Quote from: Ben Barubal on June 05, 2024, 07:35:59 AM

1. Don't buy expensive things right away.

Most of us want to buy expensive things when we receive a lot of money. Because aside from the convenience and the fact that the fact that we can benefit from it for a long time, we also want to get the attention of other people. We also cannot deny when we can afford something that an ordinary person cannot afford. But sometimes, because we can afford something, we just end up spending it, and we forget to ask ourselves if we really need it. Or we just want to buy it because we want to impress other people. And due to a lack of spending awareness, we become impulse buyers. Until this habit becomes our second nature or the worst, we base our spending on what we want other people to see in us.

But the question is, what is our goal? to get rich to impress, or to get rich to have freedom? When you have a lot of money, you have nothing to prove to other people. Since you know that you are rich, it is a better idea not to let other people know that you are rich. One should just choose the simple life and live with a purpose.

This is true. Nowadays, many wealthy people don't buy things because they need them; many of them buy expensive things just to show that they also acquire them. and after letting people know that they have it, they will abandon such things. Although when you are rich, you would like to get what other people are getting who are also reaching like you, but I think this kind of competition should be applicable to wealthy people, not someone who just started earning a large amount of money, because most of us are buying something as if our eyes are close.

Sometimes when we have plenty of money with us, many of us don't really know what we need and what we want; we just buy things, both the ones that are important to our lives at the moment and both the ones that are not, which is bad.

Quote from: Ben Barubal on June 05, 2024, 07:35:59 AM

2.Pay your Debt

Having debt or bad debt is why most of us continue to suffer because it's like a weed that, if you don't cut the root, will grow again. And the debt, when you don't pay it, has interest compounding. So, your number one expense is to pay off the debt when it earns a lot of money. Be responsible not to ignore the people we owe money to talk to them, say thank you, and pay all the debt.

We should also know that our reputation also depends on it, and when we know how to pay, many people will trust you. And when you know how to pay off debt, you also show that we are not only thinking about ourselves.

To be sincere with you, debt is just like demotion. It is as if you are going forward, but something is dragging you back. When you are owing money, you will not be able to plan another thing that will benefit your life until you clear such debt, and you will be like some one who is not even getting the money at all. Although I know that some conditions require you to collect debt, sometimes it is not really to set some financial problems that come your way, but the real thing is to pay it back.