From the author: Questions from my subscribers and readers pour in, literally, as if from a Cornucopia. Often the questions are accompanied by screams (of horror) and an eloquent description of the unsightly picture of life that people are forced to lead, deeply and firmly stuck in financial problems. Moreover, the level of income does NOT play any role - both those who earn little and those who earn a lot complain about life. I would also like to highlight some of my subscribers who ask calmer questions, such as “where to invest the available money? How to protect your savings from inflation? what financial instruments are best to use.” To fully immerse yourself in the essence of the problem, I will give reports from the participants in my training who independently tried to find the root cause of their financial problems. To do this, they did a simple homework “Ask yourself the question “WHY Am I having this problem? what was the root cause of its occurrence” 1) Why do expenses exceed income and there is not enough money? Because my salary is small (12,800) Because I pay alimony, and for the rest I pay a mortgage, a loan, interest on a credit card Because I have a lot of debts and I don’t know how to get out of them Because I squandered what I had Didn’t appreciate what I had Because I have insignificant sources income Because an employee of the Ministry of Emergency Situations cannot engage in entrepreneurial activity (unless legally) Because I can’t do much to earn as much as is needed for prosperity Because my earnings are the only means of subsistence (you can’t call it “life”) 2) Not knowing how to increase money flow: Because no one ever taught this Work, work, work everything I can Invest in dubious projects (partial loss of funds) Not enough money for training Attachment to official work (no freedom of action) I will give only one Recommendation - “Stop digging! Stop aggravating your existing problems with money.” To do this: 1) Identify the “root of evil” Determine what exactly causes you the maximum financial damage. Based on the results of such self-diagnosis, it becomes obvious that there is a whole “bouquet” of problems: high loan payments, low income, lack of time for additional income, high expenses, etc. 2) Make unpopular decisions I’m sure you will NOT like these lines very much : sell what you took out a loan for (this will relieve you of the debt load); quit your job (why work there if the salary is low and there is no free time left for part-time work?); live within your means (remove everything what is over-consumption, which does NOT correspond to your income level); strictly plan the time that you will devote to part-time work (your task is to learn how to earn money in addition to your main source of income) 3) Shift method Your complete financial transformation will take considerable time. We are talking about years rather than months. Understand - you have no other way. It will be difficult, painful and scary for you. To avoid giving up prematurely, alternate the stage of tension and the stage of rest. Schedule some time and money to regularly de-stress from overhauling your financial life PS HERE I've collected must-read books on personal finance and investing