Ask yourself:

• Do you budget your money, or spend it all each month?
• Do you have a lot of credit card debt, or a lot of investments?
• Do you make installment payments, or are you receiving dividends?
• Do you get bills in the mail, or are they all automatically paid online?

If you don’t manage your money it will manage you — with bad debt, liabilities, and needless anxiety.

Money is a great servant but a terrible master.

Whenever you travel anywhere as a tourist, always watch out for the tourist traps. ☝️

Never eat in a restaurant that is nearby your hotel. And avoid buffets at all cost, unless its included for free.

Also keep an eye out for the old upsell, extra add-ons that you don’t need (for your flight, car, or hotel).

Before you start to invest, there are 6 things you should do:

💹 Build an emergency fund
💸 Pay off bad debts
📝 Define financial goals
💰 Increase cash flow*
📒 Know your net worth
📚 (Constantly) educate yourself

* This doesn’t necessarily mean to get a higher paying job. It can also mean to cut unnecessary expenses.

Money traps to AVOID!

🚙 Car out of price range
🏡 House out of price range
👸 Expensive life partner
📝 Having no financial plan
💍 Overly expensive wedding
🍸 Too much partying/drinking
💳 Not using credit wisely
💹 Not investing

☝️A good investor knows how to manage money & how to avoid money traps.