6 PRINCIPLES FOR DEBT-PROOF LIVING

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6 PRINCIPLES FOR DEBT-PROOF LIVING

YOU MUST NEVER KEEP IT ALL

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The first thing you must do when money flows into your life is give some of it away.

YOU MUST NEVER SPEND IT ALL

Always pay yourself before anyone else. Always.

THERE ARE ONLY FIVE THINGS YOU CAN DO WITH MONEY

Give it, save it, invest it, lend it, and spend it. Notice where spending comes in that lineup: last. Spending should never be the fist thing you do with your money.

PAY CASH

Paying cash requires making some lifestyle changes and sacrifices, but it will keep you from drowning in a sea of red ink on your journey to financial freedom.

NO DEBT NO MATTER WHAT

Unsecured debt is like cancer. At first it is not life-threatening because it involves only a cell or two. But it never stays tiny.

DEVELOP A STRATEGY

Without a plan for getting there, reaching your goal of financial freedom will remain a dream. A plan turns a dream into a goal.

READ ALSO: How Eating Fibre Can Promote Fantastic Health

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