After watching Part 4 of Bravo’s Real Housewives of Atlanta Reunion I decided to share some words to live by from Kandi Burruss. In addition to the show, Kandi is a successful entrepreneur and songwriter who has a net worth of 35 million dollars.
Manage your credit
Credit is not free money. Whatever you spend on credit you must pay back…. with interest. If you don’t pay it back, it makes things more expensive and keeps you from making big purchases in the future.
Live below your means
Just because you can afford a $1000 a month apartment doesn’t mean you have to rent it. Find a $700 a month apartment and save the extra $300. $300 x 12 months = $3600. That’s almost 4 thousand dollars in your savings account.
Live for the time that you don’t see coming
When you get some extra cash or your tax refund don’t spend it all. Put a little back for that unexpected car repair or a trip out of town to see a family member that may not be doing well.
Learn to make money off the money that you have
Invest in yourself. Take a class to increase your skills or start a small business on the side. Spend some extra money now on something that can make you more money later.
Don’t keep up with the Joneses
Buying things to impress people that you don’t like and most likely don’t like you is crazy. Just because you see people with nice things you have no idea what they had to do to get those things or any idea what they are going through to keep them.
If you have a home or car loan put a little extra money on principle to pay it off quickly. Instead of spending money on things that lose value like purses and shoes spend on things that can increase in value.
Check out the video below.