Need over wants

needs:
are the basic things we need..
like food, clothing, transportation.

wants:
gadgets, expensive cellphones, foods in a expensive resto, buying very huge house, etc.

There is a principle that I learned from the book 'Wealth'
it is said there that we should follow the Pareto principle or 80/20 principle.
From your income, the 80% will be used to satisfy our needs
and 20% will be our savings for our retirement.

Why did I say this? Because I am tired of buying things that I don't need, I have many stuffs in my room. I felt like, I wasted my money through those stuffs.
Instead of putting my money in a bank for an investment.

I'll update you guys about that book, on how to save our money right!

 

Ok, thanks.

You're swell.

 

Make a nice blogspot blog writing about methods u use to save money

 

Wouw that's some deep thinking or it sounds like that

 

If you don't want to buy things that you don't need- minimize the use of your credit card or just stop using it if you can!

 

i use "need" for living but use "want" for motivating.

 

it seems that u r pretty much motivated and thanx for motivating others !!!!