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Wednesday, October 1, 2008

Save Money, Make Money: Episode 1

Concept 1: Eliminate Spending Your Money on Non-Essential Non-value Adding Activities

Don't throw your money in the activities which are non-essential, non-value adding and over which you don't have much control. You will save tons of money. You will also eliminate one big chunk of non-essential activities of your life which are absolutely non-value adding. This will give you extra time to spend on more useful actions.

Don't Do Things Given Below and Save Lots of Money (Eliminate Them)
  • Gambling
  • Betting
  • Horse racing
  • Visiting casinos for gambling and indulge in gambling there
  • Smoking
  • Taking drugs
  • Drinking (Alcohol)
  • Things you don't need (Don't buy them)
  • Impulsive, emotional and/or impromptu buying that is non-planned
  • Keeping up with the Joneses (Let me also buy since the others have it, irrespective of the fact that I don't need it)

Also refer:

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