|
|
Home > Blogs > Post Content
|
|
Have you been working and struggling to build wealth for you and your family, but everytime you seem to get a little bit ahead something comes along and knocks you backward? I totally understand. The truth is that there is a lot of mis - informaiton and mis-direction to keep you from ascending the wealth ladder. There are some some foundational mind sets that have to be cultivated to gain wealth, which leads to wealth building habits. One of the misnomers is about paying yourself first and saving. We must do this, BUT, we must do this intellegently and with purpose. The goal of saving is NOT to just amass a bunch of cash. So your savings must be strategic and purposeful. And while, I encourage everyone to save to make purchases as opposed to putting everything on a DEBT card (yes a debt card not a credit card); the main reason for saving is to provide security AND to create a conduit to build wealth. There is a strategy to saving...from knowing which bank is compounding daily...to how much to actually hold in cash...to how to protect your savings. Take some time to think about it.
Posted By: Harris Floyd
Wednesday, November 2nd 2011 at 1:24PM
|
Blogs Home
|
|
|
|
