Skip to main content

Importance of saving money

There are opportunities on every corner but they exist only for those who have ready money, or who can command money because they have formed the habit of saving.

Generally speaking, this is the attitude that the world takes toward all those who save money.

It often happens that a small savings account of no more that two or three hundred dollars is sufficient to start one on the highway to financial independence.

Love and justice are the real arbiters of all disputes. Give them a chance and you will no longer want to defeat a brother sojourner by the wayside of life.

There may be times when you find that, even having saved money, it is difficult to persuade others to back you, simply because your vision is greater than theirs.

It may seem a cruel fact, but it is a fact nonetheless, that if you have no money, and have not developed the habit of saving, you are out of luck as far as availing yourself of the opportunity to make money is concerned.

It can do no harm to repeat in fact it should be repeated over and over again that the real start of nearly all fortunes, whether great or small, is the formation of the habit of saving money.

Get this basic principle firmly founded in your mind and you will be well on the road toward financial independence!

It is a sad sight to see someone who is well along in years of self sentenced to the wearisome treadmill of hand labor because he or she neglected to form the habit of saving money when they were younger.

The greatest things in life is freedom! but there can be no freedom without a reasonable degree of financial independence.

It is a terrible thing to be compelled to be at a certain place, at a certain task for a certain number of hours every working day of the week, for a whole lifetime. In some ways this is the sane as being in prison since one's choice of action is always limited. It is really no better that being in prison with the privilege of a "trustee" and in some ways it is even worse because the person who is imprisoned has escaped the responsibility of providing themselves a place to sleep, something to eat, and clothes to wear.

The only hope of escape from the lifelong toil which curtains freedom is to form the habit of saving money and then live up to that habit, no matter how much sacrifice it may require. There is no other way out for millions of people, unless you are one of the rare exceptions, This lesson and all these statements of fact are meant for you and apply to you!

Neither a borrower, Nor a lender be; For load oft loses itself and friend, And borrowing dulls the edge of husbandry. This above all; to thine own self be true, And it must follow, as the night the day, thou cant not then be false to any man
-Shakespeare

Comments

Popular posts from this blog

 All great leaders in every walk of life are highly sexed, but they follow the habit of controlling their sex desires, switching them into a driving force behind their occupation. The person who has self discipline understands the emotion of sex, respects it, and learns to control and transmute it into contructive activities. Q: Just what damage is there in over-indulgence of sex? A: The greatest damage is that it depletes the source of man's greatest driving force, and wastes, without adequate compensation, man's creative energy. Controlled sex supplies the magnetic force that attracts people to one another. It is the most important factor of a pleasing personality. It gives quality to the tone of voice and enables one to convey through the voice any feeling desired. It serves, as nothing else can serve, to give motive power to one's desires. It keeps the nervous system changed with the energy needed to carry on the work of maintaining the body. It sharpens the imagination...

SURVIVE THE LEARNING CURVE

 Those who can give trading more time when they start have a better chance to succeed. you must be patient. But your time will come. At the start of your trading, you should trade with small size and with one stock. You should not increase your tier size until you are positive 7/10 trading days. You should set a small max loss when you begin. You should be limited in your buying power. For example, when a new trader begins, he should not write more than 10k shares in a day, total. you are not going to be a great trader on Day One Gladwell explains, “Working hard is what really successful people do.” t deep practice, often with continuous feedback, is necessary to become great. Concentrated practice is key Daniel Coyle in The Talent Code: Greatness Isn’t Born. It’s Grown. If you want to be good at something, practice. Practice deliberately, and do so for many years. FOCUS ON IMPROVING EVERY DAY “I know of no more encouraging fact than the unquestioned ability of man to elevate his l...

The Secret to Self-Control

 If you’re overweight, a smoker, or an addict, you’ve been told your entire life that it is because you lack self-control—maybe even that you’re a bad person. The idea that a little bit of discipline would solve all our problems is deeply embedded in our culture. When scientists analyze people who appear to have tremendous self-control, it turns out those individuals aren’t all that different from those who are struggling. Instead, “disciplined” people are better at structuring their lives in a way that does not require heroic willpower and selfcontrol. In other words, they spend less time in tempting situations. The people with the best self-control are typically the ones who need to use it the least. It’s easier to practice self-restraint when you don’t have to use it very often. So, yes, perseverance, grit, and willpower are essential to success, but the way to improve these qualities is not by wishing you were a more disciplined person, but by creating a more disciplined enviro...