If you decide that you want to start saving money, BEWARE! Saving money can be extremely dangerous. The reason: if you start saving money, you might start having money. And when you start having money, you might start spending money. If you only save money to buy nice things, then you’ll likely need more money for more nice things. It’s a vicious cycle! And it’s a reason why many don’t really have any savings. Here’s a secret: if you want to save a lot of money, pay off your mortgage early.
The other day I was talking to a friend who had just returned from vacation. Like me, my friend is self-employed, and anyone who is self-employed knows the importance of learning how to save money. Being self-employed can be a fantastic thing! If I want to take a day off, I can take a day off. If I want to take a week off, I can take a week off!