As the month of August rolls by, try this exercise; just attempt to make a simple budget for the month, with 40% right off the top of your monthly income going straight into savings and investments.
It’s really hard to do for most people, so don’t feel bad if you don’t come anywhere close. Try to imagine ways where you could hit that target number. Could you live without smoking and drinking habitually? Could you do without the daily trips to the fast food outlets, or maybe trim the fat off your DSTV cable and mobile phones?
Could you do without the compulsive shopping exercise? Could you do without the magazine subscriptions you hardly read that have become a societal trophy on your walls? Could you also do without the unnecessary habit of spraying money at every social event you attend? Ask yourself; are these things worth it so that I don’t have to work ever again in just 10years?
Also, ask yourself; why am I not doing these things right now?