Our personality and lifestyles affects our ability to save. Most
every action we take (including those not immediately related to
buying something) is based on whether we are likely to spend
money or save money. We need to change our way of thinking.
Ask yourself this question: Do you believe you have saved money
when you bought the new pair of jeans at 20% off?
No you didn't! The problems lies with the fact money was spent
in order "to save money." After the transaction, you may have a
nice pair of jeans, but you also have less money to your name.
The concept of "Saving Your Way to Success" is based on not
spending to save or saving to spend but saving to save money--to
save, accumulate and become financially successful. You will
never reach financial success if your concept of saving is the
"Christmas savings plan" where you save money in order to save
money for Christmas shopping. That is not a plan for
saving--that is a plan for spending.
This does not mean it's bad to save money when you buy a new
pair of jeans, if you really needed the new pair of jeans. You
are being financially savvy if you can buy something at a
cheaper price than most people pay. But realize, you are
financial worse off, no matter what you paid, because you now
have less money. This is especially important if you trying to
get out of debt or are in your "infant years" of saving money.
Saving your way to success is about 80% personality and
lifestyle and 20% knowledge. You do not need to be a financial
guru or study dozens of investment books to become financially
successful. It matters little how much we know, if our daily
habits and lifestlye work counter to our goals of saving money
and accumulating wealth. By saving your way to success, you let
your money work for you. But you need to change your habits and
lifestyle. Start incorporating saving money into your daily
life. You need to start living like a John Frugal and not like a
William Spendall.
Start saving money with the goal of accumulating wealth and
achieving financial success. Don't fall into the misconceptions
of debt is good, stores sales that entice you to buy, buy, buy,
or "save money, buy now" gimmicks, or the traps of "get rich
quick" plans. Become financially savvy. Learn how to start
thinking like a saver. You should never have to spend money in
order to save money, especially if it is money you are saving
and accumulating with the idea of achieving financial success.
Start taking action NOW to become a saver, or change yourself
into a saver from a spender. If you are more of a William
Spendall than a John Frugal, it will take time to change course
and form the habit of saving, but you can do it! You can learn
more about changing your lifestyle at
http://www.savingyourwaytosuccess.com
About the author:
Justin P. Ertelt is the author of Saving Your Way to Success,
and owner of www.savingyourwaytosuccess.com, helping others
acheive financial success. Justin can be reached at
justin@savingyourwaytosuccess.com. To learn more visit
http://www.savingyourwaytosuccess.com
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