When going through difficult times, to even think about saving some money is almost an utopia. But it may be the best option when thinking about a brighter future. We introduce you to five quotes about the importance of money saving.
“Save money and money will save you.” – Unknown
Money could save you, if your first saving goal is an emergency fund large enough to handle serious, unexpected expenses, such as a costly car repair or medical bill (or both at the same time). An emergency fund can also tide you over for a while if you lose your job and need to hunt for a new one. So imagine the sense of relief this will give you.
Money could save you in so many ways. It saves your retirement plans, it saves you from keeping that job you hate, it saves you from boredom, from instability, and the list is endless.
Learning to save money is an essential habit you simply need to employ to gain financial fitness and step toward financial freedom. Many of you feel like you don’t earn enough to save but if you create a budget and look to reduce your living expenses you can, without a doubt, find the money that will allow you to start saving.
The secret to saving is to start early and save often. Create a savings plan so you can manage your money and stick to your goal.
"An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return. Operations not meeting these requirements are speculative" – Benjamin Graham
To become a successful investor, ideally, you should have a knowledge base as broad as possible. Research and learn about all you need: theory, practice, risk factors, when, where and how to invest, everything. So you can be really sure about the steps you make in your investment schemes.
So real investors are people who are prepared, confident, willing to take every learning opportunity, and succeed in every move. Of course, there will always be an error margin, but we must make it as narrow as possible, because we are not talking about a meaningless risk, but about the money you have earned with effort, and it's part of your most valuable possessions.
Most investors should avoid speculative stocks unless they have the time to dedicate to research, while traders should be sure to use risk management techniques when trading speculative stocks to avoid sharp declines.
“A penny saved is a penny earned.” – Ben Franklin
People's fortunes don't build themselves, or overnight as it seems. Everyone has their own story, but most people collected everything they have today, step by step, with a lot of effort and work. As simple as it may seem in some movies, stories where you win the lottery or an inheritance from your great-grandfather, this is quite unlikely.
If you want to believe that is possible for you to be wealthy someday, you need to make your plan and start working today, because it can be a really long way. You must change your habits, lifestyle, way of thinking, and gradually learn techniques to save money, the stricter the better. You'll realize that every penny saved, counts.
There are months when you don't have the opportunity to save a large amount, because of the amount of expenses and responsibilities that are a DUTY more than anything else, and this can discourage you. But you must keep in mind that it doesn't always have to be a high amount, there are many ways to save and that is what you should investigate.
Looking for the most economical alternatives, through coupons and promotions, cutting down on unnecessary expenses, avoiding non-urgent purchases, and thus, when you realize you’ll have saved yourself a considerable amount.
“You must gain control over your money or the lack of it will forever control you.” – Dave Ramsey
The lack of money could be a huge problem for any person. The limitations this brings, are something no one wants to experience. If we don't take our money situation seriously, and even more at an early age so we can organize ourselves and make plans based on this, the future consequences can be terrible.
We are talking about the fact that lack of money can control you in so many ways, not only based on your future plans, but in the present, due to debt, not having access to many things, there are always bills to pay, the feeling that money is not enough for you, all those things can generate a lot of stress and cause you to live an unhappy life.
So while you can, take control and do everything you need so money will never be absent, generate a strategic business plan, think intelligently about your present and also your future, and best of all, start adopting habits, there is nothing as forceful as facts. Before the lack of money becomes irreversible in your life.
“If saving money is wrong, I don’t want to be right!” – William Shatner
Saving money helps you live your best life. The way you save (and spend) your money should align closely with your values. There are many reasons why saving money is important, it helps you stress less about money, it can improve your health, it helps you make better decisions, saving allows you to do what you love, and it also helps you set a good example for your children.
Part of the importance of saving money is to build cash reserves so you can take calculated risks with less worry. If you don’t have any savings, it may be harder to pursue certain passions. Take starting a business, for example. To be a small business owner, you’ll need financial backing to get it off the ground.