how do i go from zero to hero financially?

Question

I have the crappiest time trying to get myself on my feet financially. I get a job things go well then something or other happens and I lose control of maoney, then im deep in a hole, any advice on stabilizing my life on a megre wage income?

Answer 1

Pay yourself first.

Meanings: Set a goal that whatever you make, however big or small, you put a fixed percentage (15 per cent is good) aside out of every paycheck into a bank account. Discipline yourself to two things: live on the remainder; pay cash only till you clear up your debt (if you don't add debt, you can pay off your debt from what you save till you are debt free). Be tough with yourself to do so. If you have huge debts, get debt counseling from a free social agency set up for that reason and get legitimate advice (not financial con-men's advice that adds to debt in concealed ways) for lower interest, fixed payment, debt consolidation to pay off debt from savings over a period of time.

Whenever you are debt free (however long it takes, and even if it requires working at a second job that is grungy to get enough together to do this) continue being tough with yourself, but get legitimate help (similar source) for applying your savings plan to wealth building. Learn basic techniques for maximizing your net (you have to have a net income first, that is, income more than debt that is saved and available for investment — I'm assuming that debt clearance is part of the picture you're not talkiing about, because you are writing in the way that the pain of debt causes people to talk). Once you have been able to learn to dig yourself out of debt, then you will have gained sufficient power over money so that you can learn one or many of the techniques for making it financially without going to jail.

Answer 2

I struggled with the same problem before I realized the only answer was more education and a higher paying job. You can't get blood from a stone. A lot of people live paycheck to paycheck and/or are in debt. I don't see a good way to overcome that without making yourself more valuable and collecting higher wages.
People have a real "need" for novelty. Man cannot live on bread alone.

Answer 3

Go to Amazon.com and order a book called "Secrets of the Millionaire Mind" by T Harv Eker. He explains exactly why this happens to people and how to change it.
I think this book would be the most valuable investment you could ever make!
He also tells you how to increase your net worth and some possible vehicles to help you do that. The beauty of it is, that it's not complicated, it's all in your thinking and how to change it!
I know of a few other good books if this appeals to you.

Answer 4

1st and foremost, dont use phrases like, zero to hero.
2nd live below ur means and save. that means sacrifice, no dinners out, no drinks out, no movies, no movie channels, no wutever u spend money on. its up to u. if u really want to make a difference then u cant blame anyone. just take control. go to ur bank, they give free financial advice. save 10% of all ur paychecks. start an ira, ect. dont feel sorry for yourself, be proactive.

Answer 5

Either control your spending or Add as much zeros as u like with the present one and put a one at the beginning.