Blacky,Simon (and all others)
Like many on this forum I started out investing when I young and poor.
I remember earning $2,000 a month, paying rent, car, food and partying and still managing to put away $400/month.
I am now older (still not old, but older) and I earn considerably more than that. I have amassed a nice property portfolio, and am in the process of doing a triplex development. However, I seem to be spending rediculous amounts of money.
I am fortunate all of my debt is (currently) "good debt". With my job it means I dont own a car, phone or PPOR. I dont rent (company house) and most of the time work also pays for my meals. In reallity I should be able to survive on under $100/week.
However, I have definatly fallen into the trap of Earn more=Spend more, and I need to reverse that trend. I used to be able to do it, however, time burns memories, and I dont seem to be able to do it now.
Can anyone on this forum help with ideas.
Thanks & Regards
Had a similar problem to you.
I found that it wasn't until I wrote all my spendings down for a month or so and I saw the ***** I was spending it on that it snapped me out of it.
Pretty simple but it really worked for me.