the power of saving money

attended various seminars and listened to countless CDs to create wealth. In all this I found a wealth creation principle that the most successful people would agree is essential in their creation of wealth. That would be the importance of savings. Most would even say it's not enough just to save, but so far that would save 10% of all encourage you deserve to go. Some of these very successful people with Robert Kiyosaki, author of Rich Dad, Poor Dad books, T. Harv Ecker, author of Millionaire Mind and founder of peak stress. Another teacher of this principle is Janine Bolon, founder of Smart Cents Inc and author of Money, it is not just for rich people.

A few years back I was just my own learning about the power of saving money to make money and was attending a seminar given by Oscar Demille, founder of George Wythe College. He told a story about his life that inspired me to save money. He told about a time early in his marriage, when he and his wife had built up debt and were feeling overwhelmed, sound familiar? So they successfully convinced a retired financial planner to help them. She drove the few hours to see him and after looking over their finances, he came with a plan for them. Part of that plan was to a certain amount per Mon Oscar was not convinced that this is the best way out of debt fast. The financial planner stated that although he could not explain why he knew from experience that every month to save money is a key finding of guilt, and if they do not agree to save each month he could not help. Oscar agreed and left his office. On the way home Oscar told his wife that they would do everything the way this man had told, except for saving. Oscar Wilde instead use the money to pay off debts. It makes more sense to him.

For two years they tried to get out of debt without the money in savings. Rather than repay their debt more debt actually increased. This Oscar humiliated and called again and asked for financial planner half chance. This time he followed the advice he received and was soon out of debt, with a balance in his savings account.