Standard of living is simple and convenient
the salary remains the same, you can still enjoy a safe, comfortable, and perfect. You are grateful for the salaries. Compare with your friends who are still having problems, inadequate salaries. In fact, he was getting as much as 8% salary increase and a bonus of three months' salary. He still was not able to live with pleasure even though his salary almost double your salary. Why? That is because 70% of his salary is used to pay the debt that never runs out.
There is a term in the blessed sustenance. Although any income you receive, the salary was sufficient to cover the needs of your family. In addition, you have the money saved for unforeseen circumstances savings and investments. That's the persistent effort you make financial planning.
Life gets rich
in the previous chapter, you have been given a description of the impact of interest rates and inflation on the debt and your money. Now you can see the positive impact of compound interest on your savings. With a value of 10% per year, compound interest allows you to save and invest the result.
Deposits old days
no debt means no monthly payments that you have to pay. Thus, the money used to pay credit cards, payment software, etc. can be invested for your future.
Just imagine if you put 10% of your salary into an investment account with a profit of as much as 10% per year. How much money are you now? The more money you save and invest, the more prepared to face and through the period of old age.
"After his release from debts that existed for so long, life is beautiful. You do not have to be a slave to the debt anymore. Apply simple lifestyle and be glad to be free of debt "
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