Does saving money make you rich?

You must save money or else you will die poor!”, or “You better study hard and find a good job, otherwise how to be rich like that?!” Thinking back, we laugh at it now. But there is some truth to it. read more

“And that’s backwards: You should be saving for your financial goals first, paying your bills and and then consider spending the money you have leftover.” Another trap is putting your good money habits off till “later,” when life will get easier. read more

If saving money can make you rich, and earning money can also make you rich, then the clear conclusion should be that if you focus on both of these aspects of money, you will attain wealth much faster. Saving money, frugality, and building your income are the three basic principles to financial freedom. read more

But let's face it: A few hundred isn't life-changing money," the early retiree writes on his blog. "Don't get me wrong, saving money is great. It's wonderful. It all helps. It's just not the magic sauce to early retirement." Rather, the "magic sauce" is investing, and making your money work for you. read more