Monday, 4 October 2010

spend less than you earn.

The One Hour Project: One Hour Makes All The Difference


Many people think that things that can put them ahead financially involve a lot of work. “I have to make big changes to my lifestyle,” they say, or they believe they have to give up all the things in life that they enjoy, or they’re going to have to start working a lot more than before.

The truth of the matter is that financial success boils down to one thing above everything else: spend less than you earn. It’s one of those incredibly simple truisms that’s easier said than done. This month, however, I intend to show that it’s easier than you think.

During the month of September, I’m going to post a series of thirty posts, each one outlining an hour’s worth of activity that will directly improve your financial status. You can do these in any order, any time you want, but every single one will put you in a better financial state than you were before you started the hour. After that, no lifestyle changes are required at all, but in most cases the activity will slowly put more money in your pocket over time, sometimes over the timeframe of several years.

“How is that possible?” you ask. Most of these activities involve tweaking some aspect of your life in a subtle fashion so that your day-to-day life is unaffected, but the little savings add up. Other ones will actually build income for you. Every single one is a legitimate and normal activity – nothing strange or unusual – and almost all of them can be done by anyone living a fairly normal urban or suburban life.

Once a day throughout the month, I’ll post an article on this topic entitled “The One Hour Project” – you can’t miss ‘em – and link them back here. This article will also link to all thirty of them. At the end of the month, I’ll also post a summary of all thirty – think of that one as a menu for you to choose from when you’ve got an extra hour and are ready to improve your finances.

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