This is exactly what I did and it's been working for the last 3yrs. I have a 401k, I save all coins in a coin jar, cut out an expensive cell bill, stop buying/playing videogames, take a lunch to work at least 4 days a week instead of buying one and most importantly I "pay myself first" before paying any bills. The second part I did was increase my earning ability by changing careers. If you make more, you can save more as well. Don't lose focus...it will work!

I used to get my pay check and put a small amount of money in my savings and then every time I ran out of money in my checkings I would take some money from my savings. Telling myself I would just double the amount on my next pay check. The key to saving is not only "paying yourself first" but to keep that money there. Don't touch it!! I started off with only putting $50 every paycheck and now I am putting over 50% of my monthly income into savings. I love this so much. I would have never been inspired to do so with out this. Thank you!

Anyone watching this video should just listen to how it applies to your own life and please don't criticize. This is very sound advice, paying yourself first and only spending that amount on self habits or things you like will give you the discipline needed to live today or at anytime. I started living this way years ago and there is never a moment I stress about money, listen to him carefully and use this advice.

I learned the hard way that LUXURY is not your friend. For when times get tough LUXURY will leave you in despair. You may think of course NECESSITY must be your true friend, but nooo, NECESSITY is like Family, it is always nearby but doesn't always help to get you out of a rutt. Who then is your true friend? Your true friend is FRUGALITY, for even during the toughest times it will be there to help you.

I can only afford to save about $100 a week from my Checks, aye, it's better then Nothing! In a year just to know ill have $4800 to play with is great! But if i don't touch it, then in 2 years whopping $9,600! But in 3 years! $14,400! All because i saved $100 a week Adds up real Fast! Lets go baby!

no doubt that you are still the best in the world sir

Unless someone understands the magic of "compound interest" saving a small amount of money may seem like a waste of time. But when your money begins to earn money you are making money twice as fast; there is the money you add to your account every month and the interest you earn from monies already in the account. The book "the richest man in Babylon" is a classic and if you have not read it you should. Brian you hit the nail on the head as always. Thanks much

Great video, I have been saving since I was 13, I am now nearly 19 and I have never taken any money out of my saving... only added to it and it is growing amazingly!

**Thank you, I'm starting to write things down now. I do Daily Affirmations & I also Meditate now. Just stared these things and I really feel it and people are seeing it too. Thank you for this video**

Thank you for your great videos and advice!

I love how Tracy is explaining just like my late dad I will start . Thank u ❤

Thank you for sharing this. The advices seem so simple but so difficult to do sometimes.

Thank you so much for sharing! I need to get that concept in my head: PAY YOURSELF FIRST!

Thank you for the great advices.

Thank you Mr Tracy for your hard work in putting these video together. It's been very helpful. X

I can't find like his self esteem and self confidence ever ...... it's entirely the most motivational instructor I've ever seen.... thank you sir Brian

Good video with excellent advice, without trying to sell you anything. Thumbs up!

A very good tip for saving money is try not to spend so much money on fast food or and restaurant in general because if you think about it you're spending $5 for a meal that's only going to make you satisfied until you're hungry again. Not to mention money spent on fast food adds up.. Quick. Like seriously quick.

Thank you for the wisdom. I really like the idea of learning to pay yourself first.

Brian you have really made a huge impact in my life. Thank you so much!

this is very helpful , I will start using these advices and hopefully start saving more money !

Great video Brain. I'm 20 years old, have 8K in debt from welding school. My current plan is buy a rig truck and a welding rig. I already have a job welding that pays 22.00$ a hour. My plan is to pay the debt, buy the rig truck because one is available and cheap from someone I know buy the rig. Work my regular full time job, and do some welding on the side and save every penny that I make from working on the side "After I cover the cost of doing the work". With the U.S. in the kind of "Shaky" place it's been it's never a bad thing to have some money stashed up in case of losing my job, or whatever other expenses on top of having a good retirement. I'm going to watch some more of your video's and see where else I can cut cost. Thankfully I have a great girlfriend who loves being cheap as much as me. We have a competition every month to see how low we can get our electric bill. Sounds boring to most people, but I think we are thinking a lot better in terms of other 20 year olds. If I ever do decide to go back to college "I have a two year degree from welding" I'll be sure I pay for it in cash. I cringe when I hear people telling me they have 50k in student loans. Not a good market to be in debt right now.

Great tips thank you Brian!!

I'm hearing you and I will start this week because I get paid every monday. thank you so much for this video

this is great. I especially love the idea of setting up a mutual fund account and let interest do the work, and by the time I retire, I'm rich! Will definitely learn more about this.

Thank you so much for this!

Love you brian tracy. Thanks for all your guidance

Thanks Brian Tracy!

You are amazing my brother, you are speaking the truth!! I will add you to my other greats: Napoleon Hill, Earl Nightingale, Bob Proctor, Les Brown, Dave Ramsey and many others. Great Job my good brother. Loved it Ed .

