As I’ve mentioned elsewhere, your thoughts become you deeds. Thus, if you control your thoughts, you end up controlling your deeds. That’s called self-control and it’s essential if you want to reduce your spending and thus be able to increase your saving. One way to control your thoughts is by listening, reading, and watching media on the subject of personal finance. You can find podcasts and radio shows, books, and (of course) videos. Here’s an example.
Maybe not everything mentioned in this video is applicable to your situation. Okay. So find another video. You know how to work the internet, don’t you? Next time you’re running errands, go to the local library or thrift shop and look for books about personal finance, saving money, and investing.
As you get lots of personal finance advice from a variety of sources, some of what you’ll hear or read might be not only not applicable to your situation … and some of it might also be downright incorrect or untrue. But that’s okay. It’s okay to just absorb the inspiration. Seeing people talking about achieving their personal finance goals will help put you in the right frame of mind, even if what they’re doing isn’t right for you. If something isn’t right, remember that free advice is sometimes worth what you pay for it. — Which brings up an important point: you shouldn’t be paying for advice (other than the normal cost of a book), unless it comes from financial advisers who are willing to say, and also sign a document that says, that they are committed to adhering to the Fiduciary Standard, which means they will put your needs ahead of theirs. If anyone won’t do this, the chances are very high that they are primarily interested in selling something, probably something that pays them a commission.
Remember: You’re not looking for actual factual content and genuine advice. It’s the inspiration that comes from seeing and hearing others talk about doing what you want to do. Just knowing that other people have done it shows you that you can do it too. That’s one reason why The Richest Man in Babylon is still one of the best books about personal finance, despite the fact that it’s almost 100 years old. So get inspired and save money!
