{"id":10533,"date":"2022-10-07T05:27:00","date_gmt":"2022-10-07T10:27:00","guid":{"rendered":"https:\/\/therealdaily.com\/?p=10533"},"modified":"2022-10-08T12:47:03","modified_gmt":"2022-10-08T17:47:03","slug":"save-money-and-grow-wealth-at-the-same-time","status":"publish","type":"post","link":"https:\/\/theamericangenius.com\/housing\/editorials\/save-money-and-grow-wealth-at-the-same-time\/","title":{"rendered":"How to save money while growing your wealth at the same time"},"content":{"rendered":"

There are two universal truths: Time is not limitless, and we would all love a little more money. It doesn\u2019t matter how much you earn or what you do every day, hours pass, bank accounts deplete, and everyone is looking for a little bit more.<\/p>\n

There are two lines of thinking when it comes to earning more\/saving more\/retiring sooner<\/a> – Make small changes every day, or seek bigger fish. You can\u2019t do both.<\/p>\n

One or the other<\/strong><\/p>\n

We all know this right? I mean, intrinsically, know this. If you respond to every e-mail, take advantage of every sale, clip every coupon, and retain every rubber band, you won\u2019t have time for any of the big picture<\/em> goals.<\/p>\n

Say you want to save $20k this year – you\u2019re not going to do it by making a small change every day. If you quit your daily Starbucks habit you could save 1,500 bucks. Maybe more if you love your double shot macchiatos with extra foam. Sure, that\u2019s five percent of the way to your goal, but it\u2019s not achieving<\/em> it.<\/p>\n

If you spent your hours learning how to make smart investments, building a side business, or working another job, you could have your coffee and drink it too.<\/p>\n

The truth about long term<\/strong><\/p>\n

The problem is that these long-term goals are more difficult and the progress isn\u2019t as obvious. If you subscribe to every money-saving blog, coupon newsletter, or stress over the cost of maraschino cherries, you at least get some instant gratification. You feel the progress because you can feel the pennies clinking into your piggy bank.<\/p>\n

Making more money is harder, and the satisfaction not as immediate.<\/p><\/blockquote>\n

Building another job for yourself, (whether you\u2019re building a business, freelancing, flipping houses, or even learning how to invest) is hard work, and it will take time to pay off, but in the end, you\u2019ll make way more money than the coupon clipping penny pinching of your brethren. I\u2019m not suggesting we be wasteful, there are still costs to rampant consumption, I\u2019m just saying don\u2019t let it consume you.<\/p>\n

Avoiding versus creating<\/strong><\/p>\n

Hard work does pay off, though, and it pays off big time. It doesn\u2019t matter whether you have a day job in sales, or you\u2019re raising three kids – an entrepreneurial spirit can empower you physically and financially.<\/p>\n

Take something you\u2019re truly passionate about, and find a way to get paid for it. I promise you it will be way more satisfying than clipping coupons or turning in tin cans or stressing about the little things.<\/p>\n

Saving money is<\/em> making money. And I know you can do it.<\/p>\n","protected":false},"excerpt":{"rendered":"

There are two lines of thinking when it comes to your money – Make small changes every day, or seek bigger fish. You can\u2019t do both.<\/p>\n","protected":false},"author":337680,"featured_media":19412,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"wds_primary_category":0,"footnotes":"","jetpack_post_was_ever_published":false,"_links_to":"","_links_to_target":""},"categories":[254],"tags":[683,927,1335,1352,1234,1417],"class_list":["post-10533","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-editorials","tag-business","tag-career","tag-entrepreneur","tag-money","tag-real-estate-news","tag-saving"],"jetpack_featured_media_url":"https:\/\/theamericangenius.com\/housing\/wp-content\/uploads\/sites\/2\/2021\/06\/Person-holding-money.jpg","jetpack_sharing_enabled":true,"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/posts\/10533","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/users\/337680"}],"replies":[{"embeddable":true,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/comments?post=10533"}],"version-history":[{"count":9,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/posts\/10533\/revisions"}],"predecessor-version":[{"id":19855,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/posts\/10533\/revisions\/19855"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/media\/19412"}],"wp:attachment":[{"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/media?parent=10533"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/categories?post=10533"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/tags?post=10533"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}