Saving, investing, and spending habits can determine our wealth.
What happens when you don’t save or invest, but spend money on too many wants? You’ll wonder where your money went. Wouldn’t it be nice if we had an infinite amount of money? Then spending wouldn’t be a problem.
But we don’t have an infinite amount of money so... Be careful when spending money on what feels good in the moment, only to regret it later. Think about your daily purchases with your money goals in mind.
Save money to use as an emergency fund, future home or auto repairs, and vacations instead of charging them to a credit card.
Invest money on a consistent schedule into real estate, the stock market, or retirement accounts.
Focus on earning more. The more you earn, the faster you’ll build wealth. Remember, as long as you practice WISE habits, you’ll build wealth.
Stay consistent! Saving and investing will make us wealthy, but it takes time. Be intentional about your spending with your goals in mind.
What habits are you using to build wealth?