From a $200,000 monthly lifestyle to living with her parents: The financial mistake you need to avoid

Creating a personal budget is one of the single most important steps you’ll take on your journey towards creating real wealth.

Many people make the mistake of thinking that having a good budget is just for those people who need to count their pennies to make ends meet. But they’re wrong: budgeting is for everyone and I mean, everyone!

My experience has been that the more money you earn, the less you monitor where your money goes. And at the end of the week you’re left wondering where your money has gone, because you haven’t been keeping a careful eye on it. Even worse, I’ve picked up on a trend that reveals the more you earn, the less likely you are to save! It sounds counter-intuitive, because you’d think that people with plenty of money would have a great bank balance.

→ Read More

Creating a personal budget is one of the single most important steps you’ll take on your journey towards creating real wealth.

Many people make the mistake of thinking that having a good budget is just for those people who need to count their pennies to make ends meet. But they’re wrong: budgeting is for everyone and I mean, everyone!

My experience has been that the more money you earn, the less you monitor where your money goes. And at the end of the week you’re left wondering where your money has gone, because you haven’t been keeping a careful eye on it. Even worse, I’ve picked up on a trend that reveals the more you earn, the less likely you are to save! It sounds counter-intuitive, because you’d think that people with plenty of money would have a great bank balance.

→ Read More

Share this post

Share on facebook
Share on google
Share on twitter
Share on linkedin
Share on pinterest
Share on print
Share on email

Become a successful Property Investor

Start Here With Your Free Investment Gift Pack Valued at $297

Get one step closer, Fill in the form below

More from Real Wealth Australia

Blog - The Next Boom Cycle Is Coming... Prepare Yourself
Articles

Post COVID-19 Property Boom Cycle is coming… prepare yourself!

The Corona virus pandemic is in the process of trashing property prices by possibly up to 30% according to some and when it’s over be …

How to invest and prosper in uncertain times
Articles

How to invest and prosper in uncertain times

Most of us have gone from living our lives, going about our business, taking care of our homes, to a level of uncertainty that caught …

Will the property market crash_
Articles

Will the property market crash?

Australia is in lock-down, schools are closed, many people have lost their jobs or are working from home. We must all exercise safe distancing, which …