Copyright 2006 David Brown
Dear friend
In your experience is it easy to save money for the future?
Are we aware of the reasons if saving money is a challenge?
What are some simple ways to save money?
In this article you will have the above questions answered.
So, is it easy to save money? If the answer is no it could be due to a lack of financial goals, an incorrect mindset, or habits or just a basic lack of knowledge.
Let have a look together and let me help you today.
Financial Goals
Do we have financial goals?
Imagine a football match without any goals, what would be the objective in playing the game? The players would be kicking the ball around with no motivation or purpose; it would be a waste of time. Let me ask you;
What financial savings goals have you set?
In five years time how much money would you like to have saved?
What will your life look like with this money saved?
How much money have you saved after ten or twenty years?
Goals are vitally important as they give a clarified direction.
Mindset and habits
Many people today have been conditioned to believe that saving money is a painful process. This conditioning may have come from parents, school, or society. With this conditioning is the myth that spending all the money we have instead of saving is a pleasure.
What steps must be taken to correct the conditioning?
It is acceptable to save money. We may have to change our mindset by reprogramming ourselves. How can we do this?
Change the habits we have about savings. Consistently use these two saving secrets every day and see the difference to your finances.
Save 10% of all your income and live on 90%. When 10% of all the income is invested then over a lifetime this can create an abundance of wealth.
Do you have pay rises?
When a pay rise is given to you then build the habit of investing 50% of the increase. It is amazing to see the amount of money this habit will make you over a long period of time. This is called the wedge principle. The more money saved the more we attract.
Also the words we use about saving money is important. Always use positive talk and thoughts. For example instead of I will never have savings speak I am now attracting an abundance of savings into my life.
Another top secret to attract wealth is to have a wealth or financial coach or mentor on your team with you. they will assist you on your journey to accumulate savings and could save you hundreds or even thousands of dollars because of their experience. They will also assist to set financial goals and assist to change those nagging negative mindset habits which keep ones from reaching their financial goals. |
