1.Buying what you don’t need I know we all like to dress and look nice, but at what price are you willing to pay? How many hair products, dresses, purses, and shoes do you really need? You swipe your credit card to order a dress online, you pay extra for shipping because the party is this weekend and you waited until Wednesday to finally decide which one you wanted. You’re not even sure this dress will fit, so you go to Macy’s swipe your credit card again just to have a back up dress. “If it doesn’t fit, I’ll just return” is probably what you tell yourself, but you end up keeping both dresses. Your credit card statement is due in a few days and you only have enough to pay the minimum balance because you wanted to feel special and pay for VIP service at the club. Your six friends that were supposed to show up, three of them bailed last minute and now you’re left scrambling trying to figure out a way to pay their portion of the bill. Your bank account is suffering, your credit card is being charged more interest with each swipe, and all you’ve got to show for your “good time” is a hang over and 78 likes on your instagram picture. This year will be different. You will redefine what luxury looks like. Luxury is having money in your bank account. Luxury is being able to pass on wealth to the next generation. Luxury is being able to not worry about money. Luxury is being able to sleep at night because all your bills are paid on time. Luxury is knowing you can afford those designer brands, but being happier with building your net worth and reaching your goals.
- Not creating a budget
- Thinking lack or not having enough
- Paying the min. balance on credit cards.
- Not keeping a just in case savings account
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