Many years ago, Web Watch thought that we knew we had enough money if other people considered us to be “peculiar”.
As we got older, we determined that being “peculiar” wasn’t good enough — we knew that we had enough money if other people considered us to be “eccentric” instead.
The question that Web Watch still has to answer is how to we get enough money to even be thought of as “odd”, since we’re nowhere close to having “odd” enough money.
So here are SEVEN THINGS THAT MILLIONAIRES DO TO SAVE MONEY. These things are so simple and filled with common sense, you can apply these ideas immediately.
You may not end up having more money immediately, but if you stay true to these philosophies over time, you will amass enough money to be well on your way from “odd” to “eccentric”:
- Live within your means. Don’t run up your credit card. Spend less than you earn. Eat at home, brown-bag your lunch. Don’t shop at the major department stores, but go to the discount stores (or even browse Goodwill!). Pay yourself first, even if it’s just a change jar you keep by your desk.
If you’re having trouble saving, try to put $1 a day away into your change jar (or, some banks have an auto-transfer program where you can automatically transfer money from your checking account to your savings account. Start with that dollar-a-day, and by the end of the year, you’ll have saved $365 more than you would have if you hadn’t done this. If you can afford to save more each day, then do it. $5 a day means you’ll put away more than $1500 a year. Start the habit now, you’ll thank Web Watch later
- Work hard. Yeah, this should be a given, but not everybody does it. Web Watch knows people who have a well-paying regular full-time job…. but spend their nights and weekends working a 2nd (or even a 3rd) job. They work their butts off and use as much of their free time as they can earning additional money.
There are 168 hours in a 7-day week. Let’s break that down:
- 50 hours for sleeping
- 50 hours for working the full-time job
That still leaves you with 9 hours per day to do something to make more money. Even if you set aside 4 hours per day for family, meals, commutes, and personal time, you still have 5 hours per day that could be used to make some additional cash.
- The average American worker spends just 5.75 hours working each day
- 19 ways to save money, simply by changing your bad habits
- How to Use a Kitchen Knife (and keep your fingers)
- Who does the most unpaid work around the world? (hint: it ain’t the US)
- 20 Least Appropriate Tattoos for Girls
- How to use beads in jars to teach kids the value of working for allowance and saving money