Your teachings are profound

Thank You Brian for sharing.

Thanks Mr. Tracy. Awesome tips!

Thank you Brian for your video. Your books was my first steps for my freedom. Thank you for your help.

Thank you so much! This is a big help.

thank you for the wonderful insights you are sharing...God bless...

Your money saving presentation is worthy of being on our readers financial library.

Excellent video. Thank you so much Mr. Brian Tracy :)

I will study and save money, Thanks Brian.

Started applying the Latte Factor and it is making a difference.

This guide was very helpful and now I feel equipped with the tips and tricks to start saving.

Thank you so much for this video, this is amazing and I will indeed follow these steps right away.

Being a 55 year old man, coming from a middle-class family, I have learned, that there are three nationalities, that are excellent with saving money, Jewish people, Jewish people, oriental people, and people from the UK, I can say this because I have known many of them, and I know how they think, when it comes to money, most of them look like they don't have money but they do, they don't forget where they came from, I respect all of that, and even though I don't make a lot of money on disability, following their mentality, will make you a wealthy man in time, and I'm not a white boy, I'm Sicilian !!!!

I love this. Thanks for making this video! Subscribed!

The self payment is very beneficial. I like how he say pay yourself first.

great vid!!!

Great Brian, see youuuu!

Overall, this is very sound advice. Saving can be difficult but changing your mindset to "I'm paying myself" can help. It is a great idea to start with a small percentage and increase it as you adjust your mindset.

I agree! It is crucial in your young working life to be disciplined toward saving in order to become financially free.

Woow thank you very much. That was really helpful

Brian, the videos you have posted have made some more transformations in my life. Some of them affirmed my thinking, some have changed, some were altered. I am already seeing more results, awesome stuff! Thanks!

Thank you darth sidious

I learn now, thanks Tracy

I saved $3000 in 4 months putting money aside!! But I rewarded myself by going to Vegas and spent it all :/

We subscriber, thank you for the details.

thank u for the advice start with 10% until 20% saving,,from now on I will follow ur advice.

Thank you for your clear presentation about the subject of "wealth Building".Love these internet of things. Hereby I express our intent to establish a mutual beneficial working relationship with your company.

❤️ thank you !!!

the hand motions have me mesmerized. I need a latte now.

Thank you sir ❤

This made me start saving, I'm working on it.

Thank you 😊

Thank for sharing

Great advice. Everyone must start saving as soon as possible. The best savings can start by cutting down on expenditure.

thanks for the Video.

This guidance is of value because he is showing that anyone can save enough money to be financially independent. If you break your norm of impulsive buying and implement frugality you can live comfortable.

Great insight I must start doing this ...GO

Thanks a lot for sharing this useful video

2020 and now I am financially free💪🏼💪🏼💪🏼

Brilliant, easy-to-follow information. I had wondered how to save, even as I am not prosperous, and this video makes it so simple. I'll just start at 1% savings, and work my way up!!

I was a little confused by this but I think sorta get the gist of it, thanks for the vid!

This is really helpful actually!!

I'm never tired of listening to Brain 🎊🥳🤗

i am a little boy and since my family is in debt i found this video helpful so i told my dad about this and he is going to try it. i used to waste all my money that i earn on some stuff, but this video also made me spent only 75% of my income on what i need and i keep the rest safe, by the end of the month i might earn $114 which is not bad for a kid. Thanks for uploading this video!

thank you...😊😊

at 0:34, he rips one. Listen for it...

This video is awesome!

Great advice ️thanks I have already started to save

Starting is the hardest part. Then going from 1% and up and up and up is the process to get you there.

so convinced!

Very helpful. Very professional

Thats really wonderful advice.. Just need to be implemented

Been saving up since I was a little kid, always loved money I guess haha. I'm 23 now, i'm planning my worldtravel trough 28 countries for 1.5 years !

Thank you for this! I'll be implementing this for my 2015 Goal. and for yrs to come :)

Thank you.

Great advice.

Thanks Brian, honestly i have been making efforts to achieve this but it hasnt been so easy because of other financial commitments. However after your message i have taken decision to be disciplined towards this. Thanks.

I can see how his advice could be useful for people that have no clue on what to do for finances. I think his guidance is valuable.

this guy is right thoe saving is the best way to get rich,

Awesome book!

Useful practical insightful tips

Excellent. advice.

you are the man!!!!

Great video. Financial freedom!

great advice.

hello there I was watching your video and I thought of it as a great idea I live and work in the UK and really loved the idea of the 10% saving per pay check

Top notch !!

sounds great !!! where do you find mutual fund that pay 8 to 10 percent?

Thank you so much sir, u changed my life. already I save but when I started thinking in a different way, I realized that I am spending little AMT for daily transport, now I am going in a public transport and I started investing in mutual fund for 15 years locking period. When I become 60 that would have yielded five lakhs.

Excelente 👌🏻💯

thank you sir