We always thought that the poor remained poor and the rich always became richer, thanks to their businesses. That is just the world’s economy.
But in recent years, we saw billionaires becoming millionaires and millionaires becoming just like the rest of us because of global recession. Of course, the lifestyles of the super rich gone poor include selling yachts, estates in the Caribbean, a private jet, etc., while the poor would sell everything that they have, including their children (if we come to think of it, it also happens to the rich, like forcing their children to marry the child of another rich person to seal in a business deal).
Anyway, we may not really become rich but at least we can live with our finances intact and still enjoy some leisures and luxuries in life if we know how to handle our money. We may not exactly be millionaires but at least we are not in debt. We have to learn how to be disciplined and become good stewards of the resources that God has given us. I have to really control myself from going to the Robinsons mall just so I will not be tempted to get anything at Toys R Us.
We should prioritize needs and wants. We also need to learn about simple economics. There are lots of instructional materials online or we can order them and listen or watch them in our free time. I think that cd rates for such materials are very reasonable and whatever amount we sort of invest on such things will just benefit us anyway.
Wherever we can, let us find ways to earn extra income and let us keep ourselves from unnecessary expenses.