Page 36 - Workbook3E

B
Establish and
Maintain a Savings
Program
Build up and Increase Your Capital
There are two valuable tools to help you build and increase your capital— both are within your grasp and well worth using. One is a successful savings plan, the other an effective investment program.
A Successful Savings Plan Looks to the Future
Whether you’re saving for your child’s education, a new home, a dream vacation or your retirement, saving is the result of planning. No matter what personal goals you’ve set, plans can only be made for the future. They have nothing to do with the past, and affect the present only in your daily choice to stick to your plan. A goal’s nature is firmly planted in the future whether for a day, a month, or a year.
Postponed gratification is the price for a strong financial future. Exercising patience and self-discipline insures your future is filled with less worry and more happiness through financial security. This is exactly opposite of current marketing—and the attitude of self-indulgence and instant satisfaction.
Great Power in Focus and Consistency
If you poured a bucket of water over a sandstone boulder several times
a day for ten years, the sandstone boulder would probably change very little. But, if you dripped water on the same spot on the stone every second—minute by minute, hour by hour—for the same ten years it could make a noticeable indentation, maybe even produce a hole all the way through the boulder. Successful Saving
is focused and consistent.
What’s Your Attitude?
Describe your current attitude toward “savings.” Also write down your feelings about your attitude. Do you find saving difficult or easy... inconsistent or steady... rewarding or nonexistent?
“The way to wealth, if
you desire it... is plain.
It depends chiefly on
two words, Industry and Frugality; i.e., waste neither Time nor Money, but make the best use of both.
~ Benjamin Franklin
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32 Workbook 3: Prepare for the Future