Become a Money Saving Expert | Brian Tracy
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4 жыл бұрынResolve today that you are going to save and invest at least 10 percent of your income throughout your working life. Take 10 percent of your income off the top of each paycheck each time you receive one and put it into a special account for financial accumulation. bit.ly/2xDqeQ2
Starting this early in life will ensure that you become a millionaire before you retire.
Are you an entrepreneur? Download my FREE Guide, Way to Wealth by clicking the link above.
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pay yourself first, save money, save 10 percent, invest 10 percent, self made millionaire, how to get rich, how to become rich, how to save money,
@BrianTracyOfficial 4 жыл бұрын
What's your favorite way to save money? Share it with me in the comments below! Want to build a profitable business? Use my free Way to Wealth guide >> bit.ly/2xDqeQ2
@hovhannessiunyan2575 4 жыл бұрын
Brian Tracy By knowing for what reason I am going to save money, that consequently doubles and triples the desire to save money faster and smarter.
@mariiaisachenko9811 4 жыл бұрын
Brian Tracy thanks for sharing it with us! To tell you the truth I can't save it and I have no my own security place for living and spending time as I want in so I feel stressed and disorganized all the way and this makes me feel happy when money come and go, come and go, otherwise if it is saved I feel like something gonna changed my confidence and calm State and it happens, new debts are organizing cause of the value of the current needs, like paying for the food, roof , help others in need sometimes. May it's not obvious for me yet but I feel like stuck and boring with the money when they are saved and no pleasure at all in this state of being, thanks! 😛
@muhammednouman4497 4 жыл бұрын
Sir but isn't it that "savings are losers" by Robert as the dollar gets printed everyday and loses its value. Can you convince me?
@hikari_shinazugawa 4 жыл бұрын
Pay you first
@csick11 4 жыл бұрын
My motivation for savings is to retire early and be better than the americans who lives paycheck to paycheck! Its good to invest in multiple retirement savings and have different bank accounts where you do not touch! I keep 1 checking for my expenses and have 2 different savings account and not including 401k and Roth IRA! Unlike many people I take advantage of credit cards and limit each month how I use it. I would use my credit cards for spending but pay it off each month! I'm building more credit while saving
@earthsteward9 4 жыл бұрын
My tip is never overspend in one month thinking you cut back later. You won't. Also do lots of research on finances and don't take the first advice you hear.
@ChrisInvests 4 жыл бұрын
Brian is the best of making money and inspiration 😀👍
@tonysteel1377 4 жыл бұрын
One of the fastest tracks to personal wealth, is to pay yourself!
@seanmatthewking 4 жыл бұрын
I asked myself for a raise, but then I thought I was being too greedy, so I fired myself. That'll show me!
@charlescalloway8969 3 жыл бұрын
Have you been paying yourself tony?
@tonysteel1377 3 жыл бұрын
@@charlescalloway8969: Even after losing my job in March, I’ve still been paying myself. Of which, I’ve turned those savings into a six-figure portfolio, and struggling on the trek to become a millionaire. Wish me luck! ☘️
@tonysteel1377 3 жыл бұрын
@@seanmatthewking: 😂😂..!! Well I was actually fired!
@DeezNutsInYaMouth 4 жыл бұрын
Even better: save 30% of your monthly income. Every year take half of the 30% saved and buy assets (things that retain and increase in value) Repeat until wealthy. Remember money that is saved should only be spent on things that go up in value. By doing this you never loose money and it keeps multiplying in 3 ways. 1st way: The money is multiplied naturally as it increases over time. 2nd way: more lucrative assets can be purchased over time with increased capital 3rd way: The money isnt wasted and spent on depreciating liabilities, so it has no choice but to grow uninterrupted. Research the difference between an asset and a liability !
@nurhameed2298 4 жыл бұрын
Thanks for sharing this with us, you’re so inspiring thanks again
@werschwebex4758 4 жыл бұрын
Great , have learnt a lot from you and will keep on. May you be blessed.
@RyanJFeng 4 жыл бұрын
My tip is to manage your income, expenses, investments on a spreadsheet. You can see your financial allocation clearly so that you can truly PAY YOURSELF FIRST. Also, when every paycheck comes in, all I need to do is put the money into the investments first and the rest of it will take care of itself.
