A saving habit is one of the most difficult things to do in this world.
There are many reasons why this is hard. A professor of Economics at Harvard University by name, Sendhil Mullainathan , had said that humans prioritize on immediate needs than future needs.
This also is a trend noticed in procrastination. According Hal Hersfield, we look at the future as if it belongs to someone else. Since this future is uncertain, why trouble yourself?
Everyday, you put in work 9-5 for 30 days or more a month, but you end up broke in a few days after the salary comes. This might not mean you were reckless with your money, or the take home salary is too poor.
Maybe their are many things to sort out with money.
There are several benefits of saving money, even if it is a penny!
A direct answer to this question would be a NO. You can only save when you have enough. Do yourself the good of making more money! Yes, just make more money, close more deals, reach out more. Create multiple income streams. Saving may come naturally when you have multiple income streams.
Salary will never make you money!
Have that TATTOOED on your Financial Brain! (Of course, you should have a financial Brain).
Have constant focus on alternative sources of income! That’s the secret. Where others see waste, see resource.
When you check the Millionaires in Nigeria, each has an average of 5 streams of income.
You’ll probably wonder “What the Above story has to do with saving money”
simply understand that as an individual, you should have Marketable skills. Imagine giving these skills to different persons on a Side note and getting paid for it?
SO WHAT IF I HAVE NO SKILLS?
first, you have to be willing to learn. Ask yourself that basic question. How much am i willing to put in for this? You will have to drop some friends, distractions and ensure sincerity to self is your watchword.
Below are a list of Adoptable Attitudes that can change your person, and make you more skill oriented.
Tons of people out there are willing to pay you in foreign currencies to do some works for them.
Below is a list of companies that will pay you for services
Here, we will share Bits we think can help you save from your salary and also from any place you can make an extra penny.
Picture your Old Age!
Before you spend a Naira, find a Goal
Find a goal to every penny you spend. Don’t spend frivolously.
Open a saving account
This account should be locked on saving mode always. Nothing should make you near it, unless the goal you’ve set for it.
This Account should be for your investment activities. Don’t mix business with pleasure.