There are three general ways to make wealth– work for more money, grow the money you have and/or save the money have.
These three are important: you should do them all. However, saving more money guarantees wealth than the other two. This is because saving has to with controlling what’s already within your power, but working for more and growing what you have is somewhat out of your control.
Moreover, saving gives you the opportunity to grow your money, invest and make more; so it has an effect on the two.
Many people understand the value of saving money, but only a few people save their income. Do you know why? Saving is hard work. It is not a natural inclination of a human; only the disciplined ones can save, and that’s why there are more poor people than wealthy people.
I advise you to deliberately put a percentage of your earnings in savings and investments. Do not let anything go out the door. Rick Warren counselled: “Regardless of how little your income is, you need to learn to live on a margin. You need to live on less than you make so you can put away some to save. God says that’s being responsible”.
Coach Emmanuel Shaibu will always say, “the quickest way to save is to cut down your spending.”
The wise have wealth and luxury, but fools spend whatever they get.
Proverbs 21:20 NLT
Take the discipline to start saving today