i decided to start getting a little more reading done over the past few weeks. i decided that if i'm going to slow down my efforts on the lockdown the least i could do is continue to educate myself on different philosophies and schools of thought so that when i jump back on this 'no debt' train i can have even more weapons in my arsenal.

i read '5 lessons a millionaire taught me' by richard evans. a quick, easy book with some good points for, not only money, but life in general.

here they are:
1. decide to be wealthy
2. take responsibility for your money
3. keep a portion of everything you earn
4. win in the margins
5. give back

'deciding to be wealthy' is just like anything-when you decide to do something it makes it much easier to do it. having a goal and striving for that goal is not only more fun, but more attainable. so no matter what you choose to decide, make it good!

'taking responsibility for your money' was a big one for me when i started the lockdown. this means know how much you have, know where it comes from, where it's going and what it's doing. having a firm grasp on your budget (or even having a budget to begin with) is half the battle. so many people say 'i just don't know where my money went.' honestly, there is no excuse for that. if you can earn money, you should have a basic understanding of money. balance your checkbook, make a realistic budget, stick to that budget, understand your accounts, the terms and conditions, the interest rates, etc. not having a decent understanding of your money (regardless of your financial goals-or lack there of) is really irresponsible, and no ones fault but your own.

'keep a portion of everything you earn' is not a new concept. it's easy. save a little, even if it's $50/month. the power of compounding interest is a beautiful thing and it is never too early to start saving for your future.

'win in the margins' is about being frugal. open the windows and turn off the A/C, ride a bike to work, buy generic groceries, etc. consider each expense, remember that financial freedom is much better than that $6.00 latte, and spending doesn't equal happiness. whatever you need to do to reach your financial goals, do it.

'give back' to others. bbe has always told me 'i believe that for every good thing you do it comes back to you ten fold.' i think she's right. i donate to kiva, adopt a family around the holiday, and donate blood every 8 weeks. if you don't have money to donate, give your time, if you don't have time, give your blood, if you can't donate blood....then i don't know what to tell ya. :)

if you want to check this book out i suggest popping over to the library, or getting it here.

wouldn't it be rad if we all became millionaires???!
xoxo ashleycolean

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