Learn the Habit of Saving
This is the third most important lesson and one of the hardest lessons to learn. The Habit of Saving is NOT about me telling you that you should save money. Everyone knows you should save money, but the question is HOW?
When you think about the Habit of Saving you think about your paycheck and how you barely make ends meet. Then you think about trying to cut back and set aside a small portion of your paycheck, that you barely have. This is utterly wrong and false. The true meaning of how to save money is NOT by cutting back on everything you use, but instead it’s actually about increasing your income. So the more your paycheck grows the more your savings grow too. The habit of saving is more about increasing your income and be careful not to spend it, but save it for a purpose.