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What is the right vs wrong way of saving

Posted by Arthur Peter on

What is the right vs wrong way of saving

I remember one of the richest investors Warren Buffett talk about this concept:

How to save money!

What Warren is saying .. if you want to save money it has to be your priority. The first thing you do when you receive money is set aside
5%-10% of your income to invest.

Once that has been deducted .. the rest is there to pay bills. Don't do it the other way around. If you wait with saving after you paid all your bills .. you will never get to save any money.

If you would start doing that on a monthly basis .. by the time you retire you don't have to worry about your pension. There will be plenty of funds available.

The book that really taught me this principle and changed my life:

The Richest Man in Babylon
George S. Clason

The Richest Man in Babylon is a short story .. fiction .. with a lesson on how to save money and eventually make a living.

When you would apply the principle in your life
It will change your life.

So invest a few bucks and buy that book. You can buy it on my site or buy it on another site.

Read it, digest it and apply it.

Your life will never be the same again!

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