The coronavirus crisis is making huge chaos in the entire society, not only overwhelming healthcare systems but also destroying financial lives, and certainly changing the way to budget.
It is crucial to identify your assets and your liabilities correctly if you want to start building real wealth.
Wealthy people understand that to create real wealth, they must create different types of income resources. They know that they can never base their finances in just one single income stream.
Budgeting itself is not magical. It is a formula in which the main intention is to allow you to have total control over your finances and building wealth.
To achieve financial independence, you must have discipline, and this requires to pay your debts as soon as possible. It is your duty and responsibility.
Budgeting is not mattered of sacrifice. It is a choice. It is the first step that you must take to use your resources wisely and to convert it into wealth.