Stay Thrifty until you reach your goal

Most people don’t even know the meaning of delayed Gratification. They are always looking for ways and means to get their fixes which are only obtained through their purchase indulgence. Of course those silk coats that you saw will for sure look good on you, and that new BMW series will for sure separate you from the crowd. But the question to ask here should be, for how long?

It is estimated that 90% percent of young adults in America indulge in expensive spending habits. Living in the world of credit cards, nothing is impossible to be bought and instant gratification achieved. But most do not see as to how they would repay the money that they owe to the banks. With interest rate hovering at 20%, most would never be able to repay their loan in their life time.

This is not something that we are talking out of the blue, but a fact that can be checked and verified across the masses. Thus, people voluntarily put on the apron of shackles under the name of obtaining what they feel and think is an indispensable requirement.

US steel story

When US steel went bankrupt, scores landed on the streets overnight. Until that time no one ever even contemplated a situation like that. While on the contrary, America, was still the land of plenty and there were scores capitalizing on the opportunities that were existing. Yet for those who lost their jobs at the US steel, life became an iron furnace.

To most life at the US steel meant, life of comfort and enjoyment. Never ever did they see the inevitable coming. If only they had known what lays ahead, for sure, they would have suitably prepared themselves by adopting thrifty measures.

Life is uncertain, so prepare

Now, that is biggest mystery in life. No one knows what life has in store ahead, but for sure there is always one thing that is certain, and that is uncertainty. However, no one needs to suffer this ordeal, if they would order their ways by suitably categorizing on Needs and Wants.

It is imperative to mention here, when scores were returning to bed hungry, there were a select group of people who had used their savings to start small business ventures at elsewhere flourishing parts of the country. After all moving to brighter pastures is written in our DNA, but only those could move who had sufficient funds put up with them.

In other words, those who prepared were the ones who saw the unseen opportunity arising out of nowhere even amidst adversaries.

Conclusion

They say, “you only live once”, but the truth is, for ages the commercial sector had used this phrase to ensure that people engaged in sporadic spending habits. But the truth is far from what the phrase conveys. In reality, “you only die once”, and on the contrary, “you live everyday”. And how long you live would depend on the money you have. The greater your reserve, the greater the distance it would travel and the longer you will enjoy this beautiful planet called Earth.

Remember, the world abounds with fools and that includes even those around you. For anything that incites you to spend should be shunned like a plague. For then may cometh a day when your spending habits would have driven your Reserves empty and dry and when hunger and thirst smites you, then not even your best friend would offer you a dime, for she herself is fighting to stay afloat.

So let this be the take home moral. Your time is limited and use it wisely to save every dime that you earn. We are not telling you to eat one meal a day and save the money of the other two meals. All we are saying is, before you could swipe your card, just think a minute with this question, “am I killing my own future?”