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Habitual & Moral Life-Styles

(LESSON 1):--HOW TO FORM HABIT OF SAVING MORE MONEY

Posted By:--Anyi-Nature
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(How to form the habit you required to save more money)

“The lasting favor you can confer to a child as a parent is helping the child to help him/herself”.
Advising someone to save money without exposing the process to follow in order to save that money is what I think looks like an elusive statement.
And the uppermost question in the mind of people who do not save is; “how can I do it?”

As someone who finds it difficult to save, you should know that the process of saving money is---- all about habit. For this being the reason, we are going to start this article with THE LAW OF HABIT.
According to the law of habit, it has been proven that any action or deed perform often, due to the repetition after a particular time become a routine and the brain has to be accustomed to it that, you do perform same action even when you are not told to. Such is INITIATIVE.

Speakers proved this to be true by saying that; by mere telling a story often and on which is based on pure fiction, the mind becomes accustomed with it that you immediately forget that the story was based on fiction and finally starting to believe it is true.


WHAT TO DO AND WHAT NOT TO DO IF YOU WANT TO FORM HABIT OF SAVING:
1. DO NOT FIX YOUR MIND TO A GIVEN EARNING CAPACITY: this will make you not be able to earn more than that, because, law of habit will set up a definite limitation of the amount you can earn.

2. INCREASE YOUR EARNING POWER: set up an accurate, definite description of that which you want, including the amount of money you intend to earn. This idea will destroy the poverty consciousness and set-up a prosperity consciousness. Definitely, you will begin to demand prosperity, also be expecting it, and finally begin to prepare yourself to receive it and to use it wisely; this will help you pave the way for the development of the habit of saving.

3. MAKE USE OF LAW OF SAVING BY PROVISION: in your list of definite chief aim which you might have written down, make room for saving a definite proportion of all the money that comes your way.

Note this: as your earning increases, your saving should increase likewise.
By ever urging yourself and not fixing your mind on a given earning capacity, and by increasing your earning capacity, equally making use of provision by proportion as your earning capacity increases, you will reach the point at which you have removed all imaginary meditation from your mind and will soon be leading to the road towards financial independence.

To prove these three habit of saving principles true, let us reverse the operation of the law of habit with little illustrative story;
Using magazine publishers as an example, they could create a panic in daily business news by filling their bulletin with news about business failure of the country, despite the fact that, few businesses to be compared with many who succeeded failed. Yet, people and the country go worried about the incessant failure of businesses in the country.

The kidnapping saga then in one states in south-east of Nigeria is another example. The report of the kidnapping crime in Abia consistently, triggered the same pattern of crime in other states of the south-east then, like Anambra and Imo.

The so called “crime waves” are in a large extent the product of sensational journalism.

Debt, a fatal enemy of the savings habit

If you ask me who is the merciless master? I will tell you DEBT is. It is a fatal enemy of the savings habit.

No man can save or form the habit of saving with heavy debt hanging on his neck, poverty alone is cable to kill-off ambition, destroy self-confidence, and destroy your hope, then think of when added to it the burden of debt.

All who are victim of these two cruel masters are practically doomed to failure.

So, have it in mind that the accumulation of debt is a habit. And it starts in a small way and grows until it accumulates to subduing tendency and you will be heavily indebted.

Many young men start their marriage with heavy debt hanging on their neck, and when the eve of sweet married life continues to wear-off then what follows is dissatisfaction and often times divorce.

How to avoid the slavery of debt and be able to form habit of saving;
(a) Resolve to be no man debtor by thinking of what you owe yourself and those who are dependent upon you--- this is the advice of one successful man whose early life and chances were destroyed by debt.

(b) Throw-off the habit of buying that which you did not need.

For our information, there are two classes of debt as described below:
1. Dead loss debt (debt incurred for luxuries)

2. Professional or business trading debt ( debt incurred in the course of professional or business trading which represent service that can be converted back into assets)

Note this: the first class of debt is what you should avoid. You may indulge in the second class providing the debtor uses judgment and do not go beyond the bound of your reasonable limitation.

i.e., be conscious of the type of business carrier you want to get indebted into. It should be lucrative so that you could be able to pay back in possible time.
In this article, we started from;
1. How to form the habit you required to save more money;
2. WHAT TO DO AND WHAT NOT TO DO IF YOU WANT TO FORM HABIT OF SAVING;
3. Debt, a fatal enemy of the savings habit;
4. Avoiding slavery of debt and be able to form habit of saving;
5. Two classes of debt.

