For the sake of this post, I’m going to ignore that there are hundreds of other factors that contribute to low income- inflation, wage stagnation, lack of jobs- the list goes on and on. This isn’t an article about that. Instead, I’m going to focus on what you CAN change, rather than what you can’t. It sounds a little touchy-feely, but a huge factor in financial success is your attitude. If you don’t like where you’re at, you take the steps to change it. Check out this post by GoGirl Finance at Levo.com for phrases that rich people never say:
-“I could never do that”(pay off large amount of debt, save 50% of income). You are already aspiring to give up.
-“I’ll just rely on my credit card if I have an emergency”- instead of saving an emergency fund.
-“YOLO”- it’s okay to have fun, but you always need to plan for the future.
– “I’m too young/scared to save for retirement/start investing”- the magic of compound interest favors the young!