@MrStlover99 4 жыл бұрын
Buy assets that produce cash flow. I'm not waiting decades to be rich
@ksayrah1987 4 жыл бұрын
Most investments are for long term. Five years is a great start. You want investments that will pay you dividends and generational wealth!!
@Theardit952 4 жыл бұрын
Finally someone who listened to Robert Kiyosaki
@YoutubeBrand 4 жыл бұрын
I agree. It’s more important to pay yourself, then to pay others!
@MarieHolliday Жыл бұрын
Agreed
@fahmirahim5890 4 жыл бұрын
Great video with seemingly no judgments from the speaker as we might be having problems to start saving. Thus, from at least 1% and increase the percentage of savings slowly will really help one to be a money saving expert. Thank you Mr Tracy.
@BusinessMotivationFamily 4 жыл бұрын
Good outlook and great tips...Everyone is looking for ways to save money. I find money management apps a great helper in this area. The apps completely cover every area of your expenses or income. Maybe give one of them a try.
@MarieHolliday Жыл бұрын
Informative information and so important to always pay your self first awesome channel
@jamesjhonson4568 4 жыл бұрын
Stopped using credit cards, stop buying from convenience stores, buying from vending machines, write down everyday, your expenditures no matter how small.
@isobelndoro 4 жыл бұрын
Thank you for the tip
@1Walters 4 жыл бұрын
You cant live without credit in the US. You'll work forever unless I'm mistaken.
@rose4u111 4 жыл бұрын
This is good information; thanks for sharing!💯
@WealthbuilderzTV 4 жыл бұрын
I like doing a automatic savings every time I get paid. It takes the angst out of doing it myself.
@Andy-wp6lj 4 жыл бұрын
Please bring Brian back 🤞😁
@BrianTracyOfficial 4 жыл бұрын
I'm back next week
@mr.c7411 4 жыл бұрын
i will be happy to hear that
@editwidit9046 4 жыл бұрын
i daily save 400rs....and after collection of one year i invest this money into my business... and this helped me to grow my business
@roshnirumi6858 4 жыл бұрын
This is a very good and informative video
@taiwostephen4026 4 жыл бұрын
Wow this video of learning how to save is really nice
@sudeshnaghoshal1511 4 жыл бұрын
When I see salary credited, first thing I do to transfer money for saving loan etc. Then I keep the amount in the saving account to run the month. You are right, it all comes with habit and dedication.
@rajmalhotra420 4 жыл бұрын
A great video from Brian Tracy
@leasplans894 4 жыл бұрын
How do you start a mutual fund?
@shailzaburman8477 4 жыл бұрын
Hey, I tried keeping a record of all my expenditures every day,but I stopped doing it now because it stresses me out while looking at the amount of money I spend.I do save 20% of my income, planning to save more now.Thanks!
@watchmesave4912 4 жыл бұрын
Good luck
@jairusezekiel 4 жыл бұрын
We are saving new 10 peso-coins, 5 peso-coins, and 1 peso-coins and put it in a jar. Everytime we get new coins, we keep it and we did not use it for spending. We are doing it for 5 months now.
@shawarmageddonit 4 жыл бұрын
I hope you're at least gonna use it to invest in assets. Otherwise, it'll just lie around and slowly decrease in value.
@ihopealliswell 4 жыл бұрын
blessing around you , thanks a million :)
@OliverLeu_Gitarrenunterricht 4 жыл бұрын
I See what the Goal is, but ist that a life? Saving money and Hope you will Reach your retirement and have a Million? The saved Money should be invested for realizing ideas, founding a Business and maybe make that Million earlier - and have fun in the meantime. And it is a proven fact, that only Money Will Not make you happy.
@freetobemusic 4 жыл бұрын
Build life so that you can live life and have fun. If you neglect to delay gratification you fall under a cycle of having your finances be like a rollercoaster up then back down, whem what will benefit you in the long run is forming habits to make sure it is only going up.
@preciousa1555 4 жыл бұрын
I ask myself each time I want to buy something, is it necessary, what's the consequence if I don't buy it
@Elaba_ 4 жыл бұрын
Show the funds that make 10 % annually throughout the decades.
@chrissansonetti3515 4 жыл бұрын
SPY is the best best fund over the long term- it beats 96% of all mutual funds
@Linartowijaya 4 жыл бұрын
Indonesian Stock Index is 12% annualy over 20 years.. 14% annualy over 10 years.. Included?
