The importance of the universal law of saving can not be emphasized enough.
We all know we should be saving, so much so, it almost sounds cliché at this point, but when we look at the statistics and see that 76% of people are living paycheck to paycheck, It becomes very clear that a vast majority doesn’t have any money left over to actually save at all.
When we talk to new members in our community majority says, yea Brian, I get it I’d love to save, but see you don’t understand, I can barley afford my monthly expenses, how can I afford to save?
I always respond very blunt with, no one can afford not to save.
Then I give this very straight forward analogy to drive the point home,
If you heard there was a money machine in the Grocery store parking lot that spits out money and you can grab as much as you want but once the machine runs out its over.
Where would you be in the line of people waiting to grab the money coming out of the machine?
If your anything like me you’d probably be camping out with sleeping bags for a few days before the machine is fired up to make sure you are first in line to grab the most money.
Well guess what YOU are the “money machine”. Every Month you bring in money and then it is dispersed or in most peoples case disappears.
Where are you in the line?
Well if your like the 76%, your not even in line at all.
Didn’t you work for it? Why are you not in line to keep some of it?
Housing expenses, Transportation expenses, Phone bill, Cable bill, Food, Entertainment, all these companies are in line before us. We just figure,
we will save what ever is left over.
when we plan to save whats left over, you know from experience, there is never anything left over.
We Must PAY OURSELVES FIRST.
We must be first in line when the money comes in before it’s dispersed.
What I’ve Realized as of now, the vast majority aren’t saving because they don’t understand the importance/significance.
They know they should be doing it, just like they know they should be flossing, but they don’t know why they should.
I don’t know about you, but for me, I don’t take action, unless I have a strong enough WHY.
Majority says to themselves, I can’t take my money with me when I die, why say no to myself. If I want something today, Im going to get it because I don’t know if tomorrow will ever come.
When I get that promotion, I’ve been working so hard for, I’m going out right away and financing the bigger home and the nicer car.
Is that why you worked so hard? For a nicer Car or bigger home?
Then more fuel is thrown on the fire when you take into account the majorities distorted perception of how wealth is created,
Majority thinks, “rich people are greedy and evil”, They say, Im not greedy and evil, so they SPEND, SPEND, SPEND every last dime.
If I become rich how will I be viewed by everyone around me? I have to physically work hard to produce income. or What if I save all this money and then loose it all? What will they say about me then?
All these limiting believes limit our realities. These Fears directly sever the flow of abundance that the universe wants to give each and everyone one of us.
So now for the reason WHY we save our money.
We save our money because it can work harder than we can ever work. Money properly employed works 24/7, 365, No breaks for food or to rest.
Picture this, a life where your money pays you enough to cover all your expenses and still continues to grow.
Now when we look at it that way. That bigger house can wait. That fancy car, we can put on hold. Because we just learned, if we have money first saved then properly invested, we can buy all that stuff with the money our money makes and not have to go to work in the morning to pay for all of our expenses.
The ways of the past are just that the ways of the past. 65 and retire with a pension has gone the way of the dinosaurs.
The baby boomers are the last generation to possibly experience this way of life and most of them wont. Look around at how many people you see that are in there 70’s working at Walmart. If you think your going to slot away 40 years, 40 hours a week and show up at 65 ready to retire you are sadly mistaken.
But start saving now at 20 years old and you can easily have enough passive income by 30 to not have to work a Job ever again.
Interesting enough what are majority of people doing at 20 years old?
Oh Thats right, binge drinking, smoking pot and taking out a huge amount of debt in student loans.
To hopefully get a Job?
If you are new to our community, you might not be familiar with the cash flow quadrant, so before making reference to it let me show you what it is,
The cash Flow Quadrant depicts the 4 ways in which cash flow can be produced.
Wait, wait, wait, so you mean to tell me that a Job is the least efficient way to earn money and people are spending their future going into debt to maybe have the opportunity to get a job one day.
ARE YOU KIDDING ME????? WAKE UP PEOPLE!!!!!!!!!!!
$200,000 in debt to get a “good job” ask a business owner what a good job looks like? After they get off the floor from laughing, they will most likely state something like, “there are no “good jobs.”
Lets look at the word it self J.O.B.
Do you know anyone who has gotten freedom from working a JOB?
No obviously not.
How can we ever be free if we are renting our time for money?
In a Job in order to produce income, we need to be somewhere doing something. Its not you its the vehicle you are in. You are a hard-worker, I know you are, you wouldn’t be here if you weren’t. Hard working is not enough to gain freedom if your working in the wrong quadrant.
Profits are better than wages.
Wages make you a living, Profits make you a Fortune.
The only way to become free while working a Job in todays world is to save enough money in investments that the lump sum of money at a 5% annual distribution will cover all your basic needs.
So in order for your money to pay you $50,000 a year, which is probably more than what your expenses are, you will need $1 million dollars in the proper investments.
