I am an impulse buyer and I want to be financially free, for me this phenomenon doesn’t go hand to hand, at least in my early times of working towards my financial freedom.

I am from the typical Indian middle class who is supporting the great Indian Boom on the world map. Like many other; I also want to buy branded garments, super gadgets, and nice holidays. For the past few days I was thinking to buy a DSLR, Nikon D50, by taking a personal loan @ 14% per annum, then I came across this post, and gave some thought over it, and finally realized I don’t really need one, this will create an unnecessary liability for me and increase my debt burden. I already have much to pay.

The solution that I found for my impulse buying behavior, is

• Wait (at least 10 seconds)

• Think

• Don’t buy (after 10 seconds I don’t feel like to buy)

It saves lots of money for me, this also applies for the Magazines and the books I buy on a weekly basis leave them at my study in a drawer. Refraining from Chocolates and ice-creams too has saved some bucks of me. Many of us contend that cant I live my money rather than living frugally, afterall for who I am earning for, to them I can only say one line from Rich Dad Poor Dad, “start creating assets, and not liabilities, if you want to be financially free.