Those struggling to reach financial goals should look inward and assess why this is so. Often, it’s from failing to master the ability to delay short-term gratification for long-term rewards.
To avoid debt, spend less money than you earn. To save money, spend less money than you earn. To become an investor, spend less money than you earn.
Some will say that’s harsh and unrealistic, but in most cases that’s not true. Spending less money than you earn to build an emergency savings account will often help to avoid unplanned and unwanted situations such as the loss of a job or a medical issue.
Save more money than you make. It’s simply dollars in versus dollars out.