Wednesday, February 18, 2009

Saving Money Fast

The number one way to get anywhere, I would highly suggest, I know it's not sexy but is the number one method: saving money fast. In other words all great investors are great at saving money fast. If you are not saving money fast now then you are never going to become wealthy until you start.

When I was first starting off, I was trying to convince my millionaire mentor to give me some coaching on how to become wealthy and one of the first questions I remember him asking me was how much money I was saving. I said, "Well actually nothing to be honest". He quickly responded, "Then don't waste my time. I thought you told me you were committed to becoming wealthy and now you are telling me you are not saving any money, so why are you wasting my time? You are either committed or you're not", he said.

I said, "Yes I am committed. I really want to become wealthy." He replied, "Go away and prove it then, go away and start saving money fast and show me proof that you are committed', he said.

He went on to say "a lot of people can talk the talk but very few people can walk the walk." I was in a state of shock for a moment. I thought, you rich people are rude and arrogant, I later realized he was just being very firm. He was also proving a point and being truthful with me. In other words, if you can't save money fast you can't become wealthy. It doesn't matter how much you earn you can save money. You must make yourself start saving money fast. You must pay yourself first, it's a golden rule to wealth and you must look at ways to start saving money fast. Even if it's only a small amount, it's a subconscious shift that's required.

By: Greg Dempsey - Investor/Marketer

1 comment:

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