ALLAN'S

Pay yourself first.Save or invest money before splurging on wants.Investing is a way to pay for your freedom with money earned today.To make investing simple and easy, set up automatic investments.Start out modestly and build up as you see fit. You can’t save your way to wealth.*Saving money is a good idea since it provides a safety net and gives you access to cash if needed.But money loses its value with inflation.• Budget.It is a tool that gives your hard-earned cash.When you prioritize your spending, it is difficult to buy unnecessary items.A need is a necessity to live and function. A want is a nice thing to have but not necessary.Build your credit score.The modern economy runs on credit.A good credit score is required for any loan, including mortgages, auto loans, and student loans.Having good credit has advantages:
– Great loan terms
– Low interest
– Great odds of approval
Become financially literate.Many people are poor, not because they lack money, but rather because they lack financial literacy.Understanding money will transform your life and save you from making costly mistakes.Earn more and spend less.You can only eliminate or minimize a certain number of expenses.However, there is no cap on the amount of money you can earn.Whether it is a side hustle, a raise, or a new business, find ways to always increase your earnings.