A focus of Generation Millionaire's is to make our audience think before they spend. Today - we want to look at the cost of entertainment.
If you took the time, even for a month, to calculate every latte, lunch expense, drinks after work, etc., you might be surprised at how much money leaves your wallet on a regular basis.
We're talking about Conscious Spending. A reminder and disclaimer. We're not asking you to live off Ramen noodles and never go out / have fun. We're talking about smart, financially sound decisions while still enjoying life.
It's pretty simple...
First - what is your income?
Second - calculate your monthly living expenses. How much is left?
What percentage of what is left are you saving versus what you're spending in entertainment? If you have more going into entertainment than you do in savings, then you may want to make some conscious decisions to rethink those outgoing dollars and make them work for you first.
Practice the "Pay Yourself First" philosophy. You'll never regret it.
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