Success and financial stability does not depend on how much a person earns but on how much he can keep.

Successful people are those who have the ability to save money. In this article we want to highlight some of the rules of Spending which will enable readers to attain financial stability.

Rule 1. Do not spend more than your income: Spending more than ones income leads to bankruptcy. Bankruptcy is a situation whereby one indebtedness is more than his assets. The major cause of this situation is spending more than your income. Perhaps you do not know what bankruptcy law says in this country. It is very bad to be bankrupt. Remember investments are made from saved income, so no savings no income.

Rule 2. Never spend in anticipation of income: It is not proper to spend money in anticipation of income. Many civil servants spend money on food, clothing and other wares with the expectation of making payment when salaries come. This situation is very dicey, especially these days that salaries do not come as expected. Always follow the rules of spending with what you have at hand unless when life is threatened. Remember the adage "cut your coat according to your size"

Rule 3. Always make a budget: A budget is a written plan showing expected income and expenditure. Wise people prepare budgets as a guide to expenditure. If you follow your budget, you may not spend what you have not earned and you will always be at peace.

Rule 4. Do spend money to impress others: A lot of people spend money to impress others. They splash money in ceremonies just to impress their viewers. This is a dangerous habit, we must always consider our income first before we engage in spending spree. Because if you don't have money, you will realize that the poor man does not really have a friend.

Rule 5. Don't be afraid to spend: What we have said so far may be misunderstood by some people as becoming stingy, stingy people hardly get rich. Modest people at least remain financially stable. If you are afraid to spend, you make money your master but if you spend carefully, your money remains your servant.

If you want to thrive, don't neglect these 5 rules of spending.

Nice one OP!

Ok
I'll start practicing these rules
Hopeful I'd become a billionaire soon
Thanks�

This seems plausible especially in the task of handling day to day financial encounters. Now I’m no expert, but then in the spirit of gracefulness, let me share one secret here that people ordinarily pay for.

What are some good investment advice I’ve learnt and I’m willing to share?

*Well, first thing to note is; Live below your means and invest the surplus well.
*Next thing is, don’t confuse volatility and risk. (I could explain further but I’m not here to bore you).
*Be diversified but not overly so.
‪*Also, to avoid panicking and making wrong decisions, don’t watch the news every time the market is going up or down — limit tactful decisions to your professional financial advisers.‬
*If you can, I’d strongly encourage that you avoid most types of debts. Especially consumer debt.
*Focus on your income, your spending and also investment habits equally, don’t pay particular attention to just one of them the most.
*Incase you’re an average DIY investor, do not stick pick. (You can google this one).
*Try to focus on tax-efficiency as well. your net worth is your net income — i.e expenditure and compounded investment returns.
*Lastly, small details can make big differences, remember that decisions compound over time.
Goodluck.

Op thanks, I was about to do number two.

Summary: Spend wisely!

Nice one, Op.



Anything that makes me happy and I can afford it, I go for it. Money without happiness is a waste!


Your happiness should come first!

I break rules. Sometimes I spend in anticipation, I spend to impress. But the rule that I don't break is living a lifestyle above my means, it always ends in premium tears..

We are the crew of Spend am another one will come

You must get into worship, I tell you the raw truth, it's the most important subject ever to be taught on earth.

Few people takes it very seriously, most actually do it when they are in the mood, but not as a traditional cultural heritage worship, attitude, character, action everywhere, no, it's far from them.

You have to have learnt to love to worship, your heart singing and making melodies in your heart to the LORD GOD ALMIGHTY IN CHRIST JESUS BY THE HOLY SPIRIT. Without ceasing!

It's not easy, at all at all...

Thanks for this write up, it makes sense

Very informative. That no 4 has put so many idiots into problem.

Nice piece �

B

If only my pocket will hear.

Avoid Women you are not married to.

Some of the saying are true and I am of the opinion that as we grow older, we get better with everything even our finances.

Number 5 is very key! Don't be stingy to yourself and those around you! Thanks @OP for sharing

Vipro:
Success and financial stability does not depend on how much a person earns but on how much he can keep.

Successful people are those who have the ability to save money. In this article we want to highlight some of the rules of Spending which will enable readers to attain financial stability.

Rule 1. Do not spend more than your income: Spending more than ones income leads to bankruptcy. Bankruptcy is a situation whereby one indebtedness is more than his assets. The major cause of this situation is spending more than your income. Perhaps you do not know what bankruptcy law says in this country. It is very bad to be bankrupt. Remember investments are made from saved income, so no savings no income.

Rule 2. Never spend in anticipation of income: It is not proper to spend money in anticipation of income. Many civil servants spend money on food, clothing and other wares with the expectation of making payment when salaries come. This situation is very dicey, especially these days that salaries do not come as expected. Always follow the rules of spending with what you have at hand unless when life is threatened. Remember the adage "cut your coat according to your size"

Rule 3. Always make a budget: A budget is a written plan showing expected income and expenditure. Wise people prepare budgets as a guide to expenditure. If you follow your budget, you may not spend what you have not earned and you will always be at peace.

Rule 4. Do spend money to impress others: A lot of people spend money to impress others. They splash money in ceremonies just to impress their viewers. This is a dangerous habit, we must always consider our income first before we engage in spending spree. Because if you don't have money, you will realize that the poor man does not really have a friend.

Rule 5. Don't be afraid to spend: What we have said so far may be misunderstood by some people as becoming stingy, stingy people hardly get rich. Modest people at least remain financially stable. If you are afraid to spend, you make money your master but if you spend carefully, your money remains your servant.

If you want to thrive, don't neglect these 5 rules of spending.

be credit worthy

if u don't know how to pay back money don't borrow

In addition, stop betting.

In addition don't buy what you don't need. Don't spend on liability such an expensive hair style, dress to kill...

From No 3 downward have finished many people in Africa

But Robert kiyosaki went bankrupt....what happened? صثققبننننمم

Rule 4: Do spend money or Don't spend money to impress others?

OP!! Pls correct the anomaly with immediate effect.