Buy now, pay later is the gimmick marketers use to get you. And who can blame them?
After all, they’re getting paid now. Did you ever stop to think about that?
They typically don’t finance you. They let a third-party do it.
So what if you became your own third-party?
What if you could turn this idea in your favor?
Instead of buying now and paying later, you paid now and bought later.
In other words, you do a 180 degree shift. You prepay for all your purchases.
What if you always had enough cash on hand to cover you for the next month? The next quarter? The next six months? The next year?
What if you had enough money so you knew you would never run out for the rest of your life?
Can you picture that? How does it feel?
Pretty darn good right? Can’t you just feel the stress rolling away?
So how do you do it? One month at a time!
Determine how much you spend in a month
You don’t have to track your expenses forever. But keep track for a month.
How much do you spend? This is your first goal.
Determine how much you can save
Start by figuring out your net disposable income. How much do you bring home after taxes, retirement and everything else?
Now subtract how much you spend. The net is how much you can save.
Create a milestone
How long will it take you to save an amount equal to what you spend?
That’s your first milestone. You have a definite amount to save. You have a time frame in which you plan to save it.
Now put all your thoughts and energy into doing it.
Then go for a second month.
And a third…
Continue this program until you reach the amount you really want on hand.
Keep in mind that financial experts generally recommend at least three to six months in emergency reserves.
It leads to peace of mind. And that’s BIGG success!
Image in this post from bizior