That's the first thing to do. According to financial experts, we should change our old mentality of saving. Before it is saving after expenses (Income-Expenses= SAVINGS). It should be INCOME minus SAVINGS equals EXPENSES. In other words, you identify the amount to save every month and religiously put it aside, not in your ATM account but somewhere else which you could not easily withdraw anytime. A good practice would be a regular investment for a monthly saving.
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Secondly, as I already mentioned, invest your savings. As the video has presented, if you put your money in the closet, it will not grow. For me, I invest my savings every month by buying stocks. In other words, I invest my monthly savings in the Stock Market.
Therefore, the secret formula to financial freedom is SAVINGS and INVESTMENT. Continue to follow on this blog in order to learn more about savings and investment.
P.S.
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