Skipping Latte and Clipping Coupons Doesn’t Make You Rich

Saving money on skipping latte clipping coupons does not have to be complicated. We rounded up the essentials so you can spend less and skip the guesswork.

Key Takeaways

• (adsbygoogle = window.adsbygoogle || []).push({}); We always heard that a penny saved is a penny earned but the secret to riches and financi...
• The best ever article I wrote on the subject is still among my top 10 most read posts every day, how to be rich?
• That’s the easiest formula toward riches.

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We always heard that a penny saved is a penny earned but the secret to riches and financial success is much more than just saving a penny here and there. The best ever article I wrote on the subject is still among my top 10 most read posts every day, how to be rich? By creating value. That’s the easiest formula toward riches. We need to create value and thereby we increase our income. If we want to maintain a good lifestyle without hurting the savings and at the same time having piece of mind.

Let us imagine that you skip your beloved latte in the morning. How much do you really save in a month? Depending on how much you drink and the brand you purchase, you may save between 30$ and 60$ every month. That is a nice amount of money but not really enough to improve your lifestyle or make your retirement more comfortable. Actually skipping the latte can make you sad and decrease your morale, if that is your way in to morning energy, which may eventually hurt your job or business and thereby your income.

I touched up on the topic of saving more vs. earning more, where to put priority. My priority is clearly on spending my time more on earning. Apart from my day job I have this blog as a means to earn money in my spare time. Which over last couple of years has earned me a sizable income.

On the other hand, had I been clipping coupons in my spare time, It would have saved only a tiny fraction of money I earned through my blog.

More over,collecting and clipping coupons for anything and everything is actually more likely to lose you money than saving because since you have the coupon in your hands, which typically has a deadline, you actually end up buying a product that you really do not need, wasting precious money.

The secret to becoming rich is not saving pennies but to work harder and earning big money. There are three mains ways to achieve it. The first is to study. You may already have a university degree, but is that enough? Today more and more people pursue the master degree in their field because they know that people with such degree earn more, have more job security, are less time unemployed, and typically work the same number of hours for greater payment.

Enrolling in a degree is very hard; you need to pass the hardest exams in the world just to get in. If you succeed you need to pay staggering tuition amounts every month plus you will need to study harder like never before. However, you should always look at such objective like a mission statement, like a financial investment, which is almost guaranteed to make you a profit in a few years.

If you do the math and calculate how much the degree costs plus how much you will be earning in just 5 years, you will see that you can pay the entire degree and start to make a profit typically in less than 5 years and after those 5 years, everything will be a profit.

The second is to get a second job and double your income. If you have been working 7 hours per day and earning around, let us say 3000$ per month, you could be earning 6000$ per month with a second job. Now that is real money, numerous times more than saving a penny by skipping latte. Very hard working people are never satisfied with just one job and even for their financial security; they prefer to have the second job in case something goes wrong with any of their jobs.

Searching for a job is very hard these days because they require more and more degrees and companies are now much more likely to fire people if they do not perform as if they expect them to perform. The financial crisis is making things harder than ever before but it is worth the effort to see two checks coming to your mail every month. To search for a new job the best place to go is the internet. Forget about just reading the newspaper or to go to an employment center.

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The really good jobs are available online only because potential employers want to connect with candidates, which are able to use the latest technologies. You should be using websites like Monster Job and similar ones to see what the job market has to offer and if you have what it takes to apply to the job.

The third way to boost your income is to start your own business in the real world or on the internet. What is the world in need now? Can you satisfy their needs? What can you do the best? Answer these questions yourself honestly and see if you have the potential to start such a business.

If you are passionate about building websites, you can start an online company that builds websites for people and business and you can charge a monthly bill to keep the site up, running and always updated with the latest information. With the internet, there are no limits.

The entire world is a potential shoppers and the only way obstacle to your success is your very self. If you are hardworking, if you always do your best, and if you excel at using computers and internet, you can make a profit online.

Readers, where is your priority? Where do you spend most of your time? Trying to earn extra income or trying to save money. If balance is key to you between the two, what your way of balancing?

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Final Thoughts

Before you check out, double-check skipping latte clipping coupons against current offers and any coupons you can stack. Small habits like this add up to real savings over a year.

Originally published at onecentatatime.com.