Simplify your lifestyle
When a trading company is at risk of being liquidated there are two things they focus on: cost savings and generating income. In other words simplifying the cost structure.
In personal finance terms this means simplifying your lifestyle. Sure, everybody would love to have the best gadgets and toys around but many people have these things at the expense acquiring extra debt which they have to pay off over years. What is the point of doing this? Usually media/peer pressure or image/reputation.
To begin to live financially free, take a look at your current expenses and see which items you currently pay for or have a loan against, such as a sports car or mobile phone contract. Ask yourself: do you really need these items? What would happen if you didn’t have these items. Start to think along these lines, and by simplifying, it will be much … Read the rest