Become a Money Saving Expert | Brian Tracy

Become a Money Saving Expert | Brian Tracy

How to Become a Money-Saving Expert

The Importance of Saving

  • Emphasizes the principle of "paying yourself first" as a foundational strategy for saving money.
  • Quotes Brian Tracy and W. Clement Stone on the significance of saving, highlighting that part of what you earn is meant to be kept.

Setting Savings Goals

  • Advocates for saving at least 10% of your income throughout your working life, illustrating that even minimal savings can lead to significant wealth over time.
  • Discusses the necessity of determination and willpower in developing a lifelong habit of saving; stresses writing down goals and creating a savings plan.

Managing Expenditures

  • Advises questioning every expenditure and delaying important purchases to improve decision-making and avoid impulse buying.
  • Introduces Parkinson's Law, explaining how expenses tend to rise with income, leading many to financial struggles.

Building Your Savings Plan

  • Suggests starting with 1% savings from income, gradually increasing it as comfort grows; emphasizes living on the remaining 99%.
  • Highlights that consistent savings will lead to better control over finances and pave the way toward becoming financially independent.

Becoming Financially Educated

  • Encourages setting up a dedicated account for savings and treating contributions seriously, akin to paying rent or mortgage.
  • Urges continuous learning about money management through books, courses, and expert resources; stresses never stopping the pursuit of financial knowledge.

Call to Action

  • Invites viewers to share their own money-saving tips or techniques in the comments section; concludes with an encouragement from Brian Tracy about taking immediate action for future change.
Video description

Resolve today that you are going to save and invest at least 10 percent of your income throughout your working life. Take 10 percent of your income off the top of each paycheck each time you receive one and put it into a special account for financial accumulation. http://bit.ly/2xDqeQ2 Starting this early in life will ensure that you become a millionaire before you retire. Are you an entrepreneur? Download my FREE Guide, Way to Wealth by clicking the link above. ___ Learn more: Read my blog post on Inspirational Quotes: https://www.briantracy.com/blog/personal-success/inspirational-quotes/ Give me a follow on Clubhouse! @briantracy — see you there! Subscribe to my channel for free offers, tips and more! YouTube: http://ow.ly/ScHSb Facebook: http://www.facebook.com/BrianTracyPage Twitter: http://www.twitter.com/BrianTracy Google+: +BrianTracyOfficialPage Pinterest: http://www.pinterest.com/BrianTracy Instagram: @TheBrianTracy Blog: http://bit.ly/1rc4hlg pay yourself first, save money, save 10 percent, invest 10 percent, self made millionaire, how to get rich, how to become rich, how to save money,