Its great to find ways tocut back on everyday expenses.
The savings can add up.
Butwhatyou do with the money you save is important.
The whole point of cutting back is to use that money for something better.
As author Grant Cardone puts it, save to invest, dont save to save.
Put your saved money into secured, sacred (untouchable) accounts.
Never use these accounts for anything, not even an emergency.
This will force you to continue to follow step one (increase income).
Its a useful reminder if youre trying to build wealth.
Actuallysavingyour money in a hard-to-access account ensures it has time to grow.
If youre in debt, this advice still makes sense: save with a purpose.
In this case, your investment is getting out of that debt and not throwing your money on interest.
The bottom line: saving money is great, but making the most of your savings is even better.
Check out more of Cardones advice at the link below.
How to Become a Millionaire by Age 30| Entrepreneur
Photo byluxstorm.
