Your savings, believe it or not, affect the way you stand, the way you walk, the tone of your voice. In short, your physical well-being and self-confidence. A man without savings is always running. He must. He must take the first job offered, or nearly so. He sits nervously on life's chairs because any small emergency throws him into the hands of others.Without savings, a man must be too grateful. Gratitude is a fine thing in its place. But a constant state of gratitude is a horrible place in which to live. A man with savings can walk tall. He may appraise opportunities in a relaxed way, have time for judicious estimates and not be rushed by economic necessity.
A man with savings can afford to resign from his job if his principles so dictate. And for this reason he'll never need to do so. A man who can afford to quit is much more useful to his company, and therefore more readily
promoted. He can afford to give his company the benefit of his most candid judgments.
A man with savings can afford the wonderful privilege of being generous in family or neighborhood emergencies. He can take the level stare of any man ... friend, stranger or enemy. That ability shapes his personality and character.
The ability to save has nothing to do with the size of income. Many high-income people spend it all. They are on a treadmill, darting through life like minnows.
The dean of American bankers, J.P. Morgan, once advised a young broker: "Take waste out of your spending; you'll drive the haste out of your life."
If you don't need money for college, a home or retirement, then save for self-confidence. The state of your savings does have a lot to do with how tall you walk.
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This article was reproduced from a pamplet distributed by World Financial Group. We don't know the anonymous author and we don't know
anything about World Financial Group, but the thoughts in the article are spot on and worthy of reading more than once.
People often say they can't make themselves save. They spend everything except for what their company withholds from their paycheck. There are two important lessons there:
1. Automatic Savings work. Do more of it outside your pension plan, or it won't happen. Something will always come up and suck that money down a black hole, or you will feel flush and squander it on things you don't need.
2. ONLY caring about yourself and your family will get you to save. It is about MORE THAN THE MONEY! It is a gift you give to yourself that goes beyond the money.
And you make this possible by leaving a margin between your income and expenses and then saving it. This surplus, saved in an automated way, produces the self confidence and freedome you read about in this article.
