10. Rich people save money. Everyone should be saving money, whether they are rich or not. We are all familiar with the adage that we should save ten percent of our earnings. Most people know that they ought to have a rainy day fund, and an emergency fund, with at least three month's wages, in addition to a retirement fund.
But where does the average Joe get the money to sock away for a rainy day? For most average people, every day is a rainy day, when kids need new shoes, the car is out of gas, and the bills are stacking up.
In fact, according to CNN Money, 76 percent of Americans are living paycheck to paycheck. Half of the people responding to a CNN Money poll said they have less than three months savings, while nearly a third said they had no savings whatsoever.
Most of us aren't saving money, because we don't feel like we have extra money to save. But the rich know the importance of having money in the bank, regardless of how tight the belt gets. So how do you make Binary Options the transition from having no savings to starting an account and keeping money in it?
First, make saving a priority. If your company offers a 401-K plan, take advantage of it. There is no reason you can't take $25 from your weekly paycheck and put it away. If the company offers a match, then try to meet that amount. It is free money into your retirement.
If you work for a company that doesn't offer a 401K, or you work for yourself, then you have to be more creative and more self-disciplined to save money. But you can still do it, and it will still make a difference.
There are many suggestions for saving money. A look on Pintrest, or a simple Google search will yield Selling Options hundreds of results for learning how to save money. Some suggestions are to keep all your change in a jar, or keep all your $5 bills and save them, or put a certain amount into savings each week. The possibilities are endless.
The fact is, in order to save, you must make it a priority. It doesn't matter if you are saving change in a jar, or $5 bills in a drawer. Until you decide to save money, you won't. The easiest way to save money is to open an account that is not easy to access. Then, commit to taking ten percent of your paycheck and depositing it first. Before you pay bills or buy groceries or do anything fun, first take the money out of the bank and deposit it into a savings account.
Don't go looking at your account every day. Just leave the money alone and let it grow. Don't start planning how you're going to spend it. Leave it Forex Binary alone. Allow your savings to grow without making plans about how you will spend it. That way, when a real emergency strikes, and you will know when it does, you can rest assured that you have the money to cover it.