If you want to progress in life you need to develop a habit of saving money and investing it. To purchase a home, have a car, wear nice clothes, travel to different places it requires money. Money is created through working.
Earning a large paycheck helps but few people fall into this category. Initially in life most people earn enough but elect to spend it instead of saving a portion. The difference between those who obtain their personal desires is the ability to SAVE a portion of what they earn each day, week, or month. It is a belief system which is created in your thinking.
Create the Habit of Saving
One of the easiest ways to experience saving is to buy a piggy bank. Every day empty your change from your pockets or pocketbook into the piggy. When a piggy bank is full or at the end of a year place the funds into the bank and then transfer into a brokerage account. You will notice that the pennies, nickels, dimes, quarters added up.
As you begin to recognize the value in this habit a desire will arise to save more. Continue to build on this habit.
Save a Percentage
Saving a percentage of each check you earn as well as feeding your piggy. When you have a percentage removed from your check on a regular basis your financial freedom will move from a crawl to a faster pace.
Start by saving 10% of every pay check. You can establish a money link from your bank into your brokerage account and the 10% will automatically occur on the day you scheduled. I would venture to say you will notice a confidence which has grown through developing these first two habits. The confidence that you can live, enjoy life, and save for your future.
Take a moment and reflect. Ask yourself, did my life style change by me saving this money instead of spending? My guess is no. But knowing that your future life will have more financial freedom, that you will be able to buy the items you want or possibly follow your dream will keep your motivation strong.
Money Working for You
After watching your coins become dollars and the wonderful feeling you have when you realize you have created a financial cushion you will want to learn how to make your money work for you.
This is when you will get serious about investing. You can take it upon yourself to learn about the stock market or work with an advisor who has a similar philosophy.
The quicker you develop these three habits the quicker financial success will arrive at your door.
Are you prepared for your financial future?
Let’s get together and I will help you experience — and understand — how your money will grow in the world of long-term investments. Let me show you how much fun it can be! Call me, Vicki L Wille, today at 702-878-9562.
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