The Power of $avings

Imagine that in your entire lifetime your total earnings is $20 million. If properly managed and you’re able to save half of that, $10 million, do you think you’d ever have any financial struggles that you’re experiencing now. That’s the power of what saving for a rainy day will do. If you don’t save anything, you can’t expect your savings to bail you out when you need it.

The concept of saving for a rainy day is very simple. Yet, we’re not taught this very well when young. As a result, we suffer its consequences as adults. We’re not taught this in Elementary School, High School, College, etc. The concept of savings is made an elective course. Who would choose to watch paint dry in school when our attention span is but 5 seconds. Yet, the consequences are so vast.

The purpose of this article is to bring your attention to this blight, so that you can correct it IMMEDIATELY if it still plagues you or your children or someone you know. Save today, save tomorrow. For it will save you. Yes, there are many things you can do with your money in addition to savings, like investments, etc. But you must accumulate before investing. Such accumulation occurs via savings. Save, my friend, save. I invite you to save the proverbial $10 million of your life. Do it today.

The concept of savings is not only applicable in the personal setting, but also in the business setting. Have you applied this principle in either setting? How? Has this benefited you? Please share!

Quote of the Week:

“Do not save what is left after spending; instead spend what is left after saving.” ― Warren Buffett

Book of the Month:

“Reading is to the mind as exercise is to the body.” - Joseph Addison

Think Like a Rocket Scientist: Simple Strategies You Can Use to Make Giant Leaps in Work and Life, Ozan Varol. (A classic. Thinking out of the box).

#lifestyle #habits #change