The Amazingly Simple Art of Saving Money in Sobriety
A few weeks into my sobriety journey, I noticed I was starting to save money and a lot more than I expected.
A few weeks into my sobriety journey, I noticed I was starting to save money and a lot more than I expected.
Purveyors of Ponzi Schemes and other scams rely on FOMO to reel in the constant flow of new investors. These new investors don’t want to miss out. We see FOMO manifest in markets of all kinds. From stocks to commodities to real estate, misled investors chase illusory gains.
While you can’t buy more time, you can rent, lease, or give less of it away. The less you surrender, the more you have to enjoy. It’s kinda like that old fable about the ant and the grasshopper. If you are facing a winter of debt, you may want to start acting more like the ant. While it’s sexier to live like the grasshopper in summer, the ant has it made in the shade the minute the weather turns.
According to the National Endowment for Financial Education, 70% of lottery winners or people who receive large windfalls end up broke in a few short years. This generally takes less than five years on average. 30% will declare bankruptcy aka – go broke.
In some cases, receiving a windfall can be life changing, but before you rush out and buy your new dream house or Ferrari, there are a few simple, yet powerful, steps you can take that can ensure you make the right financial decisions. Afterall, you don’t want to end up as another Rags to Riches to Rags statistic.
“There is neither heaven nor earth,
Only snow,
Falling incessantly”
-Hashin
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Created with in California, USA.