Do you agree that you can Get Rich with these 10 tips
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Don’t you agree that there are many ways to get rich. But do you agree that you can get rich with the following frugal tips:
1. Every month save a certain amount of money, no matter what happen
2. Keep track your daily and monthly expenses and cash flow
3. Double check all your expenses and make sure no extra charges from your merchant
4. Just keep 1 credit card
5. Prepare your lunch everyday
6. Use public transports instead of driving your own car. Save petrol, insurance and parking fees
7. Read more books on how to repair electric products
8. Stay in a smaller house, use second handed or refurbish products
9. Think and plan before you buy
10. Negotiate to get a best price while shopping
What do you think?
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One Response to “Do you agree that you can Get Rich with these 10 tips”
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No, I do not agree. Where exactly is earning extra income to fight off inflation?
1. Every month save a certain amount of money, no matter what happen
how does this help you get rich? Shouldn’t this money be invested somewhere or just sit in a .75% bank account?
2. Keep track your daily and monthly expenses and cash flow
ok but then what? what if your budget for groceries is $100/month but you’re spending $200/month? Do you cut back and starve?
3. Double check all your expenses and make sure no extra charges from your merchant
ok but how does this get you rich?
4. Just keep 1 credit card
ok but how does this get you rich?
5. Prepare your lunch everyday
you’re still spending money here right? Spending less than eating out but you’re still spending right?
6. Use public transports instead of driving your own car. Save petrol, insurance and parking fees
You’re saving money but you’re still spending WHEN and WHERE are you earning extra money?
7. Read more books on how to repair electric products
This MIGHT help you earn money - good.
8. Stay in a smaller house, use second handed or refurbish products
Using second hand or refurbished products will help save money but you’re still in spending mode. When do you get into earning mode?
9. Think and plan before you buy
Buying again? Your plan for getting rich involves spending a lot of money for a lot of cheap products.
10. Negotiate to get a best price while shopping
Buying & Shopping again?
50% of your list involves SPENDING MONEY, 10% involves getting a skill that MIGHT earn you money. The remainder are 10% saving money, 20% managing expenses.
So in essence you have a plan that centers 70% around spending money then managing those expenditures and you expect to get rich with this plan?