Thursday, April 12, 2012

AbConcepts’s Thoughts About Personal Finances.

September 27, 2011

Physical intelligence does not happen when you have money, it determines if you do. Usually when people have more money they seem to spend more too. The more you know about money the easier it will be to handle and organize your money properly. Studies show that a typical millionaire lives on 7% of their wealth. 80% of millionaires have not bought a car worth $35,000! The average household income (so in other words combined income of two people) is $31,000/year and recent reports have shown that the average American debt is over 10K!! Crazy right? Seems like the name of the game is saving money. The better you grasp the concept of delayed gratification, the better you will be with your money. Life is like a cafeteria not a restaurant. You have to pay for things before you enjoy them.

The financial decisions you make now will affect you later on in life. Financial freedom is created not handed out. You have to ask yourself how str