How do you save a million dollars?
Save and Invest $1,000 a month for 20 years.
Wait hold on a minute?
Are you saying if at age 20, If I start saving $1,000 a month by the time I’m 40 I’ll have a 1 million dollars and be able to withdraw $50,000 a year. All while the million continues to compound year after year.
YES YES YES YES YES YES!!!!!!!!!
So now how much sense does it make to get out of school at 22 years old with over 100k+ in student loans (if you went to a state school) and stuck paying the bank or government back $800-$1,000 a month plus interest for the next 20 years.
1) Ending up at 42 just finally getting out of debt
2) At 40 free to do what ever you want and not have to worry about personally generating income EVER AGAIN.
Which one do you choose?
Now we are at a crossroads you are either saying, well thats nice but I’m not 20 or I already told you, I barley have enough for my expenses, $1,000 a month, yea right, I can never save that.
If your not 20 thats ok you still have plenty of doubling periods BUT you better get started NOW!!!!!!!!!!!!!!!!!!!!!
and there are two ways to save a $1,000 a month cut expenses or increase income.
Im sure your saying, how do I do that, I don’t want to go without and my Job definitely isn’t going to pay me anymore.
THIS IS WHY WE CREATED THE FINANCIAL FREEDOM CREATOR.
To assist with both key aspects of Freedom Creation.
1) Cut monthly expenses without cutting down services or quality.
2) Increase our members income and show them where to invest.
Fill out the form below and hit the subscribe button to be contacted by a Financial Freedom Creator Consultant Today! You cant afford to wait.
Fito - July 28, 2015 at 1:22 pm
You really got me thinking with this post man…
I mean, you nailed it from begining to end.
Im currently 39, and been on the rat race since I remember. In the last time I have been in the look for something different, to gain my financial freedom.
I really like your enthusiasm in this post, I will dig into your website to see my options, since you kind of you blew my mind away 🙂
Brian - July 28, 2015 at 1:40 pm
Thank you for your kind remarks, It greatly pleases me to read your feedback. This is what we at the Financial Freedom Creator are setting out to fix. We want to set the record straight wealth/freedom isn’t created by the role of the dice. It is guaranteed if we follow the universal formula. But where was this formula taught? definitely not in school. At 18 if I told my parents and friends I wasn’t going to college because I wanted to create wealth they would call me CRAZY. (the same people that say save your pennies) lol Save your pennies but finance your future for a Job lol. Don’t rent your home for a fancy car, rent your time to finance a home from the bank. The teachings are very misleading but i am very grateful for that because it has created an abundance of opportunity to spread the truth. We wonder why the wealth gap keeps getting bigger and bigger lack of REAL education. The older I get, the more I realize, when the majority is calling you crazy your on the right path. Stay blessed Fito. If you like, You can schedule a free call with one of our consultants or subscribe to our weekly wealth correspondence which includes exclusive information on generating passive income. Best wishes see you around.
Chris - July 28, 2015 at 2:09 pm
Fantastic article. You covered some very important points. Like paying yourself first. This is what the rich do, they save money first then spend what’s left over where the poor do the opposite.
Another thing you touched was compounding interest which Einstein said was the eight wonder of the world. The rich make their money work hard so they don’t have to. They do this by investing in money generating assets like property, stocks and businesses. Another point which is concerning is that at the current rate pensions won’t be sustainable in it’s current form a few years from now.
I loved reading this sage like advice and thoroughly enjoyed my stay.
Brian - July 28, 2015 at 2:34 pm
thank you for your kind words and feedback it is greatly appreciated. Everything you recapped is spot on. Something has to change and like my man Ghandi was quoted saying be the change you wish to see in the world. When we do that universal magic happens best wishes to you
Emily - July 28, 2015 at 3:51 pm
love this!! Love your words and how you expressed your message. My dad, the forever financial planner would love this message. And would be like “see? I told you”. lol
Kidding aside, saving is extremely important and as you say it is an investment in ourselves. If we do not invest in ourselves, guess what? No one will. I was lucky enough to have a retirement saving plan with a former job, which I have now invested. And I am back contributing to a different RSP with a different job. But saving on the day to day basis well it’s not possible at the moment. As yes I accumulated student debt that I am paying off.
You are right, accumulating so much debt (and it’s not even that much compared to some of my friends) was ridiculous. Because it is not even paying that much in the end. Unless you are able to make 400$ an hour, that loan might not have been worth it…. Don’t get me wrong, I do not regret the education I got out of it but dear God was it an expensive education.
Brian - July 29, 2015 at 2:22 am
Glad to make your father proud. Really happy to hear you practice saving and have seen the great benefits from it. Your testimony is very powerful for our members thank you for sharing your experience.
Emanuel - July 30, 2015 at 1:41 pm
Finally I found a website with all the information that I was looking for.
