Saving money is one of the best things for yourself then can bring happiness in your life.
Saving money helps you in many ways, it gives you financial security, prepares you for emergencies.
Financial security is the best reason for anyone to start saving money at the earliest as possible.
Financial security gives you more power in every area of your life. It gives you more happiness, freedom to quit your job, try hand in your passion, or travel the world. And want to retire early could be the most inspiring goal of someone.
Most people unable to understand that how important to save money for the future and emergencies. They want to save money in the latter part of their life, and they don’t know or unaware of the importance of money in life.
People like delaying financial security by ignoring the saving part. Only people are aware of this thought or visionary people start saving money at the early stage of their life.
The moment when you decide to start saving money now, you will be ready to live the rest of your life with purpose, you will be happier and your productivity goes up when you have a genuine goal that motivates you, that excites you, and that is in your favor.
Tray new things, learn high-income skills to make money online because it gives you more power but at the same time you should be ready to face some obstacle on the way. You become limitless at that time and take new responsibility.
There are some periods its hard to save that time, maybe you are earning very less or living paycheck to paycheck, or high debt stopping you to save money, but you can save as little as you can.
There are some instruments that allow you to save as little as you can, like index funds and mutual funds. It could be hard to save money at that time, but you know the small amounts add up over time and become huge.
If you think that when salary increase, after paying off debt or reaching that point then will start saving but It delays you financial freedom or retirement, it’s a mindset not the amount of money decide to save.
If you are not earning enough there are some great ways you can do side hustle to increase your earnings.
Saving money is not earning money, it takes discipline and first of all decision of saving money nothing else, believe me saving money is one of the best decision of your life, you will realize this over a period of time when you achieve some goal or something odd happens in your life.
Why you should start saving money now you learn
For many people its egoistic, and some people don’t know how to save, there is ignorance, and not everyone can afford the professional especially when you have very little to save.
What saving instrument could be the best, but you know in this digital age its not so hard little bit research could help you on this matter. It’s not so hard as it seems.
Once you have come on a point you can start saving into your retirement account or stocks, now investing has become simple and easy the technology automates the things for you.
When you start saving it becomes easy for you and becomes a habit for you, this habit saves your future and helps you to create your future brighter and stress-free.
You can start investing with little money
Due to digitalization more and more people becoming minimalistic because there is a lot of proof on the web and people have realized that no need for extra stuff to live. Simultaneously you should create some passive income streams that allow you freedom.
And the world realized it in the corona pandemic that we don’t need useless stuff, we can live with joy without accumulating the luxury unless we afford it.
The novel coronavirus spread creates a new definition of living and people now choosing saving money rather than spending on unnecessary things.
That leads to spending thoughtfully instead of blindly. Which makes it easier for people to save money for the future.
You know Robert Quiasaki says that buy wealth, not liability. As he says people don’t know or not easy for them to differentiate between asset and liability. You know sometimes buy things on credit brings you to stress not happiness because of its liability that’s making you poor rather than rich.
I know everybody will not like the idea of minimalistic, it’s ok, it’s not for everyone. Think a thousand times do we need the stuff that we are going to buy, you will get the answer.
When you learn the art of minimalistic life, you will realize soon that you don’t need as much money as you thought.
Enjoy life not material
If you think that materialistic things can bring you happiness it’s a myth, but happiness doesn’t belong to money. Happiness is a mental state, not outside things.
I am not against spending money, rather than I in favor of saving money, you can spend money but a small portion of your earning should go into saving instruments.
People hate them who are frugal and saves money for the future, but it’s an ego of them because they don’t know the reality of life, or they don’t have any goal in life.
My point of view is simple here firstly save money then send and your life. It’s a consistent process. And spend the money you have thoughtfully or cautiously or in other words make a budget plan that works for you.
If you are not spending without thinking that’s not mean you are not enjoying, you have plenty of things to enjoy life, you can enjoy while maintaining your budget, go out with your family or friends. On vacations or a trip if your budget allows you.
