No matter how much, But you do it with frequency
Part of my job is to provide financial advisor personal finance workshops in different communities in the city of New York. One of my clients who took the workshop in July last year came to a follow up visit to review your credit and tell me about their financial plans. One of the questions I asked is whether there was any part of the class that had impacted more than others and she replied: “I loved the phrase that said that no matter how much you save, but do it often.” Behold the Where did this phrase:
Although I take the copyright of them, this phrase is inspired by the book “The Richest Man in Babylon” by George Clason. A wealth of knowledge that this book explains is that the basis of wealth is to save ten percent of your income. This is something many people can do, but the concept of saving 10% of a salary that is small is something that seems as if half of our check.
It is easier if instead of focusing on the amount we should save, the frequency that this should be done. Try to save an amount that you feel good about it, it need not be much because the end is not what matters, what matters is that you do each time you receive an income. No matter whether they are $ 1, $ 5 or $ 50. Save what you can but it is constant, and at the end of the day you’ll get used and saving part of your life. Choose the percentage that suits you, and everything will be as it should be.
My client has been able to save more than $ 4,000 in just 10 months and thinks plans to continue saving to buy their own home.
What is your history of saving?
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