Saturday, July 23, 2011

STEPS TOWARSD DEVELOPING THE SAVING HABIT

In line with my promise in my last article, that I will outline steps to help you save a portion of your income, this article will be dedicated for that purpose. I hope you will enjoy reading. Before I go on however, I will like to stress the fact that it is not enough to read this article, you must put into practice what you will read in order to effect a change in your financial fortune. I know you are interested, the steps are as outlined below:


Always plan your expenses for the month: If you have been working for sometime, it should be easy for you to estimate amount needed for your basic needs for the month. When you make your plan, always do it in such a way that you still have at least 10% of your money for savings. A reference book for this information, which I think you should read, is the book titled THE RICHEST MAN IN BABYLON. It explains in details all about “paying yourself first” which is another term for saving.

Avoid impulsive purchases: It is common for people to buy things they did not budget for. This happens impulsively and financial resources are wasted as a result of this. One needs to be disciplined to avoid impulsive purchases that waste resources. It is important to develop the right mindset for this to be possible. Read about the correct mindset here .

Make saving an expense: When planning your expenses for the month, experts advised that saving should be one of the things you plan for . It should be planned as part of your expenses for the month. If this is done correctly, you will not struggle with how to remove this amount dedicated for saving anymore. Little drops of water makes a mighty ocean, as you continue to practice these steps you will eventually become debt-free and financially prosperous.

Be disciplined: I have come across people who are interested in being rich and prosperous but they lack the discipline required to make this happen. They dream of six figure income, but find it difficult to achieve their aim. Read about the simplest way to avoid this problem here. It is very true that without self discipline to follow your plan, saving will be impossible and you will still remain in debt. Out of the four steps outlined here, the issue of discipline is the most crucial; therefore do everything possible to attain self discipline. Thanks and God bless.

HOW TO COME OUT OF DEBT AND BE FINANCIALLY FREE

Are you really interested in being rich? Do you want to come out of debt? I will reveal a short way to make this possible. Before I discovered this secret I was always struggling to meet my financial obligations. I began to solve my financial problems when I came across a book titled THE RICHEST MAN IN BABYLON . You may click on the name of the book to have a look. According to the author of this book, the first step towards financial freedom is the practice of saving. It is customary for individuals to spend all the income they obtain within a month. This is the reason why the majority of people are struggling to meet their financial obligations. Let us think about it. Is it possible for a man to have financial breakthrough, who spends everything he makes within the month? Such an individual can never have financial freedom. He will perennially be short of money. Therefore, the first step towards financial freedom is to cultivate the habit of saving a portion of what you earn within the month. If you are interested in creating a six figure second income follow this link to get the secret. I know some people may complain that the money they make is small, but remember that if you cannot save when your income is small, you will not be able to save even when you are receiving a big income. This is because there is a law that says that your expenses will always increase to be equal to your income. In other words, as your income increases, so also shall your expenses increase. You can disobey this law by deciding to save a portion of your income. Note also that a financial expert says that if you cannot save a portion of your income, the seed of greatness is not in you. I can attest to the effectiveness of the habit of saving as a solution to problem of lack of money because I can see outstanding results since I started saving a portion of my money. Do you want to develop a millionaire’s mind set? Click here to see what I am talking about.. In subsequent articles, I will give you tips to help you in saving a potion of your income. Thank you for sharing your time with me.

Friday, July 15, 2011

STEPS TOWARSD DEVELOPING THE SAVING HABIT

In line with my promise in my last article, that I will outline steps to help you save a portion of your income, this article will be dedicated for that purpose. I hope you will enjoy reading. Before I go on however, I will like to stress the fact that it is not enough to read this article, you must put into practice what you will read in order to effect a change in your financial fortune. I know you are interested, the steps are as outlined below:
1. Always plan your expenses for the month: If you have been working for sometime, it should be easy for you to estimate amount needed for your basic needs for the month. When you make your plan, always do it in such a way that you still have at least 10% of your money for savings. A reference book for this information, which I think you should read, is the book It explains in details all about “paying yourself first” which is another term for saving.
2. Avoid impulsive purchases: It is common for people to buy things they did not budget for. This happens impulsively and financial resources are wasted as a result of this. One needs to be disciplined to avoid impulsive purchases that waste resources. It is important to develop the right mindset for this to be possible. Read about the correct mindset here .
3. Make saving an expense: When planning your expenses for the month, experts advised that saving should be one of the things you plan for . It should be planned as part of your expenses for the month. If this is done correctly, you will not struggle with how to remove this amount dedicated for saving anymore. Little drops of water makes a mighty ocean, as you continue to practice these steps you will eventually become debt-free and financially prosperous.
4. Be disciplined: I have come across people who are interested in being rich and prosperous but they lack the discipline required to make this happen. They dream of six figure income, but find it difficult to achieve their aim. Read about the simplest way to avoid this problem here. It is very true that without self discipline to follow your plan, saving will be impossible and you will still remain in debt. Out of the four steps outlined here, the issue of discipline is the most crucial; therefore do everything possible to attain self discipline. Thanks and God bless.