You have some great information here! I am just learning about the importance of saving money, so I learned a lot.
You saved my day.
Brian - July 31, 2015 at 12:13 am
so glad we were able to help. We have so much more to offer keep coming back and register to receive updates. We look forward to watching your dreams become realities.
Todd - July 31, 2015 at 12:02 am
I think everyone should read this article. Well done. Saving is an absolutely key element in finacial security for later in life. Too many people fail to realize this. I like your comment about paying yourself first. It is so important to put some cash aside every week before you hit the shops, or the movies, or whatever else you usually spend money on. Kids should be taught this in school from an early age!!
Brian - July 31, 2015 at 12:09 am
Your Absolutely right todd it is a shame that this is never covered seen it is pretty much all that matters in the end. If you just learn this one thing and forget everything else you have a peaceful fullfilling life. So glad you got value from this thanks for stopping by see you around soon.
Jimmy - July 31, 2015 at 3:22 pm
I like your article talking about saving. How true regarding saving, is either you cut ur expense or you increase your income. But generally people choose the easy way out by cutting expenses which I feel should look for ways to increase your income. No doubt is the harder route, but the return you get outweighs the effort in cutting expenses.
Hester Pownall - August 9, 2015 at 9:36 pm
Great delivery. Solid arguments. Keep up the good work.
Chris - August 15, 2015 at 11:47 am
Great article on the importance of saving some sort of wedge – a article I really need to read and read again!
I am absolutely hopeless at saving money and I probably always will be. With old age looming it is more than a worry – what do you suggest for a hopeless saving case like myself?
Brian - August 18, 2015 at 2:54 am
What is most important is not the amount but the habit start with something small and use the 6 different jar system we discuss here in the community. You are not hopeless just haven’t created the habit. Any habit can be created with concentrated effort. REMEMBER THE HABIT IS MORE IMPORTANT THAN THE AMOUNT
Dave Sweney - December 13, 2015 at 4:05 am
This was a very good article on how important it is to save money. It went very thoroughly into the “why” and clearly showed the difference a change in the mind set can over time make a BIG difference in your life and lifestyle.
For me the pictures also cemented the principles espoused – throwing away money because you have so much versus the ball and chain of debt and expenses – priceless..
It really does come down to choices I think, Too many people have forgotten the principal fo dealy of gratification. Sacrifice and saving for a rainly day used to be pillars of societal norms where I grew up.
This is timely and I believe that your service will do very well…Too many people need such suppot as what you offer, and they would be wise to consider you based on what I have read. You have a good graso on just why saving money is important, or said in another way, pay your self first!
Dave : )
Brian - December 13, 2015 at 11:38 pm
thank you so much Dave you make great points and your positive feedback is greatly appreciated see you around our community check out ffc.money if your interested in reducing expenses and increasing your income stay blessed
Jayson - December 14, 2015 at 9:00 am
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Luke - December 15, 2015 at 10:07 am
Excellent advice, I particularly like the “Cashflow Quadrant”.
Clearly shows the difference between working or owning a job and how a business owner and investor’s wealth compounds over time.
I think it’s everyone’s dream to break out of the ‘9-5 Jive’ and free ourselves of our J.O.B.s (Just Over Broke!)
I’m sure with the systems you’ve put in place your clients will get a wonderful benefit.
Keep up the good work!
Brian - December 16, 2015 at 3:03 pm
luke so glad you were able to get value from this post thank you for your wonderful comment any way I can help you please let me know I’d love to be of service to you. See you around our community again soon stay blessed.
Canner - December 29, 2015 at 2:36 am
Fantastic post.Much thanks again. Much obliged.
Holly - February 17, 2016 at 2:42 pm
Amazing – gosh I got so excited reading your article I was almost tempted to just resign there and then (but of course I wouldn’t).
You have certainly given me a lot of food for thought though! Just one question… did you just start saving (regardless of outgoings) or did you have to find a way of increasing your income first via passive income?
Brian - February 17, 2016 at 9:13 pm
Thank you very much for your compliments. Its a matter of adding more value to our time. So many focus on trading time for money. They forget we get paid for the value we bring to the time. If we double triple or even quadruple our value and then save a minimum of 10% that we never spend. We are Free. I personally focus my attention on solving more peoples problems that way i don’t have to worry about cutting back. Help people with problems are problems disappear.
Darren - November 18, 2016 at 7:46 pm
To be honest, getting a job is a much easier proposition then becoming an entrepreneur and manufacturing your own product. It’s why so many people take the easy route.
An actual entrepreneur works on their business 24/7 for a few years and sacrifices everything while somebody else could go to high school and get a decent job and move up in a company – a have no problems with people who get a job because they don’t take the brunt of the risk.
You bring up good points about saving money and just not putting a lease on a new car, a mortgage on a home that people can’t afford. The beauty of capitalism is that you can hang yourself with the financial freedom it allocates us.