So, what qualifies me to write a blog? Have I made a great deal of money? No, not the majority of my life.
Am I college educated? Yes, twice. But I went to the School of Hard Knocks to learn to manage money like everyone else has.
Have I inherited millions of dollars? No, absolutely not. Growing up in a middle-class family, we had everything we needed and most of what we wanted. My parents worked extremely hard, taught us a strong work ethic and they were frugal. They also taught us the importance of saving money and living debt free.
So, what qualifies me? I’ve saved a tremendous amount of money and invested what I have wisely.
Making Common Cents is a phrase and a blog that can teach you, too, to save lots of money. You don’t have to go hungry or do without things you need, but do you really need all the things you want?
A good test of this can be found in three easy questions:
- What do you want?
- What are you doing?
- Is what you’re doing getting you what you want?
I tell my son often that he doesn’t need a $3.00 energy drink every day because at the end of the year that would be $1,008, he would have for food, rent, or other basic needs.
If what you want is money, then what you need to be doing is not just making money – but saving money and then investing money to make more money. Two of the most beautiful words in the English language are compound interest. The more you save and invest, the more you make. A no-brainer!
So, I’ve made most of the money I have with a simple set of rules – make money, save money, invest money, and spend wisely based on my needs not wants.