I advise you take time to read and digest this and you will be on your way to forming THE HABIT OF SAVING MORE MONEY. Which is a step to financial success, he who does not save hardly get rich.
Then,
HOW MUCH ONE IS EXPECTED TO SAVE
(Is there definite amount one should save?)

Having gone through the habit of saving above, what should come to mind next is how much should one save?
And this question could not be answered in few words because; there are many conditions that determine this, some within our control and some which may not be.

But let us look at a man who works for a salary and how much he should apportion his income about as follows:-------

Savings account……….20%
Living---clothes, food and shelter……….50%
Education……….10%
Recreation……….10%
Life Insurance………10% Total = 100%

However, look at the average man and his approximate distribution and what he actually makes of his income:
Saving……….NOTHING
Living---clothes, food and shelter……….60%
Education……….0%
Recreation……….35%
Life Insurance……….5% Total=100%

Examining the line for recreation at the average man and his approximation, we should come to understand that, under this are much expenditure that do not really recreate, such as money spent for alcoholic drinks, dinner parties and other similar things which may serve to undermine health and destroy character.

Looking at the life of a relation of mine who was a banker but, loved spending more than he is paid,
This young man earns N25, 000.00 per a month from a micro-finance bank and spends more than N50, 000.00 monthly by attending to many shopping malls with his wife who also was engulfed with this habit of expenditure.

It happened that he made away with 5million naira belonging to the bank in order to meet up with his spending habit and unfortunately was caught from the act and sentenced to prison.

Fortunately for him, his relations came to his rescue and it was demanded he should pay back the money which warrants selling-off a piece of land at the price of N8m in order to bail him out.

You see! From his outrageous habit he has wasted not less than 13m naira in a bid to satisfy what he called entertainment or recreation expenditure.


BELOW IS THE SUPPOSED EXPENDITURE AS YOUR FAMILY INCREASES:

A family of two persons, with income of N100.00 monthly should budget thus;
Saving = N10.00 or N12.00
Cost of shelter or rent = N25.00 or N30.00
Clothing = N15.00 to N20.00
Recreation = N8. 00 to N10.00

A family with income of N100.00 monthly should that income be increased to N125.00 should save N20.00 of the amount.


A family of two persons, with income of N300.00 monthly should budget thus;
Saving = N55.00 or N65.00
Cost of shelter or rent = N45.00 or N60.00
Clothing = N35.00 to N45.00
Recreation and Education= N50. 00 to N75.00

Just as the salary increases, your saving budget should increase in proportion.
But instead of practicing this habit of saving, many young men have gone to the extent of purchasing cars before they pay for it.

Which have kept them at the slave trade master of debt, difficult for you to break out from because, hence you have formed the habit of buying to be deducted from your salary, it seems sweet and easy but, it leaves no one with habit of saving at last.

HERE ARE OPPORTUNITIES THAT COME TO THOSE WHO HAVE SAVED MONEY

A few years ago a young man who worked for a printing press experiences this kind of opportunity. One of his fellow workmen who formed the habit of saving N500.00 a week advised and influenced him to form same habit too.

Three years later, he was able to save a whole lot of money and the printing company he worked for got into financial difficulty and was about to fail.

He came to the rescue with his savings and in return was given a half interest in the business.

Today he is drawing out of it, as his half of the profits, a little better than N250, 000.00 per year.

Had he not form the habit of saving, this opportunity would have eluded him.

As we all know, the greatest thing in life is FREEDOM!
And there is no real freedom without a reasonable degree of financial independence.

The only escape from this lack of habit of saving which curtails freedom is to form the habit of saving money, definitely live up to it in life no matter the level of sacrifice it may require.

Millions of people go through this menace of lack of saving money including me the writer of this article, and unless you are one of the rare exceptions who listen and seek for knowledge this lesson and all that is contained here are meant for you, and you have to apply it for it to apply to you.

No doubt, with these ideas, you should be well engaged to make change in your life and stick to healthier habitual and moral lifestyle for the long term.

And my final two points should be:
1. Knowledge without action is entirely useless. You are now well equipped with tools to use and change your life, now it is time to do it. I know you have a lot of goals that are important to you, then, use these ideas to make it a reality.

2. Doing my best for our community is my priority so; we are here to support you. I write two articles for a small community each week, Monday and Thursday, and these small communities are people who are to getting better, living healthier, and making the world a better place.


