Simple Success Formula
1) Learn to be a saver.
2) Let me repeat this first rule of the “Simple Success Formula“, “Learn to be a saver“. No one has ever been financially successful without learning this “Simple Success Formula”. Unless you learn to manage your money successfully, and responsibly, you will never truly be financially successful.
3) If you don’t have a bank savings account, then open one, and start saving on a regular systematic basis, weekly, monthly, etc. If you have a savings account, then start saving on a regular systematic basis.
4) As you start to accumulate some savings, fight to only withdraw from your savings account only on an emergency basis. An emergency is an unusual unforeseen event of which there is no way you could have foreseen happening, for example, a car accident, loss of a job, etc. or something you could not have budgeted for, that you have to respond to immediately. There are unplanned emergencies that will happen, and there will be an internal struggle within, setbacks, and, stops and starts, but eventually you will start to win, and have a period where there will be fewer emergencies, and you will be able to save on a consistent regular systematic basis.
5) The more you save, the higher your bank savings account will grow, the more successful you will become. Why? Because as you save, and your bank savings account grows larger, you will stop doing things, and making decisions, that will create emergencies that cause you to withdrawal from your bank savings account. As you make better, smarter decisions, to protect your bank account savings, the more money you will have in your savings account. You will find that your savings account will grow larger in direct proportion to the smarter decisions that you will make.
6) The rewards for following the above ‘Simple Success Formula” are greater financial stability and increased financial security. You will start to make future decisions that are not ad hoc, or on an emergency basis, but more intelligently and well thought out. You will be more in control of your life, rather then random life events being in control of your decision making. Life events will become more manageable. You will be happier, more prosperous, and have a more successful life.
“Simple Success Formula” Essay Author Warren Thompson, Jr.
Email Address: Cheapys@ymail.com
3126 Maryland Avenue, Suite A, Columbus, Ohio 43209-1567
