I know that it sounds a bit strange to think about buying things in order to achieve wealth, however, it does not mean that if you do not make these purchases then you will not achieve it, but without a doubt it is good to take them into account as they can help you along the way.
Without further ado, let’s see what they are.
# 1 A Good Car
We all need to move from one place to the other, to mobilize, regardless of whether we work at home.
Despite the fact that a car is an expense, a liability and generates money outflows, not money inflows, when making accounts of our needs it can be much more economical and efficient to buy a good own car, than to pay for public transport every time. we need.
However, there are situations in which a person buys a car that turns into a black hole of money, it swallows all their income and they keep it at the mechanic, they have to be doing maintenance all the time, change a spare part and it becomes your biggest money outlet.
But likewise, there are other people who buy a second-hand car in perfect condition, after 8 or 10 years they can sell it without having had a hit or such a strong depreciation blow and, at that time, the car was reliable, not He had to repair it, just do the basic maintenance that we know about.
But this probably saved a lot of money, from not having to spend on the most luxurious car, the most expensive, the latest model or paying for taxis and public transport.
So, it is seeking to meet this need that we still have, but in a financially intelligent way . Not for pretending, because at the end of appearances only expenses and wasted money remain.
# 2 High Quality Products, Not Necessarily Branded
In other words, something that I buy once and do not have to be changing because it is damaged, because it is old and no longer works, because it went out of style or something like that.
Personally, I am not ashamed to say that I have had clothes for five years and it is still perfectly fine, like the first day.
We are talking about shirts that cost no more than $ 10 or $ 15, I bought them once and continue to use them, frequently.
So obviously in regards to this and as all extremes are always bad, there are limits and depending on my income level I could give myself certain tastes, but there are people who buy cheap, cheap is expensive .
A good example of this, which applies in my case, is buying a good coffee maker.
There are people spending amounts of money per month to buy coffee at Starbucks every day, when they can have the same product and the same quality in their homes at less cost.
# 3 Education
This is perhaps the most important of all, since without education it will be very difficult to create real wealth.
However, it doesn’t have to be super expensive.
We are not talking about formal education, which is practically not going to teach you to be rich, even if you study management, international business, whatever, you probably will not leave with the resources and tools to achieve true wealth .
We are talking more about an own education, of being self-taught, of looking for and reading books, of studying on the internet even free things, it does not have to be all bought.
The idea is that every day you are educating yourself and that you think that if education or information is expensive or expensive, imagine how much more ignorance costs you .
# 4 Good Insurance For Your Assets
Probably as you begin to accumulate wealth, you also begin to acquire assets or tools that have high value.
For example, in the case of a YouTuber, they have a camera, lenses, lighting equipment, microphones, things that can cost some money, that if for some reason, at some point, they are the victim of a robbery, they will be without the tools to continue working or you will have to disburse an amount of money from your pocket instantly to be able to continue generating income, or otherwise you will be affected in the short, medium and even long term.
Insurance, despite the fact that many people say that it does not make sense, gives you a lot of peace of mind, allows you to make the most of what you need and what you want, and eventually if something bad happens to know that you are covered.
Now, you have to know how to choose insurance very well, read the conditions, the fine print, and get very good advice.
That the person or the insurance collector does not hide things from you and that you ask in more than one part, do not marry the first insurer you find, but rather look carefully for the product that best suits your needs.
For example, it happened to a friend that he bought insurance against theft for his mobile phone and it turns out that that person had the phone stolen and when he went to claim the insurance company, the insurance company only covered “qualified robbery or theft” say that he had to arrive hurt, wounded or with a video where he was seen being attacked in order to steal his phone …
… but if it was simply a threat, an armed robbery without physical assault, it did not cover him. That is why it is very important to be well informed about the conditions.
# 5 A Financial Tracking App
A tracking application on your cell phone, of expenses and income where you write down all your financial movements as I have previously recommended.
Or if you do not have a cell phone that allows you to manage this through an app, then do it in a notebook or Excel sheet, but have the follow-up whatever.
The idea is to write down everything, divided by categories, where you can do monthly, biweekly, semi-annual analyzes, etc.
You cannot exclude the purchase of something very cheap, nor the movements you make for pennies, for coins, nor the income, even of money that they give you or that you receive for any amount and concept, it does not matter.
There are many options of these apps on the market, you just have to try them and see which one works best for you. The important thing is to start your follow-up as soon as possible.
