SAVING HABITS

LESSON #9

SAVING HABITS

Why should we develop saving habits? This is a discipline that the wealthy people have. The more your saving habits are strong the wealthier you become. You will never be broke, all your needs will be meet plus you will have enough money for emergencies and holidays.

 

·         Prepare a detailed financial plan for the next few years and follow it. Seek out financial advice if you need it. A powerful strategy for financial mastery is also a simple one: save 10% of all you make for long-term growth (take this off the pay cheque before you have a chance to spend it). If you can invest $200 a month for the next 30 years at an annual return rate of 15%, you will end up with $1.4 million dollars. Being wise with your money is one of the very best investments to make. Financial security leads to personal freedom. By Robin S. Sharma.

·         Sleep less, spend less, do more, live longer and be greater. By Robin S. Sharma.