How to Live a Comfortable Life without Going Broke
Do you wish you lived a life like those popular Instagrammers who post photos of new cars, fancy meals, ridiculously expensive clothes and shoes, and trips you dream of? Who doesn't? Nice things cost money â€“ that's a fact we can't dispute. When you don't have enough money, you have to tame your desire for nice things until you get out of that financial disaster.
Does it have to be that way? Do you have to wait to make a fortune to start living like you always wanted to? Would glamorous style be worth the efforts if you can't afford it before you're fifty? The reason for your discontent is hidden behind the fact that you're determining your values, dreams, and goals based on the way other people live their lives. You imagine yourself in the place of those Instagram characters, but you don't see the reality behind the photos. In many cases, those people have less money than you think.
Some people have a talent for creating the illusion of wealth. They can't live extravagantly when their resources are limited, but they can manage their work, time, and expenses in a way that enables them to get most things they want without going broke like a joke. The secret behind their success is diligent planning.
You have to determine your goals and find a way to achieve them. Each goal should come with an expense assigned next to it. When you realize how much money you need to achieve that goal, you'll be able to cut on unnecessary expenses until you save enough to grant yourself the pleasure. Of course, you can't have a financial plan without tracking the necessary expenses, so you have to start making enough money to cover those and leave something aside for the sake of achieving your goals.
Let's go through some financial advice that will help you live a more comfortable life without committing your entire life to the goal of making a fortune.
1. Determine your goals and values. Then, base all financial decisions upon them!
It's very important to realize what goals and values influence your decisions. Take a piece of paper and write down the things you want to achieve. Do you really, really want the latest Mercedes Benz model? Do you dream of a trip to Paris? How much would those things cost?
So, the next time you see those lovely shoes in the store, think: â€œDo I want to spend $100 dollars on shoes, or do I want to be $100 closer to the goal I'm pursuing?â€ We're talking about living a comfortable life after all, so you don't want to give up on all pleasures just to get a new car. However, you can reduce the unnecessary costs to minimum, in a way that won't affect your lifestyle that much.
2. Get the financial priorities in order
It takes a lot of planning to determine the most effective investment strategies, but you have to do that at one point or another. Write down the priorities for your life. A new car or a trip is not exactly the smartest priority to have. You can have a financial priority to start earning more money, eliminate debt, save enough money to gain more education, get a new homeâ€¦ you're responsible for the priorities you make.
When you set the priorities and goals, you have to believe in your capacity to achieve them. In order to achieve those goals, you need to take small actions every day. For example, you can start working as a freelancer for two hours a day and make at least $20 every day, so you will contribute towards the plan. Financial planning would be fruitless if you didn't take action.
4. Focus on the things that are important
When you have a good financial plan, you'll stop focusing on money and you'll shift your attention to the things that are actually important. Take long walks, spend time with your friends, and stop worrying about those goals â€“ you have a plan, remember?
Financial planning is a journey that takes you to the destinations you aim for. When you gain the talent of smart budgeting, you'll finally be able to get nice things without going broke.
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