The basis for a wealthy life is Earning Money. You can call it active income or passive income; either way, it is the occupation that meets your major spending and allows you to save and invest, which takes centre stage.
The Dolly Varden trout in Alaska puzzled biologists – despite a short window of abundant food when salmon laid eggs, they thrived year-round. Only later was the secret found – researchers discovered their ability to adjust digestive organs based on food availability. When food is abundant, they ramp up metabolism; when scarce, they slow it down. This adaptability indicated by the Alaskan trout holds a lesson for personal finance and can help you overcome your struggles with saving and investing.
Self-analysis, realization and deciding to bring changes in your is a great task. This requires a lot of effort and discipline. Many times, these decisions are associated with spending money...