Like all, this skill needs to be developed!

llo there Seems you are eager to get that extra bit of  'Honey' along with your 'Money'! Wondering how i construed that? Simple - you took a minute to scroll through this page! ;) 

This blog is aimed at the section of society called 'US' . We the learned people, who get into multi billion dollar corporate, work

hard day in and day out, get paid extraordinarily (of course, with certain ifs and buts) but still as the month passes by, our bank accounts start laughing at us. Trust me, this happens with all of us! The solution out to this dilemma is- My, me and myself.

In this era of digitization, enhanced marketing and consumerism, we tend to buy goodies which don't 'actually' cater to our needs, on the contrary they cater to our urge of buying. While surfing online, while connecting socially or even while booking our bus tickets online, we come across numerous and fascinating advertisements which urge us to sneak through the online shopping portals and majority of the times we end up buying something that we later realize is of less use to us or to worsen the situation, is of no use at all. We are humans and there is nothing bad in being an impulsive buyer, provided you are a relative of Birlas, Tatas, Mallyas etc to name a few, but what if we don't belong to this dynasty? Dont we have the right to enjoy what we earn? dont we have the right to pamper ourselves? YES, We do!

Having said that, we need to see the invisible wall between what we need and what we want and i think, if you are reading this you are capable and intelligent  enough to  see this wall for yourself which would help you to take thoughtful financial decisions and would help 'your' money to be 'yours' for a longer time. The bottom line is, compete with  your impulsive urges, surpass your  irrelevant temptations and if you  think that 'You really need it' then 'go and buy it'!

So firstly we need to segregate out our 'needs' and our 'wants', purchase our 'needs' and sideline our 'wants'. Once we are going practical with this approach, second step in order to make ourselves laugh(at the month end) instead of our bank accounts laughing at us is that we need to, have to and ought to start paying ourselves first.

Let me paraphrase this,  in order to lead a better financial life we should start paying ourselves first, instead of paying others. What i mean is that we need to set aside the fraction of our salaries that we want to save or invest for our future( this is nothing but paying ourselves) and then start acting over our urges and temptations by buying our happiness (this is nothing but paying others).

This  would gradually and eventually lead you to make more rationalised choices! Stay with me folks, buy yourself some time and you'll see the honey dripping out of your money!!