The first step to Financial Security is taking the wheel. It is difficult to be the driver when you aren't in control of the decisions. You need (1) the outs to be less than the ins for the things you expect, and (2) a buffer for the things you don't expect. The more aggressively you are able to live within your means, the closer you will be to Financial Security. It isn't about the size of the income, it is about what you do with it. Someone earning £10,000 a month, may be spending £12,000 a month. If these commitments become harder to break from (private schools, expensive neighbourhoods etc.) then that person can be much farther from Financial Security than someone living off R4,000 a month, and earning R8,000. It is the unexpected that is dangerous. It is living unsustainably that is dangerous. First spend less than you earn. Then build a buffer. Then make sure your "practice" is one that is growing security rather than digging a hole. Then add time, patience, and commitment. Don't let life backseat drive.
Who is driving?
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