Financial Wealth - KEY #3 of your "master key"
Alright, here’s the last entry of this short series on the “master key” to wealth. Earlier, I gave you KEY’s #1 and #2 and today is the final one, KEY #3 to opening the door to greater wealth and freedom from debt.
KEY #3 – Save
Surprised? When I presented this key to a room of business professionals, the comments of disappointment I received afterward were not surprising but they were disheartening nonetheless.
They were expecting something much more magical, or immediate. Saving is neither, which probably explains why none of these “professionals” were wealthy. Let me explain why I said “Save” and maybe that will help clear things up.
Some might say real wealth is in the stock market, or real estate or even eBay, but the truth of the matter is, how are you going to invest in the stock market, real estate or eBay if you haven’t saved anything and got no cash on hand?
Further, won’t you be better prepared for next great investment deal with a chunk of change in the bank? Turn a savings account into an “emergency fund” and that also becomes your auto insurance and medical “deductible” as well.
The bottom line is, by spending less than you make and not borrowing, you are able to put your money away, invest it, grow it, and by doing so, you will become wealthy, with time. Money doesn’t grow on trees as they say, so you have to save it and turn what you have into the wealth that you want.
So that’s it! If you can use these keys together at the same time; 1) spend less than you make, 2) don’t borrow, and 3) save, you will be well on your way to achieving your financial goals.
Get started today!
KEY #3 – Save
Surprised? When I presented this key to a room of business professionals, the comments of disappointment I received afterward were not surprising but they were disheartening nonetheless.
They were expecting something much more magical, or immediate. Saving is neither, which probably explains why none of these “professionals” were wealthy. Let me explain why I said “Save” and maybe that will help clear things up.
Some might say real wealth is in the stock market, or real estate or even eBay, but the truth of the matter is, how are you going to invest in the stock market, real estate or eBay if you haven’t saved anything and got no cash on hand?
Further, won’t you be better prepared for next great investment deal with a chunk of change in the bank? Turn a savings account into an “emergency fund” and that also becomes your auto insurance and medical “deductible” as well.
The bottom line is, by spending less than you make and not borrowing, you are able to put your money away, invest it, grow it, and by doing so, you will become wealthy, with time. Money doesn’t grow on trees as they say, so you have to save it and turn what you have into the wealth that you want.
So that’s it! If you can use these keys together at the same time; 1) spend less than you make, 2) don’t borrow, and 3) save, you will be well on your way to achieving your financial goals.
Get started today!
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