I do my best to help them achieve their goals, and this is my part to play, and I will always like to do the same for you.
So, if you have questions, you can always contact me at http://www.anyi-nature.com/newsletter.php

I know, I do not have it all figured out, but my best is channeled towards the tiny action that accumulates to greatness with time, as you follow me along the way.
I am pleased to help you if there is anything I can do for you. I am here to help however I can.


DICTIONARY MEANING OF SOME WORDS AND PHRASES USED:

___ Elusive :=>( difficult to describe, find, achieve or remember)

___ Initiative :=>( a new action or movement, often intended to solve a problem)

___ Fiction :=>( not based on real facts)

___ Capacity :=>( the ability to do a particular thing)

___ pave-way :=>( if something paves the way, it makes the way less difficult for the other thing)

___ Imaginary :=>( something that is created and existed only in the mind which is not real)

___ Incessant :=>( never stopping, especially in an annoying way)

___ Journalism :=>( the work of writing, collecting and publishing news)

___ Ambition :=>( a strong wishes to be successful, powerful, rich etc.)

___ doomed :=>( certain to fail, die or destroy)

___ Limitation :=>( the act of controlling and limiting something)

___ Lucrative :=>( especially of a business, job or activity, producing a lot of money)

___ Menace :=>( likely to cause harm)

___ Rare :=>( not common, very unusual)



Date:--2019-11-06

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My best articles are shared in this page for you to read on topics ranging from happiness, creativity, how to become productive, health and a lot more.

The major question that drives me daily through my work is, “How can we form better habits and good moral lifestyle?”

To answer this, is the reason why I like using natural and scientifically-based approach to get down on having practical solutions to issues.

There are interesting articles you will find to read on topics such as; how to have a staying-power and eliminate procrastination. You can as well subscribe for my weekly newsletter and get for yourself my free book called: Art of Transforming your habit.

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All Articles Arranged by Lessons & Date

To browse all my articles arranged by lessons and date posted, scroll down. Articles are listed in such a way that the newest articles are at the top and my oldest contents at the bottom.


Current Articles (Habitual & Moral-lifestyles)
(LESSON 16):-- Two Qualities without Which any Man May Become a Great Leader at Any Level of Life
(LESSON 15):-- When The Smart Is Dumb: Difference Between Academic Intelligence & Emotional Life.
(LESSON 14):-- Reason Why People Who Want to be Rich Fail to Become Rich
(LESSON 13):-- How to Improve Your “Interest in Memory.”
(LESSON 12):-- All Knowledge is But Memory; Do You Think Habit is Memory?
(LESSON 11):-- Mastering Your Memory. How keen is Your Observation?
(Lesson 10):-- Creating a Chain Reaction of Good Habits Using the “Domino Effect”
(LESSON 9):-- The Habits Scorecard: This Simple Exercise Will Help You Discover The Habits You Should Change.
(LESSON 8):-- How You Can Make Your Future Habits Easy
(LESSON 7):-- How To Break A Bad Habit (And Build Lasting Good Habits)
(LESSON 6):-- Are You Afraid You Have Failed? Look At How To Fit A New Habit Into Your Life
(LESSON 5):-- Tiny Actions (Best Way To Start A New Habit)
(LESSON 4):-- Forming Habits Of Identity And Willpower (Sticking To Your Goals For Long Time)
(LESSON 3):-- The Science Behind How Your Habits Work
(LESSON 2):-- Avoiding The Common Mistake Most People Make
(LESSON 1):-- Why Do People Find it Difficult to Stick to Good Moral Habits?

