Become a Money Saving Expert | Brian Tracy
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- Опубликовано: 10 июл 2019
- Resolve today that you are going to save and invest at least 10 percent of your income throughout your working life. Take 10 percent of your income off the top of each paycheck each time you receive one and put it into a special account for financial accumulation. bit.ly/2xDqeQ2
Starting this early in life will ensure that you become a millionaire before you retire.
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pay yourself first, save money, save 10 percent, invest 10 percent, self made millionaire, how to get rich, how to become rich, how to save money,
What's your favorite way to save money? Share it with me in the comments below! Want to build a profitable business? Use my free Way to Wealth guide >> bit.ly/2xDqeQ2
Brian Tracy By knowing for what reason I am going to save money, that consequently doubles and triples the desire to save money faster and smarter.
Brian Tracy thanks for sharing it with us! To tell you the truth I can't save it and I have no my own security place for living and spending time as I want in so I feel stressed and disorganized all the way and this makes me feel happy when money come and go, come and go, otherwise if it is saved I feel like something gonna changed my confidence and calm State and it happens, new debts are organizing cause of the value of the current needs, like paying for the food, roof , help others in need sometimes. May it's not obvious for me yet but I feel like stuck and boring with the money when they are saved and no pleasure at all in this state of being, thanks! 😛
Sir but isn't it that "savings are losers" by Robert as the dollar gets printed everyday and loses its value.
Can you convince me?
Pay you first
My motivation for savings is to retire early and be better than the americans who lives paycheck to paycheck! Its good to invest in multiple retirement savings and have different bank accounts where you do not touch! I keep 1 checking for my expenses and have 2 different savings account and not including 401k and Roth IRA! Unlike many people I take advantage of credit cards and limit each month how I use it. I would use my credit cards for spending but pay it off each month! I'm building more credit while saving
My tip is never overspend in one month thinking you cut back later. You won't. Also do lots of research on finances and don't take the first advice you hear.
Brian is the best of making money and inspiration 😀👍
One of the fastest tracks to personal wealth, is to pay yourself!
I asked myself for a raise, but then I thought I was being too greedy, so I fired myself. That'll show me!
Have you been paying yourself tony?
@@charlescalloway8969: Even after losing my job in March, I’ve still been paying myself. Of which, I’ve turned those savings into a six-figure portfolio, and struggling on the trek to become a millionaire. Wish me luck! ☘️
@@seanmatthewking: 😂😂..!! Well I was actually fired!
Even better: save 30% of your monthly income. Every year take half of the 30% saved and buy assets (things that retain and increase in value) Repeat until wealthy. Remember money that is saved should only be spent on things that go up in value.
By doing this you never loose money and it keeps multiplying in 3 ways.
1st way: The money is multiplied naturally as it increases over time.
2nd way: more lucrative assets can be purchased over time with increased capital
3rd way: The money isnt wasted and spent on depreciating liabilities, so it has no choice but to grow uninterrupted.
Research the difference between an asset and a liability !
I agree. It’s more important to pay yourself, then to pay others!
Agreed
Thanks for sharing this with us, you’re so inspiring thanks again
My tip is to manage your income, expenses, investments on a spreadsheet. You can see your financial allocation clearly so that you can truly PAY YOURSELF FIRST. Also, when every paycheck comes in, all I need to do is put the money into the investments first and the rest of it will take care of itself.
Please bring Brian back 🤞😁
I'm back next week
i will be happy to hear that
Informative information and so important to always pay your self first awesome channel
Buy assets that produce cash flow. I'm not waiting decades to be rich
Most investments are for long term. Five years is a great start. You want investments that will pay you dividends and generational wealth!!
Finally someone who listened to Robert Kiyosaki
Great , have learnt a lot from you and will keep on. May you be blessed.
Good outlook and great tips...Everyone is looking for ways to save money.
I find money management apps a great helper in this area. The apps completely cover every area of your expenses or income. Maybe give one of them a try.
Stopped using credit cards, stop buying from convenience stores, buying from vending machines, write down everyday, your expenditures no matter how small.
Thank you for the tip
You cant live without credit in the US. You'll work forever unless I'm mistaken.
i daily save 400rs....and after collection of one year i invest this money into my business... and this helped me to grow my business
The Richest man of Babylon. This book is worth a reading ....
I ask myself each time I want to buy something, is it necessary, what's the consequence if I don't buy it
Great video with seemingly no judgments from the speaker as we might be having problems to start saving. Thus, from at least 1% and increase the percentage of savings slowly will really help one to be a money saving expert. Thank you Mr Tracy.
