Odd Ways to Improve Your Finances
Being broke sucks â€“ big time! Most of us – at least in the United States – are broke. Now the word â€śbrokeâ€ť means that youâ€™re finding it difficult to make ends meet, despite not having any frivolous spending or minimizing your living expenses.
Instead Iâ€™m talking about a way to stabilize your finances in a way you never even thought about.
So here Iâ€™ll be discussing some ways to improve your finances, If youâ€™re ready then letâ€™s dive right into it.
- Playing Casinos: Now you might be wondering why playing casino is the first choice here.
Well itâ€™s because, playing casinos can teach you a lot about mathematics finance.
Youâ€™ll be able to apply your casino knowledge unto your finances. Youâ€™ll understand why:
Your casino starting capital is your principal (P).
Your casino ROI is your interest (I).
The total amount of money you make from playing casinos is your Accumulated Amount (A)
The interest rate a casino house will use in calculating your winnings is your Rate (R).
So you see, the more you play casinos, the more knowledgeable youâ€™ll become financially.
Youâ€™ll learn from casino that finance improvement is a game youâ€™ve to master, just like the way you need to have a good strategy in place to win your bets.
- Stay Away From Shinning Objects: Youâ€™ve seen them all over Instagram, Snapchat and Facebook.
The marketers selling these shinning objects are trying to lure you into buying them through clever marketing techniques like video demonstrations, huge discounts, Fear of missing out and so onâ€¦
The $5, $10 or $20 you waste in order to buy insignificant useless things will eventually add-up. And then when you add things like dividends, interest and compounding growth to the equation, youâ€™ll realize youâ€™re spending more than you actually should.
- Adopt Good Habits: If you want to learn how to improve your finances, you should be able to adopt good habits. By good habits, I donâ€™t just mean saving a percentage of your income.
Instead, I mean using a 0% credit score to lower your credit cards, writing down your investment policy, and making use of various investment aggregation tools.
Broke people live from pay-cheque to pay-cheque, with little or no savings. They drive to work every morning and work their asses at a job, and they donâ€™t feel worthy to ask their boss for a raise.
So at the end of the month they are left with little or no money to pay for mortgage, buy food or send their kids to a high-quality college.
Therefore we need to make money, In order for us to become comfortable in life. Now I am not saying you should just ask your boss to increase your hourly rates from $20/hr – $21/hr ~ which wouldnâ€™t make any impact on your income.
In conclusion, you need to get financially educated by reading by Reading books from Warren Buffet, Tony Robbins and Peter Lynch.