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Reply To: job transitions

Reply To: job transitions2014-02-14T15:35:17+00:00

The Forums Forums The Workplace Lost/Losing My Job job transitions Reply To: job transitions

#124223

shutterbug55
Participant
Post count: 430

@sdwa

I remember reading in your other posts you like to be told how to do things.

OK. Start small. Get a buddy to help you with the discipline and planning.

Figure up how much you spend on things you don’t need. Coffee and cigarettes are a good place to start, because not only do you not need them, they are unhealthy. Put that money in savings. Before you spend a dime on anything else, put it into savings. DO NOT spend it EVER. That is principal. NEVER spend principal.

Once you have a little set aside, like $1,000 or so, look for a safe investment. Once it starts earning money, you take some of that and reinvest it, and spend the rest. Before you know it, $1,000 becomes $2,000, which becomes $3,000, because you are making interest and still saving. Ass you go on, you might find other things you don’t need and you can pay your investments with that as well.

That is how I did it. It is all about living below your means and we can all do it. I have basic cable, garage sale furniture, a small TV, a VERY used car, a small home, good but inexpensive clothes. I pack my lunch to work, I eat dinner at home, I cook. I do not buy prepared meals. I was AMAZED at how much I could save!

By having the cash around because I never spent the principal I was ready for the next MS or Starbucks to come around. You will be able to do that as well.

I really wish they had Personal Messaging on this forum!

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