@queenwifemomdaughter2970 4 жыл бұрын
It’s too easy to be critical....level up
@nozikhumalo8076 4 жыл бұрын
the stock market has been shown to give those returns or more over time. Like Buffet, you buy and hold.
@Elaba_ 4 жыл бұрын
@@nozikhumalo8076 Isn't 7% a more realistic number?
@popybarua3216 3 жыл бұрын
The Richest man of Babylon. This book is worth a reading ....
@SreynaChhoeng 4 жыл бұрын
Nice video 👍 I like all kinds of your sharing
@narayankunwar6506 4 жыл бұрын
really useful thanks
@justinredman9463 4 жыл бұрын
10% is likely not going to make you wealthy, but it'll get you started. Great video!
@paritoshjha28 4 жыл бұрын
I learned a lot from these channel
@vladislavagamuradov 4 жыл бұрын
Thank you!
@KOORSIM 4 жыл бұрын
10% annual interest? tell me where you live I will relocate be serious...
@Iminyourzen 4 жыл бұрын
Excuses
@csick11 4 жыл бұрын
@Belinda Mosley shes not making excuses. Shes asking what bank pays out 10 percent lol
@MrTmenzo 4 жыл бұрын
S&P index fund, vtsax index fund and vanguard star fund are around 8-10%
@csick11 4 жыл бұрын
@@MrTmenzo that all depends on stock marker value. 100 dollars a month wont build millions so 10 percent describe in video is bogus scam! You can put away 1k a month 20 years and it wont hit 1 million in profit! My job matches 200 percent up to 6 percent in my 401k and that's better than Boeing and Microsoft retirement and I still dont have 1 mill in there. I invest in Roth IRA as well and limit 6k annually. If your employer doesnt have good matching. Roth IRA is smart choice. Compound interest on it is unreal. I told my son to start 1 when he was just 18 and hes now 30 years old and he has nearly half a mill just by banking 6k into it
@Mayanbandz 4 жыл бұрын
Exactly! Where are these 10 percent annually increases ?
@griso107 3 жыл бұрын
Cool..great advice
@jasoninsleyify 4 жыл бұрын
Great advice for everyone thank you!
@prettylittleinvestor 4 жыл бұрын
Where’s the real Brian? ❤️❤️
@czastopieniadz7164 4 жыл бұрын
Great video, remember that you are doing everything for old You, so start now.
@milessuco2917 4 жыл бұрын
Amazing.thanks
@multibaggerswings 4 жыл бұрын
Superb
@ik_vlogs84 4 жыл бұрын
What i learnt from the Book "Richest Man in Babylon" Pay yourself/save/invest 10% of earnings Expenditures should not be greater than 70% of earning Debts: Pay 20% of earnings
@rokellc 4 жыл бұрын
I have this audio book. I have listened to it so often, I have most of it memorized! It has some of the BEST financial advice I have ever heard!
@hovhannessiunyan2575 4 жыл бұрын
Can’t wait to see you back Mr Tracy! I am just 17, yet I have gained a lot from your videos, which I am sure will bring me millions and self-confidence throghout my life. Thank you for your generosity👍
@nurhameed2298 4 жыл бұрын
I am 16 and his videos, his books & his tweets are very useful, he’s literally the best
@camez2345 4 жыл бұрын
You guys are awesome for thinking about all of this so early in life! Best of luck to you both. I'm sure you'll do well 👍
@nurhameed2298 4 жыл бұрын
That’s so nice of you,thanks
@MarieHolliday Жыл бұрын
Great to be starting so young
@annbless8388 4 жыл бұрын
Thank you so much you just opened my eyes .
@sheilaarp6453 4 жыл бұрын
I find that having my bank each month to automatically take from checking and put in savings
@studyplusmathematics562 4 жыл бұрын
I m from India and here every body saves atleast 20% of their income
@ZooomaCW 4 жыл бұрын
That must be why Indians own all the convenience stores in America, they save their money there and move here. Good work!
@sahil.shaikh_9t 4 жыл бұрын
@@ZooomaCW 😄
@HumansOfVR 4 жыл бұрын
*_Money Management is such an important skill. Too bad they don't teach financial literacy in American schools_*
@thiagomarto 4 жыл бұрын
Not either in Brazilian schools... :(
@darlenepaul2934 4 жыл бұрын
Isnt that the sad truth!
