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Three Ugly Truths About Money That Are Worth Embracing
The truth can be uncomfortable, but it’s necessary.
It’s difficult to make a lot of money if you avoid learning about it.
That’s something which took me an incredibly long time to realize. After all, I grew up on the poverty line. My family was often more concerned with saving every penny than figuring out how to make more money.
As you can imagine, I wasn’t surrounded by anyone who was a financial genius. Everyone I knew was living paycheck to paycheck. So, I didn't know how to increase my income or invest in assets. For a long time, I was financially clueless.
But now, everything is different. I’m financially independent, have a pretty good income, and frequently invest in many assets that enable me to make more money. How did I get to where I am now? By embracing the following ugly truths:
1. Overspending is the cause of many problems
I was talking to a friend last night who offers free financial advice to people in deprived neighborhoods. He told me that many people spend more than they make because they want other people to be impressed by their lifestyle (which they often can’t afford). Like Dave Ramsey once said:
