“A part of all I earn is mine to keep” – The Richest Man In Babylon
A lot of people save, but making "saving" a culture is usually the challenge. For only when savings are sustained do they have the accumulated power to yield any reasonable returns. Notice here that the key instruction here is, "develop a savings culture" - not "try saving some money." That’s where the problem is.
Every month, Julia and her cousins would go for the big family meal at their grandparents' house. They would always wait excitedly for the moment their grandfather would give them a few coins." Some of the children thought that they would save their money, but Ruben and Nico, the two youngest kids, paid no attention, and they continued spending all on candy. Ruben and Nico made Clara and Joe so angry that they could no longer stand saving their money. They joined Ruben and Nico in spending whatever they had, as soon as possible, on candy.
Alex, on the other hand, had a will of iron. He saved and saved all the money he was given, wanting to win the competition, and at the end of the year he had collected more money than anyone. Even better, with so much money, he managed to buy candy at a reduced price, so that on the day of the competition he was presented with enough candy that would last a year. And even then, he still had enough left over for a toy. He was the clear winner, and the rest of his cousins learned from him the advantages of knowing how to save and how to wait.
One way to maximize the power to make wealth is by preserving your seed. It is in God’s hands to provide you with seed, but it is in your hand to first preserve the seed. If the seed is not preserved by way of savings, it stands almost no chance of being multiplied at all. It was Thomas Stanley, author of The Millionaire Next Door who said, “Americans spend all or most of their income on things that have little or no lasting value.” And John Poole tied it up when he said, “You must learn to save first and spend afterwards.”
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