I like doing a automatic savings every time I get paid. It takes the angst out of doing it myself.
Hey, I tried keeping a record of all my expenditures every day,but I stopped doing it now because it stresses me out while looking at the amount of money I spend.I do save 20% of my income, planning to save more now.Thanks!
Good luck
We are saving new 10 peso-coins, 5 peso-coins, and 1 peso-coins and put it in a jar.
Everytime we get new coins, we keep it and we did not use it for spending.
We are doing it for 5 months now.
I hope you're at least gonna use it to invest in assets. Otherwise, it'll just lie around and slowly decrease in value.
When I see salary credited, first thing I do to transfer money for saving loan etc. Then I keep the amount in the saving account to run the month. You are right, it all comes with habit and dedication.
This is a very good and informative video
I See what the Goal is, but ist that a life? Saving money and Hope you will Reach your retirement and have a Million? The saved Money should be invested for realizing ideas, founding a Business and maybe make that Million earlier - and have fun in the meantime.
And it is a proven fact, that only Money Will Not make you happy.
Build life so that you can live life and have fun. If you neglect to delay gratification you fall under a cycle of having your finances be like a rollercoaster up then back down, whem what will benefit you in the long run is forming habits to make sure it is only going up.
Where’s the real Brian? ❤️❤️
How do you start a mutual fund?
This is good information; thanks for sharing!💯
A great video from Brian Tracy
The concept of saving 10% of your income sounds good in theory, but how as a American are you able to do that when over 30% of your earned income is TAXED??!!!
Focus on Not spending and savings will happen
No, you're right. No American was ever able to do it. In fact, throughout history, no single human being who ever paid more than 30% in income tax was ever able to do it. If that's your situation, you're just shit outta luck. Sorry to be the one to tell ya, but better sooner than later.
If you do not want to pay tax then don't use the roads, bridge, fire Department, clean water, clean ocean, clean air. God forbid if you have a stroke or become unemployed, don't ask for government financial support and don't ask for free medical insurance. Your tax is there for good reasons. Just cut down your expenses somewhere else.
blessing around you , thanks a million :)
Wow this video of learning how to save is really nice
I am finishing high school next year. Wish me good luck
Thanks for the lesson
Thank you
10% annual interest?
tell me where you live I will relocate
be serious...
Excuses
@Belinda Mosley shes not making excuses. Shes asking what bank pays out 10 percent lol
S&P index fund, vtsax index fund and vanguard star fund are around 8-10%
@@MrTmenzo that all depends on stock marker value. 100 dollars a month wont build millions so 10 percent describe in video is bogus scam! You can put away 1k a month 20 years and it wont hit 1 million in profit! My job matches 200 percent up to 6 percent in my 401k and that's better than Boeing and Microsoft retirement and I still dont have 1 mill in there. I invest in Roth IRA as well and limit 6k annually. If your employer doesnt have good matching. Roth IRA is smart choice. Compound interest on it is unreal. I told my son to start 1 when he was just 18 and hes now 30 years old and he has nearly half a mill just by banking 6k into it
Exactly! Where are these 10 percent annually increases ?
really useful thanks
Show the funds that make 10 % annually throughout the decades.
SPY is the best best fund over the long term- it beats 96% of all mutual funds
Indonesian Stock Index is 12% annualy over 20 years.. 14% annualy over 10 years.. Included?
It’s too easy to be critical....level up
the stock market has been shown to give those returns or more over time. Like Buffet, you buy and hold.
@@nozikhumalo8076 Isn't 7% a more realistic number?
Saving money on monthly basis and invest in to dividend stocks 👍
Cool..great advice
Right now i am applying that i dont have much but it is a start
Nice video 👍 I like all kinds of your sharing
Thank you!
Amazing.thanks
Powerful Speech. Good job!
I ensure my checking accounts have enough money to cover the purchase prior to making the purchase and then I use my credit card and pay it off rounding up to the nearest dollar immediately.
Superb
10% is likely not going to make you wealthy, but it'll get you started. Great video!
Great advice for everyone thank you!
Don’t go out. And you will save a fortune 🙂
I save in precious metals, and my savings is on automatic. I never even see or touch the money that i save, and I love it!
Short and nice story
Thank you sir
Average mutual fund at 10%? Which one(s)?
Thank you so much you just opened my eyes .
