Learning to save and invest make your saved money generate

[Tobi]

Learning to save (and invest = make your saved money generate you even more money) money is the easy part. Understanding your goals and developing the motivation that will keep you saving/investing, instead of spending, is often where people let themselves down. You need to generate a mindset that keeps you on the saving/investing path and stops you giving into spending on desires instead of needs.

Want to buy the latest gadget, or a nice new car? Wouldn't it be nice to have saved and invested so that the passive income from your investments pays for the gadget/car? Of course we can't quickly get to this position, and meanwhile you still need to live life and have fun.

 

[Starmix]

It's essential to save a percentage 6 of your business profit and let it accumulate. Once your savings soar high, plan for an investment you can afford to loose and let it grow. The more you save and invest, the more chances to become rich.