Wealthy Thinking: Money must be used to accomplish things, not merely to buy things.

Don't just wish for wealth - take action to make it happen!

Source: Black Wealth Initiative – Black Enterprise Wealth Building Kit at www.blackenterprise.com/WBK.asp

• Approach student life with an LBYM attitude.
  
  
• Aim for living on 70% of what is available to you.
  
  
• As a student aim to live on 90% of the school budget, you can always apply for more if absolutely necessary. For the typical single living expense budget, between $10,000 and $15,000 such a reduction in living expenses would amount to between $80.00 and $125.00 per month with the savings (money you keep in your pocket) amounting to between nearly $9,500 and over $14,000.
  
  
• Put the other 30% in an interest-bearing savings account or money-market fund until needed—or reduce how much you borrow
  
  
• Pick up cost-saving tips from Motley Fool’s “Living Below Your Means” discussion board:www.fool.com. Registration is required to use the Web site. It’s free, although some of Motley Fool’s services are not free.) Living Below Your Means and LBYM are trademarks of The Motley Fool, Inc.