The Smart Money Guide v1 | Page 16

If All Else Fails “Live on less than you earn so you can have a surplus to get you out of debt and invest in assets that appreciate.” Blaine Harris Self-Discipline wins the financial day. “The primary reason for financial problems in life is lack of self-discipline, se lf-mastery, and self-control. It is the inability to delay gratification in the short term. It is the tendency for people to spend everything they earn and a little more besides, usually supplemented by loans and credit card debt”. “When creating a plan, look at both the short-term and long-term dreams you have. While a budget is part of the plan, the purpose isn't to prevent you from spending any money. Instead, having financial discipline allows you to make sure you have money for what's most important to you”.