Save Money, How To

Save Money, How to

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¡¡HOW TO SAVE MONEY!! Even in crisis time ©Copyright 2008-2010 Allan Rivera all rights reserved around the world visit www.savemoney.webs.com www.savemoney.webs.com

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Save Money, How to

CHAPTER I CREATE YOUR OWN CAPITAL ASSET OR MONETARY FUND

Even in crisis time

©Copyright 2008-2010 Allan Rivera all rights reserved around the world visit www.savemoney.webs.com www.savemoney.webs.com

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Save Money, How to

¡¡HOW TO SAVE MONEY!! Even in crisis time ONCE AND AND FOR ALL…LET’S FINISH WITH THIS… ¡NO MORE CRI$IS! *Are you tired of all those ads, offering you to become a millionaire in a few hours? *Are you tired of wasting your time and money without any results…? *Are you sick of your debt? *Are you usually short on cash? c ash? Well, if you are… It’s time to say NO MORE…

©Copyright 2008-2010 Allan Rivera all rights reserved around the world visit www.savemoney.webs.com www.savemoney.webs.com

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Save Money, How to

CREATE YOUR OWN CAPITAL ASSET OR MONETARY FUND Ok… Let’s cut the bushes… Right now, you are going to learn, how to create your capital asset coming from each pay check or any kind of income you receive. Well, the secret is that famous word…“savings”. We all talk about savings, and everybody suggests or tells us to save some money… The government, financial institutions, and even social institutions, everyone, without exception, talk to us about savings, and how this is important in our time of financial crisis… Well that´s good, but so far, no one tells us how to do it…

And then a big question comes out… How can I save money if my incomes barely cover my outcomes? Or perhaps you may think… How am I supposed to save money if I don´t earn enough to cover my outcomes... Well in this little e-book I will try to show you the way of saving a little money, and it doesn´t matter on how much your incomes are.

First of all think about this: There are a lot of people in the same critical financial situation, but not all of them earn the same amount of money, some of them earn a lot more than others, but anyway they all are in the same situation. So this clearly show us, that it doesn´t matter how much you win or earn but… what matters is what you do with what you win. ©Copyright 2008-2010 Allan Rivera all rights reserved around the world visit www.savemoney.webs.com www.savemoney.webs.com

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Save Money, How to

Before we continue, you have to realize that, what I´m about to teach you it is NOT a magic formula; you are NOT BECOMING A MILLIONAIRE in a few days or even less in hours… You will need TIME, BE CONSTANT AND MOST OF ALL BE PATIENT. Remember, you are not becoming a millionaire from set to dawn; instead, this will need time, but you have already given your first step to your “financial freedom”.

©Copyright 2008-2010 Allan Rivera all rights reserved around the world visit www.savemoney.webs.com www.savemoney.webs.com

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Save Money, How to

GET USE TO SAVE, “YOUR” MONEY

©Copyright 2008-2010 Allan Rivera all rights reserved around the world visit www.savemoney.webs.com www.savemoney.webs.com

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Save Money, How to

Most of the people, talk about, how much money of each income it is good to save. Almost everyone agreed that a 10% is the ideal for saving… Well, what I say is that if you can save more than the 10% of your incomes, without sacrificing yourself too much that will be great.

In the other hand, if you feel that a 10% is too much for saving, and you´re not able to do it, well, in that case you can save only an 8% or a 6% or a 5%, or any amount of money that you feel comfortable to save it, however I do not recommend less than the 5% and I will explain you why:

Here is something that you need to understand: The more you save, the less time you’ll need to reach your goal… The less you save, the more time you’ll need to reach your goal (in this case, your financial freedom).

Anyway, notice that I didn’t say that you will not reach your goal if you are able to save only a 5% or less of all your incomes…¡Of course Not...! And this is why this method is so wonderful, it doesn’t matter how much money you are saving, you WILL ALWAYS reach your goal, if you keep following these simple steps, BE PATIEN, CONSTAN AND LET THE TIME DO HIS PART. The only difference is that it will take more time, and it will require more patience and be more constant from your side. Let´s imagine you are planting a tree, the more you give water to it, and the more you fertilize the soil, the bigger and stronger your tree is going to get. The same thing with your savings. The fertilize in this case, is each dollar that you can save.

©Copyright 2008-2010 Allan Rivera all rights reserved around the world visit www.savemoney.webs.com www.savemoney.webs.com

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Save Money, How to

Ok, you might be thinking, this really sounds good, but HOW AM I SUPPOSED TO SAVE, IF I DON’T HAVE ENOUGH TO PAY ALL MY BILLS?

