Resuscitate Your Payslip
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I remembered last year, I'm having an intimate conversation with an immigration consulate to Canada, and then she told me one fact that has haunted my young mind forever.

“The poverty line today is at 35, 000 pesos. When your monthly income falls below that line, you're already considered poor.”

It has been the most alarming reality I’ve heard, however that was the mouth of reality having a bite at me. The point that I have been doing work for the last six years finally hit home; that I am still undeniably poor as my monthly income did fall below that line. Simply looking at the mound of payslips I've collected from those years of working, I started to wonder where my money went, and I got furious I have wasted so much of it for absolute junk.

There exists just too much gunk in life which we have to clean; unnecessary whims and impulse purchases that never bring security for that desired financial stability. We're able to start redirecting ourselves and incorporate financial planning with our future goals. By simply following the information created by various financial advisers, you can simplify their insights into three initial pointers that will jumpstart our way to an endless financial pool.

- Aim for a Debt-Free Life. Right this moment, commit to clear your financial obligations and to keep away from temptations that can degrade your credit score. Write this on a piece of paper when necessary, and maintain this as your mantra. These are the traps that we young professional’s usually traipsed into, and just in case you have cleared any outstanding balances pending within your name can you then have mobility with all your money.

- Always stick to your budget. Bring commitment to your ambition of financial freedom by prioritizing exactly the things that is essential and practical. That expensive cute scarf you saw in the mall? Forget it. When it's out of your budget, forget about it. Just a little sacrifice and tough willpower will probably be your stronghold, and by staying firm in saying “No,” you will develop a massive difference between what you want along with what you need.

- Increase your income. You heard me right. Get another job which has a higher pay, and also a part-time job other than your full-time gig. At this moment, if you are still young, make use of your youth well. Don’t let a lazy attitude ruin your life. Remember, if you invest young, you have additional time to grow.

What those financial gurus’ kept on saying was absolutely the truth, that the root of all evil is not money but poverty. As a yuppie living alone for about a decade, I've learned one valuable lesson: You are never too young to gain financial freedom and you are never too late to start.

This is just what we always remind to everybody as well as our members of Truly Rich Club:

“Do not blame other people for your financial problem. Take full responsibility of your financial life, thereby giving you the power to solve them.”

Please visit: Resuscitate Your Payslip


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