Habits Make The Man, That Came from the Boy

Either wake up early or go to sleep late.

You Think Saving Money is Difficult; Listen to this

Saving money is by far the number one thing that most people are disparately seeking to day on a daily basis. That idea is evident in the way stores, websites, and whole sales or mom and pop stores market their products. The list goes on and marketing takes place, but what I would like to do today is give people a fighting chance against a storm or competition that seeks to capture your interest. And they do simply because they want to make and save more and more money just like you, because like many of us they have also started from the bottom. They are seeking to expand on the phrase “time is money”.

Time is money – you wake up to go and spend time at a job that in return pays you money for the number of minutes, hours, days, weeks, months, and years you work. This is the simplest technique of them all. You go for one hour and cut grass and you make 25 dollars.

The saving processes the higher, economically stable, class teach their kids that the middle and lower economic class do not. It is the easiest step that forces people to pay closer attention to their finances. And this plan doesn’t work if you don’t develop a discipline that makes you sensitive to actually desiring to your money. 

1.     Develop 3-5 different free checking and/or savings accounts. And I mention develop because you want to have money that can open accounts based on the requirements of a bank. This includes having account types for either savings or checkings that actually pay you high interest payments because you have business with them…

a.     Online banks I mention because it offers you more than just the little a community bank can offer. I like to look at it like a grocery store within a community. Sometimes it doesn’t offer great produce but because you have the option of a larger audience more quality will present itself with that online business.

2.     Join a credit union for the community it has to offer.

3.     Have 3-5 credit cards that you can utilize. And this is mainly ideal so that you can manage a great utilization ratio. And also, so that you have more perk offers throughout a given year that you may take advantage of i.e travel, gas, groceries, cash back.

a.     Become a loyal customer with a favorite place.

4.     Build your own factory –

a.     Building your own factory takes time. But once that structure is in place you are able to produce more products that become almost automatic. And like Ford cars for example; you can produce thousands of cars within just 4 hours; making your time worth more money.

So, how do You “Build Your Own Factory”

1.     Start with an option or options to make money using your time. Use this as a fall back plan and a plan that offers you protection such as insurance - like a good credit score.

a.     A good credit score can get you great deals, or get you qualifying moneys needed at a moment’s notice.

2.     Make a sacrifice. Like most military personal today, they go away for a year. And for me that process can be used at its simplest terms. Go on a hustle and make that sacrifice to save money extremely for a year or two.

3.     Make the money you gain work for you.

a.     Pay someone to mentor you.

b.     Invest in a Dividend paying company.

c.     Drop sell something that you purchase all the time.

d.    Start a savings group, with people you trust with an agreement.

4.     Save money automatically

And enjoy watching you money grow!!!