ByMariaLopez Weekly Financial Tips:
Will you buy a $1,000 iPhone? Today, giant Apple releases its 3 latest models of iPhones at about $1,000 each. Samsung will also be releasing its new smartphone as well !
I don’t know about you! What would this new phone do to create more leads for my business? What would this new smart phone do to convert more leads into clients? How does it improve the efficiency in my business?
How would it assist you in obtaining a new promotion in your career? How would it help you save for retirement? How would it help you in creating an 8 months emergency fund?
It all goes back to Deferred Gratification!
The Millionaire Next Door is a great book that provides insight into how others have been able to implement the daily habits that lead to the creation of financial stability and Wealth, if that is something we would like to create!
If we have the funds to purchase this new smartphone; by all means: Let’s Enjoy it! It’s a new toy; it’s the latest technology! But, I invite us to consider other ways of utilizing those funds in an investment plan that will create additional sources of income for us and for our family, as opposed to charging a credit card for $1,000 that one may not be able to pay the balance within 30 days!
Stay credit card ? safe! Start today to create those daily habits that put us in the green and not in the red!
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