3 Save laws for the most famous financial experts - Brian Tracy

3 Save laws for the most famous financial experts - Brian Tracy

Financial expert Brin Tracy summarizes his life experience, his advice to large companies and his study of the reasons and results of obtaining money in 21 laws to earn money, manage and succeed financially. In this article, we have chosen three laws on saving skills.

The poor of the future will say this foolishly - the free future will say this wisdom.

1- Savings Act

Financial success is achieved for those who are used to saving 10% or more of their monthly income throughout their lives. The well-being of individuals and the prosperity of societies increase as they save, saving today is the guarantee of tomorrow's security and responsibilities.

When you save even a fraction of your income, it quickly becomes a growing habit. Open a special bank account for that ten percent, and be sure not to approach them at the expense of spending, but to invest and grow. If you find the high percentage of 10%, start at 1% and when you get used to it, increase it to 2 and then stop 5 when you are comfortable.

2- The law of the governorate

What determines the future of your financial life is how much money you can keep without spending, not how much money you get. It often happens in our lives that we have money that we did not expect, or that we enjoy a business boom that results in increased financial returns, but this breakthrough is not the true measure of your freedom financial. Sincere. Successful individuals avoid such increases to pay off debt, investment and savings, and to prepare when conditions change and financial resources dry up.

3. The Parkinson's Disease Act

Costs increase regularly to offset any increase in your income. Despite its simplicity and simplicity, this explains why many people work for the rest of their lives and end up retiring as poor and destitute. For them, no matter how much money they get, they instinctively tend to spend everything and increase. So, the first key to achieving financial success, is to break this law, out of this spiral.