Wednesday, January 26, 2011

How to stop unnecessary spending

Who are the world billionaires? Then we will mention the likes of Bill Gates, Carlos Slim Helu, Warren Buffet among others. Good enough, these men has effectively affect present generation with their vast wealth. But what are the lessons we need to learn from their way of lives?

Firstly, I will advise we emulate and cultivate good management skills thus that will help us to effectively follow up our plans according to our aspiration. Then let us avoid unnecessary spending and imbibe simple but meaningful life style. Follow the highlighted tips to keep life simple:

i. Keep your home simple;

ii. Use self-powered or public transportation;

iii. Buy your clothes off the rack;

iv. Keep your scissors sharp, no special salon;

v. Drive a regular car; and

vi. Skip luxury items.

The main lesson from some of this billionaires is their frugal tendencies. Perhaps, the thrifty nature help them to save some money.Therefore, no matter what your total income bracket, avoid frivolous spending but spend with caution
on inevitable things.
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Olufemi
Nigeria

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