GET RICH, LIVE POOR: WHY YOU SHOULD SPEND CONSIDERABLY LESS THAN YOU MAKE

Person Holding Debit Card

“Why go broke when you don’t have to?”


why we spend

We all love to shop til we drop. But when it comes to having money and retaining the money, we all have a hard time doing so. And that’s why I chose to discuss the idea of all of us spending less than we actually have in the bank. And the reason for this is that you don’t want to live beyond your means. As a matter of fact, you don’t want to buy anything toward the top of your budget. When you purchase something it should always be in context of the percentage of something you brought home. So if you make $40,000 per year, your car should be 7-10% of what you make in a year. But try explaining to someone that they should spend $2,800 to $4,000 on a car.

rainy day, better yet a hail storm

We have heard the phrase when it rains it pours. And that is this notion that when something bad happens it all falls down by the waist side. Sometimes the waist side is still too high for how bad things can get in life. So you want to have enough money saved up just in case something bad does happen. Never know what may transpire, so you want to give yourself some wiggle room. If you are living above what you make, then you will find yourself in a world of trouble if that time comes. And I don’t care if you make $75,000, live like you only make $30,000 to $40,000. You will be shocked by how much you save.

get out of your head

Remember I said prior that you want to spend less than what you make. People hear that they are about to make $100,000 in a year and go out and get a new car. Then they try to buy a condo, and vacation, and shop, and this and that. But what they should really be thinking is how can I save the most for when I need it. Doesn’t hurt to enjoy, but what you have to be thinking is long term. Especially if you are someone with children to support. You have to think about their futures in addition to your own. So spend wisely and cross the next few bridges even if they are there just in case something comes up.


Personal Website: http://www.faheemjackson.squarespace.com

Instagram Me: @theefaheemjackson

Twitter Me: @2320howe

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Author: faheemjackson44

I am from Racine, Wisconsin where I was raised until I graduated high school back in the year 2006. That entire time growing up in my mother's house, I was a student athlete. My goal was to embark on a general business career or athletics. But injuries through sports stopped a sports path, so I decided upon business with a focus in marketing. While attending undergraduate school at University of Wisconsin-Parkside, I began to write screenplays in my senior year. At first it was for fun, but I quickly learned writing allow me to transfer negative energy into characters I created. This led to a decrease in depressing mood swings, which in turn boosted my quality of life. After undergraduate school in May of 2011, I move to New York City for graduate school. While pursuing my MBA, I continued to write screenplays, but always wanted to write novels as well. I finished graduate school back in the year 2014, but wrote screenplays until I began thinking of my first short film, first First Day Fears. While finishing my fifth feature length screenplay, I started to write my first novel this year. So far, I have finished my first short film and working on my next one (Freedomless Speech), and recently self published my first novel (The Boy Who Could Talk To God) and short stories book (Faheem Jackson Short Story Collection Volume 1). My feature length screenplays have been put on temporary hold to finish my short films and books, but I am making good progress on my sixth feature length screenplay. With year 2017 ending, I am currently writing my novel Precinct 86 and Faheem Jackson Short Story Collection Vol. 2. I have started teaching myself photography and will pursuing that by summer of 2018, along with my videography, podcast later on, and more research for my documentary.

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