6 Steps To Be Less Broke
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Summary
- If you have less than $100,000 in savings, focus on reducing expenses immediately. Start by only buying discount groceries and stop eating out to save more money.
- Stop purchasing new clothes and shop exclusively at thrift stores like Goodwill to cut down on unnecessary spending.
- Only attend free social events. If friends do not support your financial goals, reconsider their role in your life.
- Use your extra time wisely. Apply for higher-paying jobs, pick up side hustles, or learn new skills that can increase your hourly earnings.
- When you start a new job, identify the hardest worker and then aim to double their level of effort and productivity.
- After implementing these steps, practice patience and wait 36 months. Use this time to stick to your new habits and watch your financial situation improve.
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How To Take Action
I would suggest implementing a few key strategies to boost your financial health and personal growth. First, focus on cutting unnecessary expenses. Buy discount groceries and stop dining out to save money. For clothing, stick to thrift stores like Goodwill. This helps you keep more money in your savings.
A smart way to approach social activities is by attending only free events. If your friends don't support your financial goals, it might be time to rethink those relationships. You want people who support your journey.
Use your extra time wisely. Apply for jobs that offer higher pay, pick up side hustles, or learn new skills that can increase your earnings. This could be online courses or workshops that don't cost much but offer high returns.
When starting a new job, look for the hardest worker. Aim to double their effort and productivity. This builds a strong work ethic and can lead to better opportunities.
Finally, practice patience. Stick to these habits for 36 months. This isn't just about cutting costs; it's about building a foundation for your future. By consistently implementing these strategies, you'll see a significant improvement in your financial situation over time.
