MIT is an acronym for most important things. LIT is an acronym for least important things. While there are literally thousands of ways to improve self-reliance, only a few are the most important for each person.
By focusing most of your time and energy on the most important money principles you will see an increase in financial well being.
The corollary is by focusing on the least important things you will see less results for a greater effort.
MIT (Most Important Things):
- modest in expenditures
- pay as you go
- live strictly within your means
- pay debt off as fast as possible
- be aware of interest
- plan/ budget
Pick two or three MIT and focus relentlessly on them. Your financial fitness will accelerate by focusing on them.
(Photo courtesy nixxphotography)