Saving money helps if you want to get rich.
If you save 10% of your income, what will you gather in a year? What if you can also increase your income over time? Maybe you can increase to saving 20% or more at some point.
Saving Is Suggested By Many People And Sources
Dan S. Kennedy said it in one of his books. It was the main theme in “The Richest Man In Babylon“. J.R. Simplot did it. M.J. Demarco recommends it in “The Millionaire Fastlane“. Ramit Sethi writes about saving on his blog. It was mentioned even in “The Go-Giver“.
If all those successful people say it…well, I’ll still say it. You must save money. Save as much as you can. Don’t save less than 10%, but if you can save more, do it. Reduce your living expenses to the bare minimum.
You don’t need to read everything I linked to in order to understand the importance of saving. Just save.
The more you make and the more you save, the better off you are. Why? Because you can later invest your money and have them work for you.
Don’t work for money; make it work for you. – Robert Kiyosaki