Saving:The First Move to Wealth and Financial Freedom
Based on the classic novel, The Richest Man in Babylon, fattening your purse or just saving is the first step to become wealthy and to financial freedom.
Perhaps your reasoning how to fatten your wallet or how to save if you have nothing left? Is it hard to save and fatten your wallet? Yeah there are numerous cases that your wallet is really fat but merely for a brief time period, perhaps within two days after you received your income or paycheck.
For most people, it is actually hard to save because they have many expenses and they don’t have the control to save even little portion of their payroll. My case is not dissimilar to many people in the past.
In the past, I only think spending money not saving. My excuse is that I have a regular income so I can have money each month through it, no need to worry on coming up short of money on my wallet or savings account. I only changed my thinking about money and saving when I almost loss my employment.
I am an OFW or Overseas Filipino Worker and as an OFW it is much hard to loss your job particularly when you are not prepared financially and mentally. At that moment, we don’t have any savings because we’re paying off for the mortgage of our house and lot.
After that event, I searched ways on how to save as well as on how to earn money aside from my current job. I begun reading financial books that engages in saving, investing and other alike subjects on money.
Happily, that’s my short story why I am now eager to help other persons on how to save and be financially anchored and in the end achieve financial independence. So let’s help each one and walk together in our journey!
So moving back, the question is how to conserve if you don’t obtain any money left? I think as long as you have job and getting a monthly salary, you obtain the capability to save if you get the DISCIPLINE. You need to be determined to save at least 10% of your income per month.
You can do this by automatic transmittal of your salary from your salary account to your savings account with no ATM card. You may apply for this utility if you’re bank has this feature.
In the Philippines, where my bank is located, I used for this utility which is truly convenient and hassle-free. So in conclusion, if you like to attain financial freedom and be wealthy, begin now to save!
Gily Tenorio is a blogger on finance, saving and investing. He loves playing guitar and reading books. He is now living in Korea with his family. For more information on how to open a BPI Bank account, please visit Financial Management , for more financial management information on saving, investing and make money online.
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