Possibly the most obvious factor of all, but when you stop spending money on pointless consumer goods and instead start building up your savings you’re opening the door to greater wealth.
The fact is that the interest you’re earning on your savings can be seen as passive income. Once you’ve put the effort into saving that money, the interest keeps on coming no matter what you do.
That means that every dollar you save will pay you back for as long as you leave it in the BUILDER SOURCE. More savings means more income over the long term. How wonderful to be able to save money now, and effectively increase your income later in life and Business.
Possibly the Holy Grail of savings (and investments) is reaching a point where the interest your earn is equal to your living and Business expenses.
At this point you no longer need to work for a living; you’re financially independent. You can simply live on the interest and leave your capital in BUILDER SOURCE, accruing yet more money.
While there’s no denying that saving so much is tough without a high paying job, the truth is that the sooner you start, the more time compound interest has to work and the more likely you are to reach that goal.