Many of us read financial websites most days of the week, if not every single day. Let’s face it, people like us care about money. We spend so much time thinking and reading about money matters that we sometimes know how a particular article will be structured as soon as we finish reading the title. We feel that by reading, thinking and talking about money, we can somehow become wealthier.
But yet, this isn’t good enough.
In order to be financially free, reading and thinking about money advices isn’t good enough because we also need to apply what we learn. Everyone knows that eating out costs much more than cooking and bringing a brown bag to work, but only those who are motivated will actually take the time to cook at home. Everyone knows that taking on a huge debt to buy the fancy car is not a good financial move, but it truly takes discipline to control the impulse to buy on the spot.
On paper, everything is easy. Live below your means, invest wisely and let time take care of itself. In reality however, living below your means takes constant effort. It takes motivation to invest and stay invested through tough times. It takes motivation to give up that dream car we always wanted and instead save it for the emergency fund (here are six suggestions on building one.) and it certainly takes motivation to keep being frugal once your wealth starts to build. Everything will become easier through time as conscious effort becomes more of a habit, but it requires commitment nonetheless.
Are you motivated to be financially free? If you aren’t, then increasing your desire to work at your dream needs to be one of your first priorities because all the time and effort you spend reading these articles is wasted otherwise.
Once you make the commitment, then try all of these 25 ways to reduce your debt and 15 ways to make more money. You may not succeed at all of them. But you won’t need to. By giving every possible solution a try, you will fail fast and succeed before you know it.