If you know Pinterest, you know the beauty of the life hack. It is serious! You can turn an old skateboard into a shelf or find an almost identical alternative to your luxury lipstick that you paid retail price for.
Have you ever discovered a hack for getting rich? In what seems to be the most simple hack discovered this year, Time shares the easiest ways to attain and keep your wealth game strong.
The secret to getting rich is living below your means.
"The bigger the difference between what you earn and what you spend," mentions Time, "the sooner you’ll find yourself with enough money to do what you want with your life."
Easier said than done, no? Americans no longer desire just the "American Dream". In a world where celebrity rules, we've become obsessed with luxury, acquiring "stuff" and being or having exclusive things.
Trying to keep up with your favorite Instagram star is the quickest way to fall into debt (especially when most bloggers/celebrities receive lots of things for free).
Living below your means is the truest way to amass wealth. When you spend less than you earn, you will begin to see how easy it is to reach financial goals and develop economic security.
Do away with unnecessary expenses.
To support this mindset one must live frugally. Live in a place that you can afford, don't purchase items that will put you in a financial bind and do away with expenses that are not necessities. Choose Netflix over cable, Planet Fitness over that fancy gym that you go to or shop at Trader Joe's instead of Whole Foods!
Automate your savings, use personal savings goals apps like Betterment. Put a significant portion of your tax return, bonuses or raises away.
This may not be the most exciting life hack or method to get rich, but with these simple steps you will have money saved in no time. Cheers to building wealth!