Money Tips 365 Day 2 – Save
It’s not how much you earn that counts, it’s how much you
keep that makes you wealthy.
The average person can build wealth without a high
income, but you cannot build wealth without a high savings rate.
Watch video version - https://youtu.be/1AZByhELOo4
We cannot easily control the return on investment, but we
can easily control our rate of savings.
I’ve known many clients on average incomes become
wealthy, but many more on high incomes end up broke.
Get into the habit of living on a percentage of your
income for life’s essentials, and saving and investing the rest to build
wealth.
The wealth that you accumulate through your savings
efforts will be what is left over after you’ve spent the rest on living.
Exercises for today
Start with what you can get started, and from the habit
of saving a percentage of your income.
What percentage of your income do you save right
now?
How much can you start saving right now?
Save for short-term emergencies, medium-term goals and
retirement.
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