Long term? Short term?

Do you plan in long term or for short term?

It is ususally the poor that are planning for the short-term. They plan to have enough money to pay off their credit card bills, phone bills, monthly income tax, to get a new branded wallet etc etc at the end of the month or few months later. It is because they do not have sufficient, hence planning for the short term and it is because they are poor planner, that is why unable to plan for the long term. It is a vicious cycle.

As for the rich, they normally think for the long run. The rich would usually enjoy life with their money, with a certain % for investment and saving to achieve financial freedom for the future.

No matter how little money one has, we must start cultivating the habit of managing our money.

So the key is: Get started!