Monday, February 16, 2015

LBI—Living Below Your Income.




Sequel to our former post, we have been able to establish that LBI is the most appropriate. This is due to the fact that they live within a strict budget; they have a firm financially disciplined life style, they have an organized finances and build up savings by putting aside an amount consistently on a monthly or daily basis, also, they even have wise investment via making extra income on the side line, this is a sure way to being wealthy.
Wealth is built through a disciplined life, I must emphasize that this will not be an easy ride but with consistency, it will become a way of life. You must work with a balanced and tested budget as some budgets are not workable. Have in your budget funds allocated to charity and never spend beyond it in a month and in case you have to go beyond it (in extreme cases) you are having it as an advance from the next month’s quota for Charity (we will discuss budgeting soon). For so many people the major problem is learning to say ‘NO’ and this is key to Living Below your Income, most people I have discussed with say the same thing that is ‘They cannot turn people down’, and what I say is you must be able to say NO especially after exceeding the charity budget for the month.