One great success habit you can start right now is - saving. If you save enough you can live off the interest it generates. This means you never have to work again, if you don't want to. But as soon as you start to eat into the capital, then you are on a slippery slope to becoming a wage slave again.

I want you to open a savings account if you don't already have one and save at least 10% of what you earn each month. You will be amazed at how quickly even a small amount will add up. Saving is a habit and a very satisfying one to get into. Most people do not have the willpower to withdraw 10% of their earnings each month and put it into their savings account, so ask your bank to set up a direct debit that will do this for you. They don't charge for this service.

The type of savings account you are looking for is one where you have to give 3 months notice before you can withdraw your money. This prevents you from getting your sticky little fingers on the money every time you want a new bit of junk!

In case you're thinking that you are unique and there is no way you can live on your current wages and save, then listen to this. A popular technique at seminars is to ask the attendees how much they are earning. A wage will be called out and each person who fits in this bracket will put up his or her hand. Say the first wage bracket called out is 12,000 dollars, several people put their hands up; they are then asked to keep their hand up if they think they can live on this amount. Everybody puts their hand down. It seems nobody can live on this amount of money.

Next, 16,000 dollars will be called out and people put their hands up. When these people are asked if they can live on this amount, everybody puts their hand down. This continues all the way up to the top wage, say 150,000 dollars. Surely these people can live on their wage? No. Everybody puts their hand down. It seems that people quickly adjust their lifestyles to a cost greater than the amount they are earning, no matter how much they earn.

People just don't save, and come up with all kinds of excuses as to why they can't save. I know I did, but in order to pay off my debts and make my millions I had to learn how. Otherwise I'd still be broke and in debt.

Copyright Stuart Goldsmith. All Rights Reserved.