HOW TO BE FINANCIALLY BROKE IN LESS THAN A YEAR GUARANTEED
I was having a late dinner with my friends in church when the issue of money and spending came up the table. I have seen for the past year a lot of people going through a financial crisis. Most of them don’t know how it happened. It just did.
So how did it happen?
ONE PESO AT A TIME.
If your income (money in) is lower than your expense (money out) = financial trouble.
ex: You earn P25,000 a month. That’s your money in. Then you spend P28,000 monthly. That means you have P3000 liability every month.
P3000 x 12 months = P36,000.
If these goes on for 3 years
P36,000 x 3 years = P108,000 not counting the interest that you incur with the debts you made.
1. Downgrade your lifestyle. Cut cost in some of your expenses.
2. Earn More.
MONEY IN MUST ALWAYS BE
BIGGER THAN MONEY OUT.