Cultivate the discipline of saving if you wish to become a millionaire

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Cultivate the discipline of saving

Cultivate the discipline of saving if you wish to become a millionaire…

1. Open your Financial Freedom bank account, today. Put 10% of all your income (after taxes) into this account. The money is never to be spent, only invested to produce passive income for your retirement.

2. Create a Financial Freedom jar in your home and deposit money into it every day. It could be Rs. 50, Rs. 20, Rs. 10, or even all your loose change. This will put daily attention on your financial freedom. Remember, where attention goes, results follow.

3. Open a Play account or have another Jar labeled Play where you deposit 10% of all your income.

4. Along with your play account and your financial freedom account, open four more accounts. Deposit the following percentages into each as follows:

✓ 10% into your Long-term Savings for Spending Account.

✓ 10% into your Education Account.

✓ 50% into your Necessities Account.

✓ 10% into your Give Account.

5. Whatever money you have, begin managing it now. Do not wait another day. Even if you have just Rs. 100, manage that Rs. 100. Take Rs. 10, and put it into your FFA jar, another Rs. 10 into your Play Jar. This action alone will send a message to the universe that you are ready for more money. Of course, if you can manage more, manage more.

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The detailed report is compiled using the proprietary research notes that I have written over last two decades.