A 2013 Gallup pollfound that only 30% of Americans have a budget. I think that number is a bit off. By about 70%. Whether you realize it or not, you’re on a budget right now. Surprise!
Just because you don’t “prepare” a budget doesn’t mean you don’t have one. A budget is nothing more than an estimated amount of money you can generate and spend in a given time frame, limited only by whatever cash and credit you have access to.
Got unlimited cash and credit? Then you can buy whatever you want, whenever you want it. Got zero cash and no credit? Sorry sucka, you can’t buy squat on that budget.
Everyone has a budget. Not everyone has a financial plan. You need both.
Whether you know it or not, right now you have a lot of potential employees at your disposal. Probably hundreds, or even thousands of them – all just waiting to help you! They’re called dollar bills and every single one of them is ready, willing, and able to go to work for you right now with the sole purpose of making you even more dollar bills.
How much money do you think you need to be considered “rich”? Most Americans define ‘rich’ as anyone that makes more money than they do. Really? That’s actually pretty funny. I define it like this:
Have you heard of D.B. Cooper?
In 1971 the guy hijacked a plane, demanded a HUGE sum of money ($200,000 grand!), got the ransom paid and once he had the money in hand the plane he’d hijacked took off and somewhere between Seattle and Portland ol’ Coop strapped on a parachute and flew the coop, never to been seen or heard from again.