Lesson I Learned From Mother Of 2 Making $130,000/year And Her Question On Financial Freedom
…there was a single Mom of 2 children who asked why she lives pay check to paycheck, when she makes $130,000/yr US and that is more than what 90% of the US population makes in income…
…she listed her expenses, $2,000/mo for rent in a decent house, $2,000/mo in child expenses, $400/mo in food and so on…
…she asked the common question…why do Iive pay check to pay check?
…she felt that her house was the kind of house she deserved to live in and that her expenses were all valid for someone living a decent life in the US…
…so what is her solution?
…from her question I learned an interesting lesson…
…you see, most people ask this question, however, hers was different…
…it was different because she makes a lot of money…
…$130,000/year is a lot of money…
…and that was her point, and she was honestly wondering why she’s not getting ahead in her finances…
…she said that her house was what she felt she should be living and she thought maybe it was her kids that made it hard for her to get ahead…
…so what would you tell her?
…the biggest issue that she has is that is comparing herself with other people…
…no one else matters when it comes to your finances except you and your family…
…it doesn’t matter how much you make…
…you can become financially free when you look at your finances and make the right decisions…
…if you base your spending on what you think you should afford with your salary…
…or with what others are spending their money on…
…then you are letting others control your spending…
…and you are spending time comparing yourself to other people who are probably also living paycheck to paycheck…
…the key is to focus on your family’s freedom…
…that means, whatever house you think you deserve, you live in the one that you can afford…
…the key to getting ahead and becoming financially free, is to learn how to pay yourself first….
…and then that money that you save and invest ends up making you enough money to grow and become first self sufficient, then independent and then finally free to do anything you want at anytime…
…to do this requires what probably less than 1% of the population of the world ever does…
…you save money, invest it, and then live off of it…
…I created income for myself after a couple of years, and it grows every year…
…my husband created an income for himself that surpasses mine in less than a year when I taught him these principles…
…if this mother decided that she really wants to have more money, she needs to cut back on her expenses and save and invest…
…it’s really that simple…
…and her story reminded me that a lot of people live their lives comparing themselves to others, and thinking they have to be the same or better…
…in reality, there is just you…
…are you better?
…because it doesn’t matter if you make $130K or $30K or $1,300,000 per year…
…if you find a way to spend it all and don’t save and invest now, then you will have no passive income…
…and you will never be free…
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