You don’t need a lot of money to invest.
33. You shouldn’t be saving OR investing if you have high interest debt.
34. Short term investments don’t work out.
35. Watch out for bank and investment fees.
36. Diversify your investments.
37. Always keep learning about the markets and economics.
38. Cash flow is king.
39. Start investing what you can afford.
40. Headlines are designed to get your attention.
41. Don’t invest money you need in the short term.
42. Buy and hold through the volatility.
43. You’re going to be tempted to sell assets at the worst times.
44. Always ask questions.
45. Not all financial advisers are working in your best interest – always do your own research.
46. Invest long term savings.
47. Avoid lifestyle inflation.
48. Eat out less and buy higher quality groceries instead.
49. What you have is enough if you can think enough..
50. You don’t need a reason to save. Visit solomonhills.com to start now
