The Law of Saving: By: Brian Tracy


Financial freedom comes to the person who saves ten percent or more of his income throughout his lifetime.

One of the smartest things that you can ever do for yourself is to develop the habit of saving part of your salary, every single paycheck. Individuals, families and even societies are stable and prosperous to the degree to which they have high savings rates. Savings today are what guarantee the security and the possibilities of tomorrow.

Start With Yourself
The first corollary of the Law of Saving comes from the book The Richest Man in Babylon by George Classon. It is to “Pay yourself first.”

Begin today to save ten percent of your earnings, off the top, and never touch it. This is your fund for long-term financial accumulation and you never use it for any other reason except to assure your financial future.

Develop New Habits Regarding Money
The remarkable thing is that when you pay yourself first, and force yourself to live on the other ninety percent, you will soon become accustomed to it. You are a creature of habit. When you regularly put away ten percent of your earnings, you soon become comfortable living on the other ninety percent. Many people start by saving ten percent of their income and then graduate to saving fifteen percent, twenty percent, and even more. And their financial lives change dramatically as a result. So will yours.

Unbreakable Laws of Money
Never Worry About Money Again
Wouldn’t it be nice to never have to worry about money again? To be focusing on living the life you want to live instead of the daily grind?

YOU can have all of this.

I’ve created The Unbreakable Laws of Money Package to teach you the simple and easy-to-learn way to build your fortune and live the life you want to live.

I’m going to teach you the best ways to literally attract millions of dollars to you.

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Take Every Advantage
The second corollary of the Law of Saving says, “Take advantage of tax deferred savings and investment plans.” Because of high and even multiple tax rates, money that is saved or invested without being taxed accumulates at a rate of 30% to 40% faster than money that is subject to taxation. Self-made millionaires, according to Dr Thomas Stanley’s book The Millionaire Next Door, are almost obsessive about accumulating their funds in assets such as real estate, self owned businesses and equities that increase in value without triggering tax liabilities.

Invest in company pension and retirement plans, 401(k) plans, IRA’s, Keough Plans, Roth IRA‘s, Education Investment Accounts, stock option programs and whatever else has been approved by the IRS for long term financial accumulation. Make every dollar count!

Action Exercises
Here are two things you can do to apply this law immediately:

First, begin today to put away ten percent of your earnings. Set up a special account for this purpose and treat your contributions to this account with the same respect that you do your rent or mortgage payments each month.

Second, become a lifelong student of money. Read the best books, take courses and subscribe to the most helpful magazines. Know what you are doing so you can always make intelligent decisions when you invest your funds.

Million Dollar Habits “Become a Mil lionaire Simply By Changing Your Habits”
You can develop habits that will make you a mil lionaire. When you become a mil lionaire you’ll finally be able to buy that house, take that vacation, make that big purchase, and take care of your family and friends.

It sounds crazy – but it’s true.

Almost every self-made mil lionaire has strong financial habits. Habits that help them ear n money, habits that help them save money, and habits that help them to achieve their financial goals.

If you haven’t achieved your financial goals yet – You may not have the right financial habits.

Do you want to learn the habits that will make you a mil lionaire?
In my program Million Dollar Habits, I will teach you successful financial habits that will turn you into a mil lionaire.

Buy now and get my bestselling CD – For FREE!
I want you to succeed. So when you buy Million Dollar Habits – I will give you my bestselling CD – 21 Success Secrets of Self-Made Millionaires – absolutely FREE! This CD has helped thousands of people become financially independent.

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Best Sellers  |  New Releases  |  Books  |  Audio Programs  |  Video Programs  |  E-Books  |  Teleseminars
Brian Tracy has been empowering business professionals by sharing his knowledge all over the world. His techniques will allow you to reach your goals and achieve the unthinkable.
Copyright 2008, Brian Tracy International.
Brian Tracy International 462 Stevens Ave Suite 202, Solana Beach, CA 92075
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About klungiwe

Katherine Lungiwe is a Sales executive. One of my best quote is “If it’s going to be, it’s up to you”.

Posted on June 27, 2008, in Uncategorized. Bookmark the permalink. Leave a comment.

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