Baby Steps That Lead To Wealth

The first step to generating a path to wealth is to begin to take in and focus on people you want to emulate. Look for people who build wealth and study them. What are they doing as habits that make it easier for them to build real wealth over time? What makes them different than those that appear stuck int he rat race? We must recognize that quality and value are not built overnight, but you can achieve goals by working toward them. Study people who are successful at saving money. Educate yourself and emulate those people.

As they say, you become what your vision is or you go where your eyes lead you.

Talk to your family members. Get everyone together at the kitchen table and have a family conversation about budget, saving money and let everyone know that you are seeking their ideas on keeping more of the money that your family makes and putting it to work for the future.

No Emergency Fund?

If you don’t have emergency savings, you may start with our “1% Savings Plan.” You can check that out in past blog entries here, or at

Baby Steps

Open a savings account. You can do this at your local bank, or you can utilize an on-line bank like However, the basic idea is to identify a place where “YOUR MONEY” goes. A checking account is not truly your money. We say a checking account is a money laundering account for OTHER PEOPLE’s MONEY. That’s because CHECKING ACCOUNTS leak. Once you have a place identified for your EMERGENCY SAVINGS (your money), you are starting a life of growing savings.

We do recommend that you set a goal of saving regularly with every paycheck until you have 15 to 18 months of your expenses in money market savings and certificates of deposit. Once you achieve this goal, you can branch out into other areas of generating investment. Even slowly building this amount will develop faster than you think, but this is the ultimate secret of saving money and building wealth:

You must begin and you must save regularly.

People say this all the time, but you must PAY YOURSELF FIRST. This is the hardest thing to do because people constantly worry about their bills. To set a schedule and strategy to gain more control over your money, you must begin by saying, “I will have an artificial bill each month that goes directly to savings.

Remember: The money you make is only important to house and feed your family. The money you keep is what really determines what is yours and what you are really building. Make that a priority and you will increase your family wealth perhaps for generations to come. You can divert some of your paychecks through direct deposit to a specific savings account by amount each time you get paid. This is an excellent way to build savings regularly. See previous blog entries to find out how you can shave money off of what you are currently making and even spending to self-generate savings beginning today.

If you use a debit card and your bank has a program that rounds up purchases and pushes the “extra” to savings, do it. You will always be shocked how much and how quickly you can save by using a few tricks. I am for anything that makes you save more money.

When you talk to family about budget, spending and saving, brainstorm on how you can put more of your money in savings regularly. Don’t hesitate to use coupons and coupon codes (and put the difference you save in real savings). Always consider negotiating on anything. We live in a consumer-based society. Use your power. And always put what you saved in REAL SAVINGS.

You can do this.


If you think I was born saving money, you are wrong. My own family didn’t believe in saving. They don’t believe in having a 401k. Our people have had “emergencies” all our lives. These emergencies always get in the way of saving money regularly, and our family is not different than millions of other good American families. I was not brought up to save and invest regularly and I have made every mistake you can think about when it comes to money. My parents thought they were shielding me from the realities of bills and worry. In fact, they were isolating me. I have had to learn from my own mistakes over time. I have had to learn the absolute hard way how to get savings on track and make it a part of your life without killing your lifestyle or allowing “it” to overwhelm you. It is my mission to share what I have learned about regularly saving with my own children and also share it with you. That’s why we have a lot of “free” (blogs like and and groups on Facebook like “Coupons & Coupon Codes”) associated with our mission!

It is our goal to encourage everyone to teach our children about money, managing money, and saving regularly (and automatically. Children should receive lessons about compound interest and steady investing for a long-term future before they face the hard choices of adult life while being subjected to the consequences of the high-speed marketing culture we live in. 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 by simply 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. You can get our free e-saver newsletter by signing up at

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

Good luck to you and your children.

Thank you for reading our blog and good luck!

Loyd Ford

Connect with us on Facebook with these free groups:
“Coupons & Coupon Codes”
“Live The Lifestyle Your Family Deserves”
All on Facebook – join. It’s free.


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