Reasons to Save Money Consistantly

July 17, 2010 - PRLog -- It seems everyone knows the importance of saving money, so why is it that 95% of people don't do it?

The other day I was listening to "The Laws of Success" on Audio and there is this chapter about saving money, and there was this one story that I feel is rather relevant.

It talked about a Man who worked ridiculously hard in his advertising business, that he eventuality became rich. A millionaire. People loved him as he threw his money around.. oh, how he impressed his family and friends! He felt on top of the world! It then proceeds to talks about how even though he was making 5x the amount of money that he was making at the start of his career, he had found it difficult to find the space to save, and a hard time keeping up with his expenses. He wanted his family to live comfortably. Besides, because he was making such high earnings, to the man, He couldn't see his income depleting anytime soon. To the man, his thoughts were that he could save his money later, you know, when it was necessary.

As time passed, eventually his debts overcame his earnings, and he was taking out loans from his friends and family who believed in his talents as a Advertiser and wanted to see him succeed, as he had proven that he could do once before - and eventually - those loans turned into plee's, as one day the man turned around and noticed that he had nothing left. That he was asking for loans to pay for loans. His family and friends pity-ed him and just wanted to see the man get back up on his feet. The Man was so embarrassed because he ended up losing everything, not to mention his good reputation... so he decides to move where people didn't know his tainted name. In this he would work to redeem himself.

The man confesses that he could have comfortably lived on 40% of his earnings put 30% to debts and bills and the other 30% to savings. and if he had to do it all over again, that he would do exactly that.

The Lesson:
Delayed Gratification = Long Term Profit.

The point of the matter is it doesn't matter how much money you make, you will never get ahead unless you put something behind you. and truth be told that saving a dime will skyrocket your self confidence! Think about it. when you know that you can, but have the discipline not to; you can hold your head high knowing that you made that choice and it was not because "you couldn't." Doesn't that feel good just thinking about it?

Saving Money is a Habit. Start with what you can. Even if it's just a dollar a day, by the end of the year you would have $375 that you wouldn't have had if you did not save that one measly dollar a day. Put that into a high interest tax free savings account (limit of $5000 per year) your looking at a profit of $110 for a dollar a day!

Little by little, as your savings account grows and your confidence grows you can start adding $2 a day, and so on and so fourth. This is one of the MOST IMPORTANT SUCCESS BUILDING SKILLS that you can incorporate into your routine. Remember Do not touch your savings. If you do plan on using it (this is where I would always get caught up because I would deplete my savings) cushion it by using no more than 1/2 on your investment.

Good Luck!

As for a Savings Account I Recommend ING DIRECT - They Have some of the Highest Interest rates, No Fees and no minimum requirements. However I suggest opening an account with a $100 minimum. ING DIRECT will bonus your new account $25 using the Orange Key below.

ORANGE KEY 30113070S1

What are you waiting for!?! Start saving today! Tomorrow will never come! Take Control of your Life NOW!

ING DIRECT.ca

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Samantha is a part of what is arguably to be the World's Largest Internet Marketing School available. To learn More about Samantha and her team of Online Mentors and Marketeers and to learn how such a program can benefit you Visit http://www.your1kperday.com