I dont know if this where the right place to post but here it is. This is most applicable for those minimum wage earner who struggles in life and wanted to invest too.
* DONT SPEND BEYOND WHAT YOU EARN.
This is particular to those credit card addicts where swipping it is their life. They spend most of their needs on cards, groceries, gadgets installment etc. They spend beyond their limits and usually paying excess charges because of this. They often didnt get through this swipe pay cycle because of their limited fund capacity.
* SAVE FIRST BEFORE SPENDING
I think this is the hardest part of the financial budget if you are earning just right for paying your monthly bill and daily necessities. But what will you have to do ? . You dont need that high portion of savings everytime. For example , you have $50 on your hand in excess of your expenses, budget it for a week in a very cheap way , groceries would be better, then save what is remained. Take aside your weekly starbucks and put it on your bank.You can take coffe at home or on a cheap way. Small amounts will get big in a time and you can start investing after. You can always reward yourself after if you start investing and earned passively.
* SET SOME GOALS
This is the most effective way ive done so far. Being comitted on your goal is almost 100% sure. If you are setting a goal for example this year where you have to save $5 weekly and you will save $260 in the end of the year, if you always looking for the outcome, im sure you will do this without leaping or maybe advance save it up.
All three of this is what i do everytime ans it helps me save and gain some capitals for investment on cryptocurrency. I hope these three would help someone even on a little way.
This is really a cool idea of the development of own economical growth where we can make ourself a successful person in our community without follow the hard rules and we just need to change our descion to spend our money for particular things only .
* DONT SPEND BEYOND WHAT YOU EARN.
Absolutely it is a best way to remain in the limit , because here if you will remain in limit then surely you will have no tension for the extra money that you needed to spend for extra expensive things
* SAVE FIRST BEFORE SPENDING
If you will control over the amount of the money that you have to spend then surely in the future we will get a best opportunity to out money in better thing and that will give really a better return of the investment , so don't release your money anywhere directly without see that for which thing you are spending
* SET SOME GOALS
Here surely we should remain with the goal but here a mendetory thing that we should have in our mind is that we should split our Goals into different steps and result into Daily target .
And in that way it will be much easy for us to achieve the goal .