The best time to start investing is 20 years ago. The second best time to start investing is today. Lots of us realize that we’ve lost some time that could have been spent investing, yielding a lot of future income and security.
Notice, I said “feeling” poor, not truly being poor. Although, even truly poor people would benefit from a budget. Lately, our friends and family members have been sharing financial information with us out of the blue.
However, I’ve known for a few years now that Los Angeles is just not a very affordable city for median income earners like myself. I’ve stayed because I have roots here and a good job, and it’s also what I know.
It’s not rocket science knowing that the key to being debt free is to spend less than you earn. But talking about it is much easier than doing it, which is why so many Americans are strapped with debt.
So how can one successfully pay off debt? With a lot of sweat and tears, apparently.