Sunday, 20 December 2015

BE A SUPER SAVER

"Get what you can, and what you get, hold, this is the stone that will turn all your lead into GOLD" - BENJAMIN FRANKLIN 2015 was a year of promising fortunes for many people but how many people actually got these fortunes and why was this. It is often said that 20% of the world's population controls the available wealth. Why is this so? You will get to find out soon. In the year under review (2015), were you a Big Spender or a Super Saver? This is what separates the millionaires from the have nots. If you are a good saver, you will get there but if you a poor saver, the road to financial freedom is longer than you thought. Without saving, it makes no difference how hard you work, how much you earn or how much you know about investing. The unwillingness to save is what keeps most of us in the time/money trap. Here is a simply question: would rather spend most of your life working for money or have money working for you? Every money you save and invest earns more money for you. Every money you save and invest shortens the time between today and the day you reach the winner's circle. And every money you owe in debt lengthens the time it will take you to reach financial freedom. From a purely financial view point, its better to save money than to earn it, you are not taxed on what you do not earn. Every enduring financial fortune is built on a foundation of saving. Earning is not going to make you a fortune if you do not save. Inheriting millions is not going to keep you wealthy if you do not save. Investing will get there but you cannot invest where you don't save. The road to financial freedom runs through the heart of save city. there is no shortcut. there is no bypass. Are you and your spouse in the time/money trap? Are both of you working long hours to pay for a lifestyle you don't have the time to enjoy? Is there too much at the end of the money? Are your bills stressing you out? I have an important question for you: Have you considered spending less, saving more and just relaxing?

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