@dandreiagonzalez5921 4 жыл бұрын
Thank you, thank you, thank you 🙏
@na0m1fes51 4 жыл бұрын
thanks 🙏
@TheGonzedd 4 жыл бұрын
Average mutual fund at 10%? Which one(s)?
@hikari_shinazugawa 4 жыл бұрын
Right now i am applying that i dont have much but it is a start
@AcesizOfficial 4 жыл бұрын
🙌🏽🙌🏽🙌🏽
@doctorprice65 4 жыл бұрын
Thanks
@lungakohoho8444 4 жыл бұрын
Thanks for the lesson
@toriedavis4403 4 жыл бұрын
I save in precious metals, and my savings is on automatic. I never even see or touch the money that i save, and I love it!
@DanyePhillips 4 жыл бұрын
I ensure my checking accounts have enough money to cover the purchase prior to making the purchase and then I use my credit card and pay it off rounding up to the nearest dollar immediately.
@manjarishukla8787 4 жыл бұрын
Thank you 😇
@gyulazen 4 жыл бұрын
Saving money on monthly basis and invest in to dividend stocks 👍
@Excelcoaching2020 3 жыл бұрын
Thanks for your recording on savings.
@mujeresvictoriosas6881 4 жыл бұрын
Set an automatic transfer out of your checking into your savings, treat as a monthly payment, but to yourself.
@adri0n 4 жыл бұрын
Don’t go out. And you will save a fortune 🙂
@babatalks4993 4 жыл бұрын
Thank you sir...
@zyvenanderson8313 4 жыл бұрын
The concept of saving 10% of your income sounds good in theory, but how as a American are you able to do that when over 30% of your earned income is TAXED??!!!
@searchersearcher8286 4 жыл бұрын
Focus on Not spending and savings will happen
@shawarmageddonit 4 жыл бұрын
No, you're right. No American was ever able to do it. In fact, throughout history, no single human being who ever paid more than 30% in income tax was ever able to do it. If that's your situation, you're just shit outta luck. Sorry to be the one to tell ya, but better sooner than later.
@petitwhite6366 3 жыл бұрын
If you do not want to pay tax then don't use the roads, bridge, fire Department, clean water, clean ocean, clean air. God forbid if you have a stroke or become unemployed, don't ask for government financial support and don't ask for free medical insurance. Your tax is there for good reasons. Just cut down your expenses somewhere else.
@thetruth3322 4 жыл бұрын
Thank you.
@ologan1480 4 жыл бұрын
Thank you
@mariya9876 4 жыл бұрын
My tip is save for big expenditure upfront like festivals. Save all you can. try minimalism. And earn more money
@saritaagarwal5484 Жыл бұрын
Short and nice story
@miguelmflowers 4 жыл бұрын
I've watched only 6 of your 610 videos but I'm learning tons of information! Thank you!
@jalupot Жыл бұрын
Powerful Speech. Good job!
@PandorasBox2 4 жыл бұрын
hmm where i live even if i save 50% of my income after 20 years i probably can only buy 5 meter home! or less
@ZooomaCW 4 жыл бұрын
Why don't you move where your money will buy you much more?
@PandorasBox2 4 жыл бұрын
@@ZooomaCW that was the plan but inflation in my country so crazy i worked 10 years to get the hell out of here, instead now i have less than 10 years ago =_= if you wonder i live in Iran...
@darlenepaul2934 4 жыл бұрын
@@PandorasBox2 I'm sorry to hear that...but dont give up on your dreams.Find another way.Perhaps a buisness of your own.
@sadboi.9020 3 жыл бұрын
Thankkk youuuu soo mmmuchhhh
@swso8241 4 жыл бұрын
Sir u r our mentor ,god ,guru everything pls tel me how to implement anything fastly &how to get rid of bad habits as i m v lazy and procrastinate work
@BrianTracyOfficial 4 жыл бұрын
Click here for my best tips on how to stop procrastinating: bit.ly/2XD88x3
@sanjukushwah2238 4 жыл бұрын
Thank you sir
@Je.rone_ 4 жыл бұрын
I was born a miser every since i can remember i been tight with my money idk why💪🎭
@darlenepaul2934 4 жыл бұрын
Its better than being a spendthrift.However you might want to work at restoring some balance in your life.We should enjoy some of our money and also ask God's guidance to help others at times when we can.It makes us happier and a better more whole person.
