Wealth Creation Series: Savings Will Never Make You Rich!
Patrick Gyan
Digital Marketer | Killer Social Media Marketing & Design Solution(Graphic/Motion/3D Design) to Boost Your Business Sales & Visibility.
Whenever you find yourself following popular sayings, pause for a while and ask yourself why you believe in them and how true are they. What the majority do or say is not always right. You then proceed to ask which bias these sayings lean on or who tends to benefit from them the most.
In this the banks. Hang on I will fully explain why I chose that stance on savings. Studying the wealthy individuals who are displayed on the Forbes list caused the scales on my eyes to fall off.
If savings alone and cutting down costs is the only strategy to make wealth, then you have lost it. Following this strategy will make you live really cheap causing you to ignore essential services and products in the name of savings or cutting down on costs. If there are no fresh inflows of money coming in, you will neither become rich nor enjoy your life.
Rather determine how much it will cost to live your ideal lifestyle and focus on earning more money that exceeds your preferred lifestyle. You create multiple income streams within your line of business in other not to take your mind off the main revenue generator.
Invest the bulk of the surplus money into income-producing vehicles of your preferred choice.
Therefore don't just save to save, by save to invest.