7 Money Rules

“Stop spending. Just stop. If it is not required to preserve life (examples: basic food, gasoline to get to work, medication, rent) do not buy a thing. Round up all of your plastic and put it away in a safe place that is not easily accessible.” Only spend on drinks and what Mum and Dad wants you to buy. Nothing else.
“Downsize your lifestyle. I would not be surprised to learn that you have cut your expenses to the bone, and that you can cut no further. I respect your efforts, but if you are unable to live on less than you earn, you have a lot more cutting to go. It’s called austerity, and that surpasses frugality. Austerity may require that you move to a cheaper neighborhood or move in with family. Sell your extra cars in favor of public transportation. I don’t know exactly what you need to do, but somewhere between the bare necessities of life and where you are now is a place where you are spending less than you earn” Spend on what is important. Bank the rest. Spend on tea, ginger beer, and ginger ale, as well as seltzer water. Nothing else.
Save money strategically and with purpose.
Do not rely on credit cards for emergencies. Rely on God and prayer and not spending any money to see you through. Let your income pile up and put $5.00 away each week.

Quote in Summary

‘Spend less than you earn. Bank the difference and build assets and not liabilities when dealing with spending.’ ( )