Articles - 2018/2019 (Habitual & Moral-lifestyles)
(LESSON 1):--HOW TO FORM HABIT OF SAVING MORE MONEY
(LESSON 2):-- How To Become An Efficient Leader Taking Your Initiative To Great Level By Believing In Yourself
(LESSON 3):-- How To Profit By Imagination
(LESSON 4):-- The Six Enemies Which Ride Millions To Failure Without Being Discovered
(LESSON 5):-- Poverty, The Richest Experience That Can Come To a Boy.
(LESSON 6):-- What Do You Understand By an ATTRACTIVE Personality?
(LESSON 7):--- Haters and Critics: How to Deal with People Judging You and Your Work by James Clear
(LESSON 8):--- How To Rise Above The “They Say” Class And Become An Accurate Thinker ACCURATE THOUGHT
(LESSON 9):-- Summary Of “ACCURATE THOUGHT & DESIRE” And The Principles Involved.
(LESSON 10):-- What Are “Suggestions & Auto-suggestions” And How They Affect Your Career And Or Talent
(LESSON 11):-- The Value Of “Reminding Yourself What To Do” (Auto-suggestion) In Achieving Your Career & Or Talent.
(LESSON 12):-- How To Harness And Control Your Habit Instead Of Becoming a Slave To It.
(LESSON 13):--- How Our Environment Influences Our Lives Either Negatively Or Positively.
(LESSON 14):--- The Magic Key To Success, What Is This Magic Key?
(LESSON 15):-- The Enemy You Must Conquer Before You Can Become a Person Of ACTION
(LESSON 16):-- FAILURE; a Temporary Defeat, Not a Downfall
(LESSON 17):-- How To Develop The Best That Is In a Person
(LESSON 18):--- The Spirit Of Making Money; How Would You Feel If You Get Rich Today?
(LESSON 19):-- How To Persuade Somebody To Do Something You Want
(LESSON 20):-- Successful People Are Not Always Talented, Why Is Talent Alone Not Enough?
(LESSON 21):-- What Does It Take To Be Successful?
(LESSON 22):-- What Is The Greatest Obstacle To Success?
(LESSON 23):-- How To Lift Your Talent To Its Highest Level
(LESSON 24):-- What Do You Think Carries People To The Top Of Their Career And Talent?
(LESSON 25):--- How To Fire-Up Your Passion, If You Lack The Energy You Desired
(LESSON 26):-- 8 Ways To Make FOCUS Your Friend
(LESSON 27):-- PREPARATION: What Happens When You Do, Or Do Not Get Prepared And Six Preparation Principles
(LESSON 28):-- What To Do When You Make a Mistake
(LESSON 29): PERSEVERANCE:-- Developing “Staying Power” In Your Career And Or Talent Pursuit
(LESSON 30):-- Five Enemies Of Perseverance (Staying Power), And How To Eliminate Them.
(LESSON 31):-- To Be Able To Sustain Your Talent, Then Take The Following Steps:
(LESSON 32):-- DAILY ROUTINE RECOMMENDED BY EXPERTS FOR PEAK PRODUCTION
(LESSON 33):-- HOW YOU CAN HUMBLY ASK YOUR WAY TO SUCCESS
(LESSON 34):-- HOW TO FIX FAILURE AND THE 3 PHASES (stages) IN LIFE AND WORK
(LESSON 35):-- HOW TO DROP THE HABIT OF PROCRASTINATION
(LESSON 36):-- HOW TO CREATE A SUPPORTIVE AND COMFORTABLE WORK ENVIRONMENT
(Lesson 37):-- 6 Criteria To Know If You Are Doing A Good Job
(LESSON 38):-- The Hidden Danger Of Comparing Yourself To Others
(LESSON 49):-- THE REASON WHY WE WANT THINGS WE DO NOT NEED --- AND HERE IS WHAT TO DO ABOUT IT.
(LESSON 50):-- How To Figure Out What To Focus On In Life. (By Experts)
(LESSON 51):-- The Impact Of (Positive Thinking) On Your Work, And Your Life
(LESSON 52):-- Is There Any Reason To Embrace Sudden Change In Life?
(LESSON 53):-- How To Exhibit Courage And Live Without Regrets.
(LESSON 54):-- PRIDE…. Problems With Pride And How To Overcome Them
(LESSON 55):--- Ways to Tell Whether a Relationship is Positive Or Negative (Generalized).
(LESSON 56):-- Five Signs of a Solid Relationship
(LESSON 57):-- Twelve Ways to Keep Yourself Charged Up
(LESSON 58):-- When to Hire Help For Your Business
(LESSON 59):-- A Five Minutes Warm-Up For Peak Performance
(LESSON 60):-- What Is Your Definite Chief Aim? Do You Have an Objective In Life?
(LESSON 61):-- How To Build Self-Confidence In Your Career Job & Talent
(LESSON 62):-- How Fear From Social Heredity Can Rob-Off Your Talent/Career Job.
(LESSON 63):-- How Imagination Affects All You Do Towards Attaining Your Definite Chief Aim
(LESSON 64):-- How Enthusiasm Will Affect Your Career And Talent
(LESSON 65):--- How To Possess The Quality Of SEFL-CONTROL In Your Career & Talent
(LESSON 66):-- Forms Of SELF-CONTROL That Causes More Grief
(LESSON 67):-- BENEFITS OF WORKING MORE THAN PAID FOR
(LESSON 68):-- The “thought” which does more than gather, organize and combine facts

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