FINANCIAL DISCIPLINE

LESSON #8

FINANCIAL DISCIPLINE

Financial discipline is the ability to manage your finances wisely in order to avoid being in debts or lack savings. This discipline helps you sharpen your saving skills, learn how to invest productively and most importantly not to work for money but letting money work for you.

The rich man's `duty,' such as it is, is not to society but to his art, and his art is making money." Michael Lewis, The New York Times Sunday Magazine,

July 1995

·         Have a monthly budget.

·         Avoid impulse buying.

·         Improve your saving habits.

·         Never strain you pockets trying to be in a social class that you do not belong in.

·         Make friends or find a mentor that has financial discipline.

I insist read the book WHY RICH PEOPLE SAVE SO MUCH.

“Knowing is not enough; we must apply. Willing is not enough; we must do."

--Johann von Goethe