p.145 first draft cause and effect 200901051

Many people dream a life of financial success or more simply said, they dream of being rich. They really care about having lots of money and having the financial means to do what they want in their life. Unfortunately, for many that dream will be an utopia. Many blame it to their low salary or having no luck in life to achieve that goal. The truth is far from that. Then how comes that some people who were in the same circumstances were able to achieve that dream? The answer is simple. They are good in saving money and they live below their means.

                  That's why knowing how to save money and living belong one's means makes a big difference in the road to financial success. For example those who learned during childhood how to save money and its importance, will keep having that habit when they become an adult. They realize that saving money is not only important to have some extra cash for the bad times, but also that it can be used to make their fortune grow. They can use a part of their savings to invest when an investment opportunity rises up. Therefore saving money will not only lead to financial certainty, but also to financial success by using the saved money to gain more wealth.

                  The second requirement to live below one's means is also important to make one's dream to financial success to come true. However, many people do the opposite and live well above their means. They spend more money than they earn. As a result, they have to apply for a loan to pay off their debt. After that they have to apply another loan to pay off their first loan and then a third loan to pay off their second loan and so on. Like this people become slaves of their own debt and they have to keep working their whole life to pay off their loans. This will cause for people to fail in their finances and never achieve financial success. The best way to avoid this is living below one's means and be careful about spending money. That's why living below one's means is another important factor to financial success.

                  Knowing how to save money and living below one's means are two causes that will help to lead to success in finances. Saving money will lead to financial certainty and freedom to invest and gain some extra wealth. Living below one's means however will make sure that people don't spend too much money. Therefore they won't make unnecessary debts that will only lead to failure in making their dream come true.