We are in a world where people know that saving is good and investment is even better but nobody saves simply because people believe they must have reasons to save, even those who are saving for one reason or another can also do better, and this is the main reason why people create perfect excuses for themselves not to save, like they need more money or big investments to be able to save, which is a lie. Your earning power won't determine this, if you can't say when you earn less, it is possible that you can't save even when you earn a lot of money.
A great example of the power of saving is the story of the janitor who saved $8 million. This illustrates that earning a high salary is not a prerequisite for saving money. Often, our desire to impress others and our egos prevent us from saving. To overcome this, we need to shift our mindset and focus on being humble and unconcerned with what others think of our saving habits. By doing so, we can save a considerable amount of money without relying on a high salary.
The big companies puppies
Many large companies around the world use the expertise of psychologists to understand how people think when they are desperate to buy something. This knowledge is then used to create marketing campaigns that convince people to buy products they may not necessarily need. Companies like Apple and Nike release new products every year and use psychological tactics to make their products irresistible to consumers. It's easy to feel like we need to buy more and more in today's world, but if we take a closer look, we may find that many of the things we buy are just to satisfy our egos. Big companies know this and use it to their advantage.
no matter the amount of money you earn, if you are not determined to start saving and only go for the things you need and not the things you want, you might not be able to save. This is why the janitor saved $8 million, and people who are earning more than the janitor don't even have 10,000 in their savings, even though they aren't ten times more than the janitor. It is simple logic, the janitor doesn't care about what people think of him he chooses humility above all, those who earn more just blindly follow their ego.
We don't even need a reason to start
It's not uncommon to hear people say they need a reason to start saving, but I disagree. We must start saving regardless of the reason, is important because it can protect us from unexpected emergencies like health-related issues that can have a significant impact on our lives. It's not just about being able to handle sudden repairs, but also having the freedom to make choices about our future. By keeping control over our finances and building up a solid savings account, we can be better prepared for whatever life throws our way.
One of the reasons why people lose their way is because they don't have the luxury to choose. What I mean by choosing is that they don't have the authority to choose or wait for better jobs, or better investment plan., they don't have the luxury to choose what they want and just because they have to survive, They do anything that is thrown at them, but savings help us to deal with this. It gives us total control over how we want to live without rushing to do things we don't want to do.
For you to start saving automatically on hive use the @hive.autoclaim service.
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People live in the moment and it's hard for them to look towards a longer time frame. I do agree that it will limit their choices down the road if they don't plan ahead.
It's definitely simple logic, not caring what people think will put you far ahead in life than caring what people think about you. Building up our savings is important to prepare for the unexpected future and perhaps, later investing that savings towards achieving financial freedom.