@devilhunter3057 4 жыл бұрын
Good Advise
@Hamsabinhameed 4 жыл бұрын
Nice video please slow video speed
@beastgaming4695 3 жыл бұрын
I am finishing high school next year. Wish me good luck
@terryharris1291 4 жыл бұрын
Pay yourself the first hours pay from each day and add more over time.
@mayoorathyshagivan7419 4 жыл бұрын
Thank you thank you then you
@deviak 4 жыл бұрын
Very thanks
@brainsoftech 4 жыл бұрын
Before making any decision I think for at least 3days and the result is always safe 😇
@jamsheedbegum1067 4 жыл бұрын
GREAT ANCIENT EXCELLENT 👍👌 MR.BRIAN TRACY, I WAS THINKING YESTERDAY ABOUT YOU PERTAINING TO RECEIVING YOUR VIDEOS. AND I AM VERY GLAD THAT I GOT VIDEO FROM YOU, THANK YOU FOR YOUR GUIDANCE 😊
@BisiedigitalSerjew 4 жыл бұрын
Lovely Lovely...
@AnuragSingh-kv5br 4 жыл бұрын
Love It
@grgsem5189 4 жыл бұрын
This is for who work. What's the tips for employment.
@sathiya395 4 жыл бұрын
Very useful thank you so much
@oluwashava7989 4 жыл бұрын
Mr Brian I so much love your videos have even read some of your books and they inspired me in many ways . Thank you once more
@MarieHolliday Жыл бұрын
I've read two of his books awesome
@jincyjohn8372 4 жыл бұрын
When need arises we automatically go in with the saved money....
@nikkivancusay8156 Жыл бұрын
thank sir
@mohamedimzath9443 4 жыл бұрын
Where is Mr Brain Tracy? Miss him
@applebomb4091 4 жыл бұрын
If I worked full time steadily I would be a millionaire by now.
@shreepatnikam8305 4 жыл бұрын
The video is very good and realy helping. I only sepend mony which is required for simple and happy family life. My saving r mostly spent on others for helping them.
@neetabudhraja 4 жыл бұрын
To help others is a good gesture.. but dont take out from your 10% savings.. thats for you.. To give n help save extra 5% or 10% of ur income in a separate jar or account each month n that money you may use for helping others.. I also learnt it recently and i am keeping that money separately now for 3 months..
@penaic 3 жыл бұрын
I feel like I’m relying on my petition money when I retire. I live in a city with very high cost of living. Most of my paycheck goes to my monthly bills. I can I save? If I relocate, I won’t get my petition 100% when I retire. Any advice?
@shanewilson8728 4 жыл бұрын
I personally think that you need to save more ten percent. I think it should be a minimum 25 percent to achieve financial freedom. 30 years ago, ten percent would have been enough back then. But now the cost of living keeps going up, and were constantly paying more in taxes.
@anuragpandey8988 4 жыл бұрын
i am saving money from last 6 month ( my new year resolution)
@hikari_shinazugawa 4 жыл бұрын
Congrats
@stephenshepard1657 4 жыл бұрын
I'm starting to save $100 a week, which leaves me about $50 a week to spend after all my bills and necessities are paid. Of that $100 a week, 1/3 is invested in silver and gold, another 1/3 into online sales (growing at ~10% monthly) and the other 1/3 in a savings account. my goal is to buy a house in the next 5 - 10 years.
@papibernz 4 жыл бұрын
I keep at 5% and make extra job to have extra income
@yourmaster8094 4 жыл бұрын
Now should i cash out 50% and save it at home (fiat money saving) or put that rather online in my savings account ?
@shobinbinu4413 4 жыл бұрын
what are the books to read for "MONEY SAVINGS"
@arungeorge2922 4 жыл бұрын
Richest man in babilon
@BrianTracyOfficial 4 жыл бұрын
Hello Shobin. I would highly recommend reading " The Science of Money: How to Increase Your Income and Become Wealthy": amzn.to/2LmI6Yn. I also have a blog post called "Financial Freedom In 7 Steps: My Formula For Happiness And Wealth". Click here to read now! bit.ly/2xNoi7T
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