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Wealth Accumulation series – This video is 2 minutes and 52 seconds long.

Key 1:  Save 10% of your income!

Ever looked back on a year and thought “Where has all my income gone?”. You probably earn a decent amount, but take a look at your savings account & it’s sparse to non-existent. Wouldn’t it be great if you could guarantee that at the end of each year your savings had increased?

I’ve recently re-read a fabulous book called “The Richest Man in Babylon” by George S Clayson, we’re reading it at the BookCLUB I run. This inspired me to put together a series of videos called “The 7 Keys to Wealth Accumulation”.

These principles apply to business & personal finances.

Key 1: Save 10% of your income. Set up a separate savings account that’s difficult to access. Then implement a standing order that takes the 10% out of your current account & puts it in the savings account. Automatically.

Then learn to live on 90% of your income. This’ll be tough at first, but you’ll soon adjust & get used to it.

Meanwhile, month after month your savings account will begin to grow. Increasing gradually.

Don’t touch these savings unless there’s a massive emergency – and even then look at other options.

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