DON’T BE A PAY DAY MILLIONAIRE
According to Patel, many people spend 80% of their salary in the f irst week of receiving it. This leads to f inancial pressure towards the end of the month. “Create a culture where you stretch your money until the end of the month so you go into the new month with money from the previous month. Apply this thinking to everything you earn. If you get a promotion, put the extra money aside for savings and building up your wealth, rather than increasing your spending,” Patel advises.