I’ve come to the realization that every day I am a little richer than the day before. I had never thought of saving and investing it in this way. It seemed to give me a great sense of pride and feel really good about how I manage my money.
As long as I am spending less than I am taking in each day on average, I am building wealth. Take a look at these numbers I crunched to show how rewarding saving can be. Here are the numbers compounding quarterly with 5% annual return (1.25% Quarterly).
Saving is like trying to lose weight. We all want to shed a few pounds but just getting started and sticking to it is hard. We need something to help get us
motivated, and keep us on track. So let’s think about this for a minute. First we have to have a reason to save. Without reason, you will not be succesful at anything. I could sit here and tell you why you should save, but I could also make many good points of why you shouldn’t save at all. I’ll save that for another post. I can however tell you why I have chosen to begin saving. For me the reason is simple. I hate to work. Simple as that. I save so I can work less and less each day.
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