TIP OF THE DAY:
Pay Yourself Before Paying A Bill.
I often ask people what is the first thing they do with their money once they get paid. The most common response is, "I Pay My Bills."
Many of us always put everyone before ourselves which isn't the best thing to do. We are taxed when we earn, meaning taxes are withdrawn from our checks for our hard labor and we are taxed when we spend our money including the bills we pay.
You should work on paying yourself first which gives the power to you and not the bill collectors. Every earning you receive take a portion of it and pay you first (Save/Invest), then pay your bills, purchase your necessities and buy what you want after.
In the case that you can't cover your expenses such as bills, just put what you can on them or find out ways to generate money without touching the money you paid yourself with. That way you don't be flat broke before the next pay period and you will still be in control, not your bill collectors. Overcome your fear of bill collectors by being in control of your money.
If you are having a hard time paying cable, internet and phone etc., cut them until you can afford them without hassle. Invest that extra money into you.
Don't worry about the hassling phone calls from bill collectors either because they will only call. Tell them you only have it in cash and that they can come pick it up lol
Credit? I've done everything people said I needed credit to do without credit. If you are going to spend your life borrowing other people's money, make sure you are given enough to get you on the road to financial freedom. Until then don't except it.
- Jameel Davis
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