Do You Have a Decipline to Manage Your Financial Life?

yes i have alot of diciplin to manage my financial life. i am good with knowing what i should and shouldnt buy. i am good at keeping a low budget. so i am pretty good at doing that and saving money.

The way to accumulate more money is not to work hard for it, but to let it work hard for you. You are doing just that by investing. If you consider that a person investing just $2000 a year in a IRA starting at age 35 would have aprox. a million dollars in principle by age 65....doesn't that tell you something. It isn't bad to use your credit cards. If you pay them off in full every month you are actually using other people's money for free, for up to 45 days! Investing in securities isn't as easy as it was in the 80's. For those starting out, Mutual Funds give you the opportunity to start small and add to the account monthly. Templeton Global Fund is a particularly good one. Just don't ever buy annuities. If you don't know why...do some research and you will understand. Real estate is also risky for most people, again because of the condition of our market. It has never been the best investment vehicle. And owning a home is not the best way to save money either (as we have been taught...calling it "forced savings") The point of all this investing now is that someday when you want to retire, you are going to need some money to live on. Consider that million dollars you have at 65. If you move it to an interest or divident income vehicle you could expect an annual income of around $60K. But you can never touch that million in principle. That's my story and I'm sticking to it!

i used to be a big spender before treat a lot of friend since no one depends on me, my salary is just mine alone. but maybe there comes a time that god will put you the test to check how strong you are without those. right now i lost my job, i dont have other means of earnings coz im also pregnant and the guy left me. thats why im here in my lot trying to earn extra for my monthly check though i still have saving in the bank but i dont think it will be enough for my birthing expenses. i just pray to god he will provide me everything what me and my baby needs.