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ultimately wrong-headed. Most people work for companies and organizations on which they depend for their income. In other words, most people simply don't control how much money they make.

They can control how they spend that money. So instead of asking how much money you can earn, wonder if you know how to manage the resources you have. Honestly reflect on the knowledge you have about interest rates; taking loans to pay for education, vehicles and homes, and whether you have a workable retirement plan.

If you find that you just don't know how to manage your resources well, immediately get the training required. Don't waste time. You must learn to manage your money and pull yourself out of the consequences of ignorance. The lessons and training DebtZero provides can help you with this endeavor.

Principle #3: Self-Discipline and Self-Restraint
Learning and practicing discipline and restraint in regards to money and resources can be more powerful and freeing than accounting classes or a course in debt management. The idea that you control whether you live within your means seems to be out of fashion today, but that doesn't make it any less valid.

As you assess your resources and your needs, you will need to be honest with yourself. You must ask yourself what you need, rather than what you want. Even in times of plenty and abundance, discipline is necessary.

Many people, upon considering their resources and needs with candid frankness, find that they can live quite happily on far less. One family that began using these principles went from living on nearly $4,000/month, which was already frugal, to living on less than $3,000/month. Belts were tightened, but the joy of being total masters over their resources outweighed any disappointment at not being able to buy whatever they wanted.

Principle #4: Make a Spending Plan
The common word for a spending plan is budget,' but most humans don't like that word. It's a lot like a diet: it is restrictive because it tells us what we can't do and it doesn't work! We must switch our thinking to the idea that we should have a spending plan, whether we are on our own or we have a family.

A spending plan accepts that we must spend money. Life costs money. Our home, car, food, education, clothesthese all cost money. If we will identify exactly how much money we must spend on these necessities, we can start to identify other financial goals that are necessary. Goals such as retirement or paying off a house might be identified. These are

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