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.