Michael on June 18th, 2007
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My first words to you–my very first words (in the front book flap of Beyond Paycheck to Paycheck)–were “So many have income. So few have wealth.” While the remainder of the book addresses the key steps to address and overcome this unfortunate reality, I’ll hammer home one of the most critical points right now:

There is no surer way to move from income generation to wealth creation than by saving.

Yes, you’ll find plenty of hype from others about the latest fads. Just in the last ten years, day-trading, technology stocks, real estate, oil stocks, commodities and others have all been “sure-things” for a period of time. Once you hear “new paradigm,” you can be confident we’ve nearly reached full societal insanity.

Sure, my bold statement (pun) above may lack sex appeal. But it is Total Candor. And nothing amplifies the positive impact of saving than saving while you are young.

Regardless of the amount you save and your current age, you can never make a bigger impact on your future financial situation than you can right now. To see this illustrated, consider ordering a complimentary Basic Motivational Summary (BMS) from Total Candor.

Find a way to spend less, and you simultaneously find a way to save more. There is no other way. There are no short cuts. It’s quite simple. Choose to save something instead of spending everything and you effectively. . .

 

Choose to have the most powerful force in the universe be with you, not against you.

(a future post)

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2 Comments to “Strategy # 4: Save early, save often.”

  1. Jason Leavitt says:

    I just heard your discussion with Kelly Brown on WHEB and I am interested in living beyond paycheck to paycheck. I will turn 35 this year and I have worked for the same employer for 15 years. I want to make sure that I maximize my retirement and savings possibilities.

  2. Michael says:

    Welcome aboard, Jason! Looks like you’re on way your way with regard to the “early” part of strategy # 4, being that you posted at 7:30 on a Sunday morning! Stay tuned to the blog, comment and question at will. You’ll see that your two primary concerns (retirement and saving possibilities) are frequent topics of discussions. I look forward to our conversation.

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