“As You Manage $ 100, It Is Likely That You Will Manage $ 100,000.”
A higher salary will benefit your finances more than a penny. However, if you don’t learn to save on a little money, you are likely to run into the same financial problems as you start earning more. Or, as finance writer Patrice K. Washington writes, “The way you manage $ 100 is likely to help you manage $ 100,000.”
Whether you want to create wealth, financial security, or financial independence, it’s not so much how much you make, but how much you save. Being a millionaire doesn’t make you immune to debt. For this reason, it is important to stick to good financial habits from the start.
Here’s what Washington, author of Real Money Answers for Every Woman , has to say about this:
As you manage $ 100, chances are you will be managing $ 100k. You are the same person with the same attitude, behavior and habits. It’s not about getting more money. It’s about handling the money you have in a more disciplined way. When people wish for something later, it gives them the opportunity not to focus on self-improvement today.
Of course, the more money, the more opportunities. However, if you don’t know how to manage money from the beginning, more money will not teach you how – it will just give you more control over it.
Check out the full post and interview at the link below.
Real Money Answers For Every Woman | Patrice K. Washington via Business Insider
Photo courtesy of tax incentives.