Common Flaw: Want to earn but don’t know how; want to save but can’t control spending.
Most people can realistically achieve only what’s listed here: cut back on eating out and stay within your means; reduce the number of credit cards you hold and pay the full balance each month rather than the minimum, because compounding interest will eventually swallow you whole; escape unstable income situations by decisively leaving behind any job that doesn’t cover your expenses; prioritize managing your own finances before worrying about your family or pets; and no matter what you earn, keep up a consistent savings habit.
I picked up a trick for managing top-performing employees: give them a Cadillac, but finance it through the company. They only get the monthly payments covered if they consistently maintain leading performance.
Original: https://m.huxiu.com/article/1284605.html
