We talk about building wealth requires you to first make a decision to do it but not just that make it your personal project.
Success rate will be higher.
Bill Clinton had to kick his eating binge for unhealthy food if not he would not live for long. That is his doctor’s advice. [Huffington Post]
But he managed to become a vegan.
I know many friends who would never imagine themselves being a vegan.
Usually they would, when it becomes too late for them.
What I find interesting about Clinton’s quote was this:
"The main thing that was hard for me actually — much harder than giving up meat, turkey, chicken and fish — was giving up yogurt and hard cheese," the former president said.
Clinton said he "would keep a record of everything I ate every day — what, when and how much."
"That’s easy for everybody to do. Just go write it down. And then I’d start looking at it and say, ‘what am I going to give up and what am I going to substitute?’" Clinton said.
Apparently, he wants it bad enough, such that it becomes his personal project.
This is similar to finding the fat to trim in your spending. You won’t know until you take notes on your spending habit.
- Get Rich – How to pay yourself first: The important first step is to build up your savings. Without a stream of cash flow, you cannot conservatively get rich. Here is how you can build a habit out of it.
- How to create a budget in 10 easy steps: Here is my guide with an overview of why you need a budget plan and how to plan for it.
- How to budget your money well with FREE Mvelopes: Envelope budgeting is one of the best way to plan and control your finances. This is a detail guide how to carry this out.
- Another How To guide to Envelope Budgeting with Quicken: Here is how i carry out envelope budgeting with the very comprehensive Quicken
How bad do you want to be healthy or financially stable?
Kyith is the Owner and Sole Writer behind Investment Moats. Readers tune in to Investment Moats to learn and build stronger, firmer wealth foundations, how to have a Passive investment strategy, know more about investing in REITs and the nuts and bolts of Active Investing.
Readers also follow Kyith to learn how to plan well for Financial Security and Financial Independence.
Kyith worked as an IT operations engineer from 2004 to 2019. Currently, he works as a Senior Solutions Specialist in Insurance Start-up Havend. All opinions on Investment Moats are his own and does not represent the views of Providend.
You can view Kyith's current portfolio here, which uses his Free Google Stock Portfolio Tracker.
His investment broker of choice is Interactive Brokers, which allows him to invest in securities from different exchanges all over the world, at very low commission rates, without custodian fees, near spot currency rates.
You can read more about Kyith here.
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