Going out once in a month not harmful, but if you’re eating lunch outside daily can be harmful to your financial growth. Home-cooked food not only a healthy meal for your health but also healthy for your economic health.
Instead of spending money on expensive vacations, there is a budget option also that saves money.
Save For Exponential Growth
In my opinion, everybody should learn how to save money, and saving money is a wonderful thing in one’s life, especially when you starting out your saving journey.
And Exponential growth, not a quick thing you do, it takes time and consistency to accumulate money on a monthly basis to grow your money.
Exponential growth is the most amazing thing you can’t ignore it if you have understood the true meaning and importance of it in life.
When you save a good amount of money over a period of time, you can turn that money into a much larger amount, initially, it takes years to accumulate a significant amount but after reaching a point it grows exponentially.
Some people don’t understand the true potential of saving and keep their money in checking accounts, they never invest in growth instruments.
If a person earning less and don’t follow a saving rule, he could never be financially free, or take the advantage of that can avail them by money, if you have not followed the saving rule.
On the other hand, I have seen people who start saving early get the financial freedom with little saving every month they accumulated huge money over a period of time, and now they are enjoying life fully.
Its the money that gave freedom to quit a job, allow you to take early retirement or enjoy life or starting a business, because its free money your personal capital, that gives you freedom of time and location, you can do whatever you want.
Stop wasting your money
You should not spend all your money because you are able to that’s not a valid reason, you should save money, respect money and that attitude bring you more security and peace of mind.
Saving money takes just your decision when you start saving money for the future, you are closer to your freedom.
Then no need to live on paycheck to paycheck just think about it, just the imagination of this will bring you peace of mind, and when you will achieve in reality, your life will transform forever.
Taking the first step towards saving money better than not taking that step.
Don’t allow anyone to dictate how you live
Its good to make a goal and take action to achieve it, but if you are influenced by others after seeing their lifestyle, their way of living, their car, don’t follow them blindly.
It’s ok if they can afford that, firstly start earning that much money so that you can achieve the things they are enjoying and if you are not able to afford those things you should never follow them.
You don’t know how they have bought the things, maybe they can afford, or maybe they are in debt, and we don’t know the actual thing about them.
Think about your goal how will be your financially free life, do you love your job or want to do your job whole life, I am sure the majority of people don’t like a job.
Do you want a free life or debt in life you decide and it should start from today not later in life. I am sure nobody wants debt in life than stop making excuses and start saving.
Spending lessor brings you freedom sooner
Spending less gives you more room to save which means you can reach freedom sooner. You can save more for an emergency fund, retirement, and your freedom.
It’s in your favor if you are living a frugal lifestyle, it’s not lacking it’s a way of life to reach your retirement goal fast instead of later.
And this habit of saving save you to do wrong decision in life that can harm you or you regret.
So if you earning enough money then you should start investing more so that you can reach your life goal sooner. And that is a great feeling to achieve in reality gives more confidence and fulfilling life.
Time is not constant
If you are thinking that I am earning a good amount of money from a job or business, it may on peak but all days not the same, you never know how long your job or business will last because there is no certainty in life.
A recession can come like these days pandemic spread all over the world due to that millions of people lost their job, businesses closed, could be anything.
Nothing is secure and safe just on reason can stop your earning and you are on the road if you have not saved.
There could be emergencies in the nation or your own physical illness encounter or any other reason.
Nothing is permanent that’s the main reason people save money for emergencies.
So instead of spending every penny, you should start looking the ways to save money.
Starting to save money now will change your life forever and you should adopt that attitude. Saving money is a mindset and a way of looking at life, and to save we need courage and discipline.
It’s a hard thing to do but it will give greater results in later of your life you will enjoy it. And in the process, you become strong and ready to face any challenge. And you feel more peaceful and joyful.
By learning to save for the future you will make a smart decision that supports your whole life in every situation. Always be happy with what you have and prepare your mind accordingly.
And there is any reason to save money now, you will feel proud later on this decision you are going to take today.