Week 4 - The Savings Equation

Today I want to share with you a very simple equation on what Savings is.

INCOME minus SAVINGS = EXPENSES. This is what Savings mean. Although some of us think of it as: Income minus Expenses = Savings. That's altogether a different mindset.

When we earn our income, the first thing to do is to take and make immediate decision about how much of it we will save... and set it aside immediately. The first amount of money to take off from our earnings is the savings.

Saving for the future does not mean that we are depriving ourselves...it is just delaying gratification.

Are we ready to start saving for investment to a better future? Let's start. It's time to get our act together.

See you again next week.