So, what would happen if you decided NOT to save money with each paycheck or even each month.
What would happen if you decided to take our “1% Saving Plan” and put it into action? (See past blog entries for details). Each time you got paid, you would be building actual savings. Right?
So, what if you decided to save and set aside just a small amount each month for investing? It wouldn’t have to be much – just a little. What would happen then?
Here is what we believe:
There is money you make. That is meaningless. There is money in your checking account. That is meaningless. Checking accounts are money laundering accounts for other people’s money.
There is money in savings. That may “save” you one day. So, that is important.
There is investment (we call this the asset train). This money is not like your savings and is not like your paycheck or your checking account. This is YOUR real money.
Take advantage of this each month and you will build actual assets. It will help you have money that works for you. That’s different than you working for your money.
Oh, and you can do this. We know you can. Think of it in terms of a percentage of your income. It’s not about the amount you save or the amount you invest. It is about the percentage of your income that you save and the percentage you invest.
SAVE MORE THAN MONEY
In this country we don’t do enough to teach our children about money, managing money, saving regularly (and automatically), compound interest and steady investing for a long-term future. As a parent, we are always concerned that they get a good education and go to a good college so they can make a lot of money or have a valued career path. The truth is that we could do our children the biggest favor and one of the best things by sharing with them sound saving and investing principles.
You can join our free Facebook group (or have your children do it, too) by searching in the Facebook bar on your “wall” for “Live The Lifestyle Your Family Deserves.” Click on “become a fan.” It’s free and it ties our free blogs into that group.
If you want to give your children the same information we are giving ours, you can purchase the only thing we sell on any of our blogs or groups. It’s called “How To Survive Any Financial Crisis” and you can get it for only $4.95 at http://www.middleclassmoney.com.
Thank you for reading our blog and good luck!