Can’t wait to see you back Mr Tracy! I am just 17, yet I have gained a lot from your videos, which I am sure will bring me millions and self-confidence throghout my life. Thank you for your generosity👍
I am 16 and his videos, his books & his tweets are very useful, he’s literally the best
You guys are awesome for thinking about all of this so early in life! Best of luck to you both. I'm sure you'll do well 👍
That’s so nice of you,thanks
Great to be starting so young
I find that having my bank each month to automatically take from checking and put in savings
Thanks
I'm starting to save $100 a week, which leaves me about $50 a week to spend after all my bills and necessities are paid. Of that $100 a week, 1/3 is invested in silver and gold, another 1/3 into online sales (growing at ~10% monthly) and the other 1/3 in a savings account.
my goal is to buy a house in the next 5 - 10 years.
thanks 🙏
hmm where i live even if i save 50% of my income after 20 years i probably can only buy 5 meter home! or less
Why don't you move where your money will buy you much more?
@@ZooomaCW that was the plan but inflation in my country so crazy i worked 10 years to get the hell out of here, instead now i have less than 10 years ago =_= if you wonder i live in Iran...
@@PandorasBox2 I'm sorry to hear that...but dont give up on your dreams.Find another way.Perhaps a buisness of your own.
Set an automatic transfer out of your checking into your savings, treat as a monthly payment, but to yourself.
Great video, remember that you are doing everything for old You, so start now.
Thank you, thank you, thank you 🙏
I feel like I’m relying on my petition money when I retire. I live in a city with very high cost of living. Most of my paycheck goes to my monthly bills. I can I save? If I relocate, I won’t get my petition 100% when I retire. Any advice?
Thank you 😇
Thanks for your recording on savings.
I personally think that you need to save more ten percent. I think it should be a minimum 25 percent to achieve financial freedom. 30 years ago, ten percent would have been enough back then. But now the cost of living keeps going up, and were constantly paying more in taxes.
Thank you sir...
Before making any decision I think for at least 3days and the result is always safe 😇
I m from India and here every body saves atleast 20% of their income
That must be why Indians own all the convenience stores in America, they save their money there and move here. Good work!
@@ZooomaCW 😄
Thankkk youuuu soo mmmuchhhh
Thank you.
Sir u r our mentor ,god ,guru everything pls tel me how to implement anything fastly &how to get rid of bad habits as i m v lazy and procrastinate work
Click here for my best tips on how to stop procrastinating: bit.ly/2XD88x3
🙌🏽🙌🏽🙌🏽
I learned a lot from these channel
My tip is save for big expenditure upfront like festivals. Save all you can. try minimalism. And earn more money
I was born a miser every since i can remember i been tight with my money idk why💪🎭
Its better than being a spendthrift.However you might want to work at restoring some balance in your life.We should enjoy some of our money and also ask God's guidance to help others at times when we can.It makes us happier and a better more whole person.
I agree with that 100% it so true. After direct debts are off, I put money in my saving before I do anything else.
Great idea
What i learnt from the Book "Richest Man in Babylon"
Pay yourself/save/invest 10% of earnings
Expenditures should not be greater than 70% of earning
Debts: Pay 20% of earnings
I have this audio book. I have listened to it so often, I have most of it memorized! It has some of the BEST financial advice I have ever heard!
I like to save my loose change
Thank you thank you then you
Good Advise
Nice video please slow video speed
Very thanks
Love It
thank sir
Pay yourself the first hours pay from each day and add more over time.
Play savings games...first week of the year save a dollar, baht, pound, pero, real, rupee, euro, yen, etc and increase it buy a dollar each week...At the end of the year put it into an index stock fund, and start the process again.
*_Money Management is such an important skill. Too bad they don't teach financial literacy in American schools_*
Not either in Brazilian schools... :(
Isnt that the sad truth!
Lovely Lovely...
Now should i cash out 50% and save it at home (fiat money saving) or put that rather online in my savings account ?
"Pay yourself first is a phrase referring to the idea that investors should routinely and automatically put money into savings before spending on anything else."
When need arises we automatically go in with the saved money....
I've watched only 6 of your 610 videos but I'm learning tons of information! Thank you!
I save about 34% of my income but it's divided in 3 parts. Traditional savings, retirement and the stock market. Having opted not to own a vehicle as a sacrifice it gives me more financial breathing space and opportunities.
@@traviswilliams1296 so true and as the portfolio grows purchasing a car becomes easily than having the cash at the start
This is for who work. What's the tips for employment.
Thanks brain
at least 10 percent, well said, well said.I dont want to provoce reactions but that is the easy part.In my business there is a lot of talk about finance but we all feeling burnt out and end up eating junk.Has anyone overcame this?
Just save save ..save, this information is priceless ...you will see the benefits eventually...I set mine up as a direct debit through my mobile banking app and it goes out once my salary comes in, even before I pay my rent/Bills...I was delighted when I saw how much money I had saved😁
Yes