Money management matters waaaaay more than income. I have 2 brothers who never set foot in a college classroom and both of them have cars that are paid off, one owns a really amazing piece of real estate, they both always keep at least $5k in the bank and neither of them make more than $17 or $18 an hour. One lives in a really expensive house in a nice area in California. Meanwhile, I have 3 degrees (and all the debt to go with them) and I can't believe these guys are doing better than me. Here's their secret they told me:
*Stop spending on stuff you dont need. Ask yourself if you really need that thing you are buying before spending on it. *Change your habits to less expensive ones (eg: instead of drinks at a club every weekend, join a weekend hiking club or invite people over to yours for drinks instead.) *Rent a room in someone's mansion instead of stay in your own crummy apartment (one of my brothers is doing that now....his roommate always travels and is never there so he has a whole mansion to himself 3/4 of the year for $600 a month!) *Stop stacking any new debt. Pay in cash. *是简约。学会享受降低clutter and extra nonsense around you. It can help you feel less overwhelmed with life as a whole as well as save you money.
Yes, you could go to school for something that pays well and come out making way more money, but you could STILL overspend and feel broke (like I totally do right now). Gotta learn how to manage your money or it will never matter how much you make.
Guest ISTJ (not verified)says...
Money management matters waaaaay more than income. I have 2 brothers who never set foot in a college classroom and both of them have cars that are paid off, one owns a really amazing piece of real estate, they both always keep at least $5k in the bank and neither of them make more than $17 or $18 an hour. One lives in a really expensive house in a nice area in California. Meanwhile, I have 3 degrees (and all the debt to go with them) and I can't believe these guys are doing better than me. Here's their secret they told me:
*Stop spending on stuff you dont need. Ask yourself if you really need that thing you are buying before spending on it.
*Change your habits to less expensive ones (eg: instead of drinks at a club every weekend, join a weekend hiking club or invite people over to yours for drinks instead.)
*Rent a room in someone's mansion instead of stay in your own crummy apartment (one of my brothers is doing that now....his roommate always travels and is never there so he has a whole mansion to himself 3/4 of the year for $600 a month!)
*Stop stacking any new debt. Pay in cash.
*是简约。学会享受降低clutter and extra nonsense around you. It can help you feel less overwhelmed with life as a whole as well as save you money.
Yes, you could go to school for something that pays well and come out making way more money, but you could STILL overspend and feel broke (like I totally do right now). Gotta learn how to manage your money or it will never matter how much you make.