Skip to main content

Frugality

In my quest to find how to be rich, to be financially independent, to be able to settel my loans fast, I discover, no magic formula, except that I found this harsh word that is FRUGALITY.  I have to live frugally in order to achieve my financial goals. That's goes my dreams to do so many things if I want to achieve my financial goals.

It makes me felt very sad and burden. As much as I wan to do and have so many things, I have to delay it until I really stable. Thinking back, the loans that I have now already burdensome to me, I cannot adding more debts.

 Then, the other important matter is discipline. It takes a lot of discipline to achieved my goals. But my questions is, should I sacrifice to the extent of making me feels miserable, as long as I follow this rule? Like example, I have a problem with housemate, so I decided to stay alone, and I know I save money more if I share, but it will make me miserable as my previous experiences has taught me very bitter experiences.

To end my writing, this I quote

Creating wealth is sort of like dieting.Everybody wants the end result but the discipline to achieve that result is usually lacking.Oh, if only there were a magic pill that you could take to lose weight or to create wealth without changing your habits. We would all be rich.FRUGALITY...FRUGALITY...FRUGALITY. It takes discipline.Contrary to certain opinions i.e. revews posted here, you don't need "a wad" to do this.However, by following these concepts, you will soon have a wad.There is no level of income that you can't outspend and yet most of us feel that we have an unlimited supply of cash.You would think that considering the ever increasing number of bankruptcies and mortgage foreclosures not to mention company downsizings that people would have learned by now. Peer pressure...keeping up with the Jone's drives many people to live beyond their means. Remember this: when your outgo exceeds your income, your upkeep will become your downfall.DELAY GRATIFICATION. Pay yourself first. Invest and then buy toys with the profits.
Get this marvelous book from
The Millionaire Next Door: Surprising Secrets of America's Wealthy
Labels:

Comments

Sell Gold said…
Magic formula is nothing than to store gold and sell that in future when price goes higher.
November 4, 2011 at 8:03 PM
Post a Comment

Popular posts from this blog

The importance of having right mindset….

Got it from a website, and share it here. These are quotations from famous people about hard work and perseverance and of course the right mind set.  It's fine to celebrate success but it is more important to heed the lessons of failure." ~ Bill Gates "As long as your going to be thinking anyway, think big." ~ Donald Trump "The last thing that people want to hear is the plain simple fact that the rich think differently [about money] than the poor ... They have what I call a wealthy mindset." ~ Robert G. Allen "If you work for money, you give the power to your employer. If your money works for you, you keep and control the power." ~ Robert T. Kiyosaki "Flaming enthusiasm, backed by horse sense and persistence, is the quality that most frequently makes for success." ~ Dale Carnegie "Actually, I'm an overnight success. But it took twenty years." ~ Monty Hall "I don't look to jump over 7-foot bars: I look ...
7 comments
Read more

2012

My 2012 has been a great year to me, and for that I am really thankful to Allah. There has been ups and downs and each one of it has been very meaningful to me. I started 2012 with a new place of work. The task become easier compare to the last my place of work. Less demanding and less pressure. But well, each place has it own problems. I encounter mine. But I take it lightly because it is not the problem that can caused me to feel angry. Instead the problem has shown me that I actually have issue with people. Then,turn out what I have to do is to just smile, ignore and do what I think is right. Do not bother what people think, as long as I do my work passionly and I try to be friend with them. Then, I discovered things about me. Like actually, I am not that very patient person. I will get what I want. It just, do not test my patience. It could be that I answer you back, or I will ignore that person totally. Actually, I hate the rush of impatience when it comes. It not good. And I ...
3 comments
Read more

Jump Into Conclusion

Are you kind a person who easily jump into conclusion? Ok, let say, you meet a person who her parking skill is bad, so, without knowing her, without even say hello, you just says this to her, ‘are you paying for your license ( means that you are getting your license not in right way by paying your instructor so that your license is approved ?) I stumbled this kind a person yesterday. Luckily I am not that  kind a person who can answer back immediately, or there might be war. Just because you have a good car (by the way, it just vios, many people have it, and it still belongs to the bank, and within 7 years, many things could happen) and mine is MYVI, which I am very proud of it, it doesn’t serve you right to say that, to jump into conclusion to sarcastically says that easily. You do not even know me. I found it very rude. I have been in this situation, unable to park when the place is too crowded, but instead of getting sarcasm remarks, that person, offer me to help. That is cou...
4 comments
Read more