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Optimal Finance Daily - Financial Independence and Money Advice

1431: Personal Finance: 4 Ways to Save Money and Improve Your Money Management Skills by Brian Tracy

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Education, Self-improvement, Investing, Business

4.41.3K Ratings

🗓️ 8 February 2021

⏱️ 9 minutes

🧾️ Download transcript

Summary

Brian Tracy tells us of 4 ways that we can save money and improve our money management skills. Episode 1431: Personal Finance: 4 Ways to Save Money and Improve Your Money Management Skills by Brian Tracy Brian Tracy's goal is to help you achieve your personal and business goals faster and easier than you ever imagined. BrianTracy has consulted for more than 1,000 companies and addressed more than 5,000,000 people in 5,000 talks and seminars throughout the US, Canada and 70 other countries worldwide. As a Keynote speaker and seminar leader, he addresses more than 250,000 people each year. He has studied, researched, written and spoken for 30 years in the fields of economics, history, business, philosophy and psychology. He is the top selling author of over 70 books that have been translated into dozens of languages. The original post is located here: https://www.briantracy.com/blog/financial-success/personal-finance-money-management-tips-save-money/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

It's a minimalist Monday edition of Optimal Finance Daily, episode 1431.

0:05.8

Personal Finance. Four ways to save money and improve your money management skills.

0:11.0

Buy BrianTracy of BrianTracy.com.

0:14.1

And on your host and personal finance enthusiast, Diana Mariam.

0:18.3

This is the show where I serenade you with the sweet sounds of personal finance knowledge

0:23.2

from some of the best blogs on the planet, with the author's permission of course.

0:27.9

But for now, let's get right to today's post as we optimize your life.

0:36.4

Personal Finance. Four ways to save money and improve your money management skills.

0:41.7

Buy BrianTracy of BrianTracy.com.

0:45.9

Virtually every single person in America who is financially independent started off with nothing.

0:51.6

But they acquired good personal finance habits, learned how to save money,

0:56.1

and improved their money management skills. Eventually becoming some of the most successful

1:01.0

people in their communities. And anything that anyone else has done, you can probably do as well.

1:07.6

Save money by using a long time perspective. To save money and become financially independent,

1:14.4

you must begin living on less than you earn even if you are deeply in debt.

1:18.8

One of the most important guarantors of your personal finance success is called long time perspective.

1:26.0

Take the long view. Develop a long-term attitude towards yourself and your financial future

1:32.4

and begin thinking in terms of where you want to be in five and ten years.

1:36.7

This long time perspective will have an inordinate impact on your personal finance habits

1:41.7

and money management skills in the present, and will help you save money over the years.

1:46.7

The starting point of financial independence is described in George Classen's book,

1:51.6

The Richest Man in Babylon, as pay yourself first. He says that, quote,

...

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