Step 1: Income
Whether you work for others or yoself, it’s a good idea to have some income comin’ in. Of course the goal for most of us is to work for ourselves until our money works for us, but sometimes that starts with working for someone else. There are ways to work for yourself right off the bat without ever getting a job and make enough money soon enough to pay all of your expenses if you currently live paycheck to paycheck, though.
Step 2: Get rid of all expenses you can live without
I know you love cable, but everything you can get on cable, you can get on the internet nowdays, and it’s extremely cheaper to get a streaming device/internet, netflix, hulu, etc., and yo mamma login info for her cable subscription. Just look at all your expenses and answer yourself truly after asking; “how can I reduce my expenses without downgrading my quality of life?”. Do some research, be smart, and go all in. When you pay 77 a month to watch anything you want, as opposed to the average $120 something, and you pay nothing for your cars as opposed to the average $300 something, you make a huge difference in your financial situation if you save and invest well.
Step 3: Subtract expenses from income and save the difference
It’s likely you heard the phrase “pay yourself first.” Income minus expenses = money saved that will be used to make more money. The lower your expenses, the better off you’ll be, obviously. How bad do you want financial freedom, though? Start that garden so you wont have to buy produce. Get rid of cable, buy a toyota or honda for cheap after having it inspected, to kill your car payment. You can buy that jaguar without financing when your money makes what it costs. Or you can keep working 3 jobs and keep leasing it. (don’t do that lol)