A Scribe in Wall Street

The Secret to Getting Rich: Self Discipline in Saving

gavin
Publish date: Mon, 04 Feb 2013, 09:00 PM
gavin
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This is my personal investment blog.

There are many ways to accumulate wealth. Some may invest in stocks, some work hard and build an empire in business, some gain wealth in direct selling and some even get rich by winning in lottery.

Yes, there are many ways to get rich. But do the rich people have some common characteristics? We can’t deny that everyone pays highly attention to their salary. But there is something different, the attitude to spend their money.

For most common poeple, once they got the money, they will spend; buy new clothes, new handphones, new cars, new houses and etc. Some take loan when they do not have enough money to pay as they think they will be able to return it once they get their salary. No matter how much they earn, they will just spend it away, and so they will never be able to accumulate much wealth!

WHY? They neglected their self-discipline and self-discipline is the weapon to getting rich.

Earn a living is the basic skill that everyone has to acquire. However, if you don't save your money, you will end up being poor. This is why self-discipline is important. You need money for investment and you also need self-discipline to save your money.

It does not matter what method you earn your money, or the amount you make. Ultimately, it is self-discipline and the ability to save the extra cash that will make you rich.

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