The Wealthy Barber puts in into simple terms, pay your self first, save, and go ahead. This book has taught me that it is never to late or too early to start saving your money. It has taught me to help self manage my budget, and has also showed me the value of money. .
Money is an easy thing that anyone can make as long as you have time to have a job and work efficiently throughout your job hours. What a human does with his/her money is a person aspect in which no one else can handle. Many people don't realize that if you invest your money properly you can produce more money due to interest rates. Through this you can not only live happily in the short-run, but you can live a wealthy in the long-run and enjoy your later years. .
One of tips which caught my eye the most was the chapter, "Ten Percent Solution". This chapter explained to me that some people have a limited budget due to the fact that they are at a lower paying job and are making minimum wage or close to it. Some times people have a hard time maintaining an education with a part-time or full-time job. There are many people in the United States as well as all over the world, who have to work in order to pay for them to receive an education. I am fortunate enough to be able to manage my time to educate myself as well as work twenty to twenty-five hours per week. I do this because it gives me freedoms while at school, such as eating well, socializing and trips to visit friends. Each part of my pay check is put into my savings account so it can gain interest, and when I need money it is an available resource for later use. If one was to invest 10% of their pay check, in the long run their money supply would be enormous and have more money to enjoy, and will have a higher standing of .
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living. Ten Percent might seem like a lot at the time, depending on how much you consume, but you will benefit from it in the long run and are more likely to have a budget surplus due to the money you supplied.