Please write down your personal beliefs, unravel your personal truths, and consider their respective empowering beliefs.

wealthy and the middle class is that the former own income-producing assets that will feed them for life. On the other hand, the poor and the middle class tend to have liabilities that will continue to eat their savings and income for years to come.

One of the main distinctions between the

Our problem seems endless and we sink deeper and deeper as our credit card loans, personal loans, student loans, and other loans only get bigger and bigger... exactly like the Titanic sank in the cold waters of the Atlantic Ocean.

Identify unnecessary expenses that you can reallocate to debt payment. The faster you can pay all your bad debt, the sooner you will switch your financial reality from a financial stress situation to financial comfort.

As an automatic consequence of spending smarter, you will be left with more money to save. What to do with this saved money will be covered in the next point below.

Even worse, we borrow money (bad debt), using our credit or taking loans to buy things that will not serve us any good for our retirement.

We tend to spend what we have on the things that will get us instant gratification.

We spend two main types of expenses: essential and discretionary expenses.