Saving can seem boring. It can seem like just a number in the bank. It can seem so unreal and dull compared to buying a gold watch or a Ferrari or a mocha smasherino!
If you pay your rent, then that’s your landlord getting paid. If you pay your taxes, that’s the government getting paid. If you buy some champagne for all your friends, then that’s the bar and the vineyard getting paid, and your buddies getting happy (on your money!)
The money you spend in the supermarket is your cost of living. The money you spend in the salon is the cost of looking good. The money you spend on your car is your cost of transportation and the money you spend on your holiday is the cost of relaxation, which if your work wasn’t so hard you might not need. These are all costs. These are not where you get paid, because you are doing the paying.
I will say that again. You get paid in your savings account and you only get paid in your savings account.
Everything else is cost. Everything else is everyone else getting paid. The only way you get a million dollars is by saving enough money that you can invest to make it into a million.
You can do it seven dollars at a time, or you can do it faster if you like, but stop pretending that spending is a sign of you getting paid. It isn’t. Stop repeating the advertising line that you are worth it, because you are worth the money, not the thing. You deserve to be paid, and while you’re still spending, you haven’t been paid.
Try to change your thinking and it might change your life.
Featured in the FINANCIAL TIMES, and the DAILY TELEGRAPH, our MISSION is to help create millions of millionaires. We want people all over the world to use our simple tools to save emergency funds, turn those into investment plans and create the habit that will help enrich their lives.
If you’re interested in financial literacy, please also look at our new project www.maiawards.org