Before You Make Money, Save Money

Regardless of you making a lot of money now, or are going to make a lot of money later, you have to know how to save. You are making $1 million a year and have done that for the past five years, but you spend all of them and have not saved a cent, you are wasting your five years time and effort making no production at all. When I ask you: "You are making $1 million a year for the past five years! How much have you earned to show?" If you have spent everything, you have nothing to show. "You mean you have earned nothing to show?" ~memory from Richest Man in Babylon.

It is all about increasing your networth. When you make $1, you increase your networth by $1. If you spend that $1, you are back to where you were, which means you are not doing anything to increase your networth.

This is true for fresh graduates who have got a job. They earned their salary every month-end, spend some on clothes, some on techs, some on beers... After 5 years working 9-5, they realized they have not added any amount worth talking about to their networth.

Wealth and abundance come by if you can increase your networth by not spending it. Saving is not easy. It takes discipline and great amount of faith in yourself.

Everything starts with training. Start today by saving away 5% of your income into a new account and label it "Do Not Touch". Many save to spend. Anyway, save to spend is still better than borrow to spend, which is encouraged by credit cards issuers around the globe. Do not borrow to spend, and avoid save to spend. When you spend, spend what you are worth spending. If you are not worth looking good, do not spend on making yourself look like a millionaire. Spend what you are worth, save the remainings and to grow your wealth.

Gradually increase the portion you save, from 5% to 10%, to 15%... Eventually, you will find yourself saving 50% of your income. You might be thinking: If I am saving 50% of my income, how am I going to support my living? Yes you can. It is weird. This method of increasing saving is nothing new in wealth building. Many who adopt this method found that their income goes up everytime they increase their saving percentage. It is that weird. It can be explained by their understanding of building wealth that brings them more wealth, or that they respect money and thus money flow to them. It is just weird. The Universe seems to like people who have a saving habit, and are commited to saving more and more.

Try it for yourself for one year. Afterall, you have nothing to lose but everything to gain. A good and effective method is to increase your saving rate by 5% every quarter.

Learning how to save is easier than learning how to earn. If you are earning powerful amount of money, saving can speed up your wealth building even faster.

Thanks for reading and see you next time!

How to save time?

Time is precious. To prove it, we will take the example of Diamonds. Diamonds are precious because they are time tested version of coals.

Money can be saved, can time be saved?

Yes, definitely. Money saved is money earned. Time saved is time created. We have only 24 hours daily. Do you know some people manage to enjoy more than 24 hours daily? This can be proven by their successes. Many achieved their dreams at a very young age while others fail miserably. What makes them different is their ability to save time and create time!

Ask yourself these questions:

1) How long does it take for an author to write a book?

To write a book, most time is spent researching for the content of the book and finding ways to organize and code them into words and sentences. Most authors are experts in the field they write about. They frequently code their experiences into words. If an author, after 20 years of experience in his field, feel of writing about what he knows, then, it takes the author 20 years + the time it takes to code them into a book. By reading his book, you saved yourself 20 years of time.

2) How long does it take for trainer to speak in a training seminar?

Now you understand how long it takes to prepare for a training seminar. It is the time needed to prepare the materials, plus all the time it takes to learn about that knowledge, experience, content…and the time it takes to learn how to successfully transfer the knowledge to the audiences. If the trainer read 2000 books, has 20 years of experience, learned from another 10 trainers, and you attend his seminar, you are going to save for yourself all the time the trainer has spent.

Imagine today if there were no Windows XP and you want to develop it yourself. You will have to spend all the time and resources it takes for a giant company to finally come up with Windows XP. What you do now is just install it into your computer.

Same thing apply to knowledge and experience. What you do is find an authority that has the knowledge you want, learn from him, and install it into your own brain. It is that simple. This is the best way to save time.

You do not have to go through all the pain of learning what does not work, learn from someone who has “been there, done that”. Learn from successful entrepreneur. Learn from someone who has achieved financial freedom. Learn from people that has already achieved what you want. You don’t have to reinvent the wheel to be successful. Success has been sped up as failures are easier to avoid nowadays with so many books, seminars, and information out there.

Learn and keep learning. You could save yourself great deal of time by learning from people who has “been there, done that”.

Now you know how to save yourself a lot of time. Use those time saved to explore areas that others have not explored, and code them well. You may find it useful someday in the future.

Thanks for reading and see you next time!