Key to Savings

I am going to share with you the key to unlock your ability to save today.  And here it is, use your emotions. You will not save when you get a raise, you won’t save when you get something paid off, you won’t save when something in life changes. You will save when it becomes VERY important to you.

Let me show you what I am talking about. I have heard speakers use this example and it is a good one. What if I posted on this blog, “Breaking News: A Disease is spreading that is wiping out children!” Then I told you that there is a vaccine that you had to get for your child within the next 9 months or your child will be gone. This vaccine costs $10,000 and you cannot use $10,000 of your relatives’ money and you can’t use $10,000 you have had saved up. How many of us could get that money to save our children?

You are thinking “I’m gonna get an extra job”, “I’m gonna sell some things”, “Have a garage sale”, “I’m gonna change some things”, “Get on a budget”, “This is serious, this matters.”

My point is this IS serious and this DOES matter. The average Japanese family saves 18.1% of their household income, where the typical U.S. family saves a NEGATIVE 2.2%. Yeah that’s negative, that’s debt.

We are all destined toward retirement and we are not getting this money thing.

If you are going to save you have to start paying yourself first. My 1st three things that I recommend people do when planning for their money is 1.) Give 2.) Save 3.) Basic Necessities

You need to get those 3 things taken care of before you pay for your HD cable package or plan your eating out fund.