Do you want to save money with no money? That’s a bit complicated, but it is not impossible. First of all, saving can either be hard or easy depending on your habits, lifestyle and determination. Second, saving money without money is easy if you can get sort number one out first. So, if you want to save money, then here are a few things you have to understand.
Learn how to earn
Better than saving money is earning. If you have a bad spending habit then it is better for you to earn than to save. Saving money means that you have to earn more than what you spend every day. For example, if you are spending around 500 dollars per day, you must earn at least 501 to be able to save a dollar each day. On the other hand, if you are someone who knows how to take charge of their finances then it will be a lot easier. Curving your spending habits is important if you want to save money. If you cannot do this, then it will be hard for you to save money in the long run.
As I have learned from one multi-millionaire who was interviewed by a magazine once, he stated that he has heard a lot of people saying that they had a great idea for a business and that they think that it is going to work. However, they could not start the business because they lack financial support. He continues to say that the problem there is that they got it all wrong. He mentioned that in order to start a business you have to begin at the grassroots if you are financially incapacitated. They should focus first on service oriented businesses which are closely related to their target business. From there they could start their operations without spending as much money on capital. Then slowly crawl their way to their goal. From the proceeds raised by the service that they are offering, they could raise money to upgrade their business and start that which they originally planned. It will take some time but at least, they are moving and heading towards the right direction.
Saving money with no money
Money once held, is very hard to keep. The temptation to spend and indulge is very strong and most people often stumble and fall over this one. Instead of holding on to your money it is often more productive to put it into investments that can retain your money’s worth for a long time. Investments in precious metals, real estate properties, agricultural lands, etcetera, are all worth it. Not only will you be able to retain your money’s worth but you can earn from it as well.
If you are going to invest your money into some venture yet you find that you do not have much time and resources to cultivate and grow that investment, then it is important that you invest in something that will stay for a long period of time. Something that does not rot and cannot be easily taken away by someone else. Land and minerals are an example.
Once you have transformed your money into a property, then it would be harder for you to spend it rather than keeping it in a bank or safe. But when you are in dire need, then you can always sell the property and have your money’s value back and even gain a few dollars or more.
Saving money is not that easy especially in our generation today where in every move we make seems to need some sort of spending. However, with enough determination and clever thinking, we could achieve that which is unthinkable. In fact saving without money can be achieved by first earning it then transforming it into a piece of property or investment that will make your money’s value last.