Debt is something we are all familiar with. Don’t you agree? What’s more disturbing is that Australian households have become quite used to accumulating debt over the years. According to the Australian Bureau of Statistics 2013 report, the total household debt was standing at $1.38 million which is record high. The average US household story is also no different. Recent surveys suggest that an average US family carries more than $5,000 in the form of credit card debts and it’s not just people with bad financial habits who get into trouble.
How many times do you hear people say “I just got paid yesterday, then why I’m broke?” Well, you can stop being broke (too soon), and all it takes is a few simple financial measures to get better. Yes, you can train yourself to spend money only when it is needed and this financial makeover is not impossible.If you have a good look around your home, you would realize just how much crap and unwanted stuff you have managed to accumulate. Yes, we’re surrounded by an enormous bunch of clothes we never wear, shoes that never get a chance to escape the closet and there are DVDs, crockery, appliances, and what not.
Do Spending Habits Matter? Of course, it does... A high paying job and a bunch of high-profile investments can land you in the elite earner’s club. However, it is often your money habits that make all the difference between a life of financial prosperity and one of constant financial stress.
“How to be rich” is one thing we all think about. Why do rich keep getting richer? Were they born lucky or did they just win a lottery? Well, getting rich is not all because of luck or the family you are born into. It’s more about how financially disciplined you are and how you try to do things differently.Economists suggest that the rich would only keep getting richer and this wealth inequality gap is going to increase with time. This may not seem fair, but things can change if you dedicate a good portion of your time to become and more importantly, stay rich.
Earning money is not an easy task for many people. There can be people who are still unhappy regardless of the amount of money they have in their bank account, and there are also people who may be a little strapped for cash and looking to try build up their funds. No matter the reason, life would be great if money just fell in to our hands without any work whatsoever. We all know this isn’t the case though, so let’s go through the 5 easiest ways to earn more money.
Money, power and respect, all of these things go hand in hand. Money is a great tool in life if you know how to use it. If you let it control you instead of the other way around, your life will quickly plummet into a downward spiral.Some people believe “money is the root of all evil.” In my opinion, only people are to blame for evil. If they are mentally weak and money controls them, so be it. It’s their fault for missing the point of life.