YOU CAN'T SAVE YOUR WAY TO WEALTH.  Take Massive Money Action Now! episode artwork

EPISODE · Mar 18, 2016 · 12 MIN

YOU CAN'T SAVE YOUR WAY TO WEALTH. Take Massive Money Action Now!

from Christians and Money · host Dr. Trudy Beerman, DSL

I don't care what Dave Ramsey and Susan Orman says.  You CANNOT save your way to wealth. If you listen to them long enough, you will cut every corner to save every dollar and spend so much energy doing that, that you forget to put time and energy into making money. Saving is a money keeping strategy, NOT a money making strategy.  Saving is a good thing to do, but some people have become 'penny wise and pound foolish'. This is an old phrase that means you are freaking missing the bigger picture!  More money will crush your debt, afford what you want and need, and create a more comfortable life for you and those people and organizations you love. MAKE MORE MONEY!    One way to do that is to BUY TIME!  This is counter to some of the saving strategies.  Cutting your lawn may save you $40, but paying someone $40 to cut your lawn may have bought you the two extra hours to grind out more than $40.  The reason why it is accepted that time is money is because most people trade time for money, and use money to buy time.   FAST FOOD is a great example!  We spend a few more dollars than it would cost to make-from-scratch, to give us the time we did not have for the shopping, the prepping, the fixing, and the clean up.  It is WORTH IT to pay those extra dollars to get that time for a more life-improving, money-making adventure. Hire a babysitter for a few dollars, so you can connect with your customers and bring home that fee plus more.  Sometimes, the money saving things we do are costing us our wealth.  You cannot save your way to wealth.  Go out and MAKE MONEY MOMENTS.

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YOU CAN'T SAVE YOUR WAY TO WEALTH. Take Massive Money Action Now!

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