When my sister Pauline read my e-book How Savings Saved My Life, she remembered the article that our mother placed in front of our television to remind us how important your savings are so I thought of sharing with you. The author is anonymous to me but if you happen to know, please tell me so that I can give the due credit.
The article goes this way.
Believe it or not, affect the way you stand, the way you walk, the tone of your voice. In short, your physical well-being and self-confidence. A man without savings is always running. He must. He must take the first job offered, or nearly so. He sits nervously on life’s chairs because any small emergency throws him into the hands of others.
Without savings, a man must be too grateful. Gratitude is a fine thing in its place. But a constant state of gratitude is a horrible place in which to live. A man with savings can walk tall. He may appraise opportunities in a relaxed way, have time for judicious estimates and not to be rushed by economic necessity.
A man with savings can afford to resign from his job if his principles so dictate. And for this reason, he’ll never need to do so. A man who can afford to quit is much more useful to his company, and therefore more promotable. He can afford to give his company the benefit of his most candid judgments.
A man with savings can afford the wonderful privilege of being generous in family or neighborhood emergencies. He can take the level stare of any man… friend, stranger or enemy. That ability shapes his personality and character.
The ability to save has nothing to do with the size of income. Many high-income people spend it all. They are on a treadmill, darting through life like minnows.
The dean of American bankers, J.P. Morgan, once advised a young broker: “Take waste out of your spending; you’ll drive the haste out of your life.”
If you don’t need money for college, a home or retirement, then save for self-confidence. The state of your savings does have a lot to do with how tall you walk.
The illustration is by Gelo Martinez
D.J. Ayungo, Storyteller
P.S. 2. Those who got the free version of my e-book last January 7 extended until January 15 only will get the full version of my e-book How Savings Saved My Life. Click here to get your free e-book.
P.S. 3. Here’s what you can expect from the full version of the e-book:
Why You should always have your savings first
How to choose your Vehicle: Which Investment Instrument is right for you?
How to Know your Deepest why: Three Reasons Why You Should Save and Invest in the right Financial Instrument
Why Some People Almost Always Earn in the Stock Market: The Cost Averaging Method
How to have the right Mindset to succeed in investing and other areas of your life