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Stopped saving money

March 6th, 2007 at 05:59 pm

I realized a couple of years ago that I can't save enough money. It's mathematically impossible. So I started trying to find ways to make more money or to keep more of the money I make. By shifting my focus, I see every opportunity in a different light. Read "Rich Dad, Poor Dad" by Robert Kiyosaki for a more detailed explanation of this phenomenon. Also read "Why We Want You to Be Rich" by Robert Kiyosaki and Donald Trump.

Posted in Uncategorized | 7 Comments »

7 Responses to “Stopped saving money”

  1. Ima saver Says:
    March 6th, 2007 at 06:09 pm 1173204567
    1173204567

    I have always saved 10% of what I make.

  2. Grant M. Says:
    March 6th, 2007 at 06:21 pm 1173205283
    1173205283

    Actually, I wasn't talking about "putting away." I was talking about saving money on groceries, electricity, etc. Sorry for the confusion. Rather than save $1.00/pound on ground beef, why not just make another $10-$15/month? Or find a way to keep and extra $5-$10/month you already make? The books I referenced talk about how to think in those terms and how to apply those concepts to your daily life. I stopped weighing whether or not it would be more economical to have beef or chicken this week and started concentrating on how I could get the money necessary to have either. Or both, for that matter.

  3. Amber Says:
    March 7th, 2007 at 01:02 am 1173229323
    1173229323

    I use my challenge for this very purpose, I try to save any and everything I can think of

  4. baselle Says:
    March 7th, 2007 at 03:31 am 1173238319
    1173238319

    You have to remember that actually saving money (taking money and putting it to work somewhere earning more money) is different than displacing money (not spending money so you can spend it somewhere else).

    Don't get me started about Kiyosaki. He leaves me ice cold.

  5. Fern Says:
    March 7th, 2007 at 04:49 pm 1173286166
    1173286166

    Well, if you can do both...making more $$ and saving $$...that would be ideal, but i guess some people are better at one than the other. I don't make a lot of money, but i'm pretty damn good at saving it and cutting costs everywhere in my budget.

  6. living_in_oz Says:
    March 7th, 2007 at 07:13 pm 1173294804
    1173294804

    IMO, the only thing wrong with making more money is PAYING more in taxes. I can save $1 a pound on ground beef tax free, but to make the $10 or $15 extra a money will cost me more in income and sales tax. Multiply that by all the extra savings all month and that's a LOT of my money I'm giving away through taxes. That's just me though. Other people probably don't agree I'm sure!LOL

  7. create wealth Says:
    March 15th, 2011 at 12:41 pm 1300192910
    1300192910

    I thinks you should invest your money in banking sector side . most of banks this time are providing fixed deposit services for saving money. it may be beneficial for saving money..

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