Hi,
I just read an article by a Hong Kong Billionaire Li Ka-Shing. After reading his article i realize that his concept can be utilized to achieve financial goals no matter where you live.
According to his ideology you should split your monthly income into 5 sets of funds.
To understand how he structured this you can read his article here: "Buy A Car and House in 5 years"
You can do the same thing you just need to write up your goals and identify what is you want to be able to have achieve financially within 5 year's time.
Here actions that you need to take:
- Split your monthly income into 5 if you can or better yet, split what is left for you after you took care of your bills.
- Assign funds accordingly (Friends, Knowledge, Holidays, Investing)
- Become frugal. You don't need to buy everything you like, you can get those later on once you achieve your goals.
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Watch your finances, Focus on your goals.
To your success,
Zoul