Believe me, we all have asked the same question or at least the same kind of question. And let me tell you once more… It is possible to save money, even when you “THINK” no to have enough.

Listen my friends, in order to succeed, you MUST YEARN… not only wish, but yearn, to stop living in the same broken financial situation you are living right know. Don´t get used to live this way, way, don´t get used to the sadness you feel when you want to buy something you need, but you don´t have enough money to afford it. Please, please NEVER get used to that feeling. NEVER get used to choose between two different goods because you can only pay for one. If you really NEED those two goods, you should be able to get both of them. Now, if you are truly convinced that you deserve a better life that the one you have right now, these is what you need to know and follow: FIRST: You have a job in which you get paid for it, and with that payment (which is the harvest of your effort, let´s put it this way), you pay for your food, dress, electric service, shoes, cell phones, gas for your car, and so on… You pay to everyone else, but… when are you going to start paying to yourself? Remember, it is your effort… Now…How much money can you show me of your last payment? Perhaps nothing right…

You should pay to yourself at first. And save that little money just for you, for your capital assets, you are the first one who deserves a payment of your own effort, and then, only then you are able to pay to everyone else. ©Copyright 2008-2010 Allan Rivera all rights reserved around the world visit www.savemoney.webs.com www.savemoney.webs.com

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Save Money, How to

SECOND: When you are decided to improve your life quality, a helpful hint is to create a monthly budget.

CREATE A BUDGET

Before you start saving, I strongly recommend you, to make a monthly budget of all your outcomes including at first your REAL NEEDS and I want to be clear, because I’m not talking about all those things that makes you lose money and that are not NEEDS. So remember, include at the beginning only your needs. Among these needs we can find: Food, House (electric, gas, phone bills), Medical Needs, Loans, mortgage etc. As you can see, these are REAL NEEDS, now we are going to include, those outcomes, that may not be so REAL needs, I mean, that you can avoid them or at least, decrease these types of outcomes. Among these ones we can find: Cable TV, Cell phones, Internet service, Car, etc.

I suggest, to try avoiding completely those unnecessary outcomes, or to decrease them the most you can. Also I suggest paying more than the minimum required in your credit card’s payment. This will allow you to get rid of that debt sooner. Once you are out of that kind of debt, please try not to use anymore your credit card. Once you have done your budget, you can determine how much money you are able to save, in a comfort way.

Here is a technique, a very useful one, to create the habit of saving, that it will help us to create our capital asset. ©Copyright 2008-2010 Allan Rivera all rights reserved around the world visit www.savemoney.webs.com www.savemoney.webs.com

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Save Money, How to

First of all, open a saving account at the same bank where you  change your pay checks. Then each time you receive your paycheck, leave in your  account the amount of money you have decided to. And the last step, FORGET about the money you are saving,  just imagine that you don’t have it anymore.

…Ok, but you might tell me, “I can’t save… I always spend all my money”… Well let me tell you, that YES, YOU CAN SAVE… “As I said before”…

Sometimes our problem is that we don´t earn enough money to cover all of our debts… Well if this is the case, let me tell you what you should do, and also let me tell you, that it worked for me, and for all the people that have followed this. The first thing to do is to take a part the amount of money you have already decided to save, for example a 10%... after you have done this, get used to live with the rest 90%. If even using the 100% of our incomes we weren´t able to cover all of our debts, so in this case it is a very good idea for you to talk to all of your creditors and to make a payment arrangement so you can pay to everyone. Even if it is a little less… but you are still paying. It is better, to pay low rates for long periods instead of paying nothing at all and to see how your debt start growing instead of decrease.

Well, now let us imagine… what you will do if all the banks in your country ask for a 10% of your paycheck as a commission for changing it? Or for handling your money? (I hope I don’t give any ideas to the banks).

©Copyright 2008-2010 Allan Rivera all rights reserved around the world visit www.savemoney.webs.com www.savemoney.webs.com

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Save Money, How to

Nothing… You will do nothing… You will only go home with a 10% less of your money. And I’m sure that you will survive, until your next paycheck. So, yes, you are able to save, and then when you receive the next paycheck, you just have to repeat the same procedure, over and over again.

Now, isn’t it better that we leave a 10% of our incomes by our own will, instead of of someone else take it away? away? I supposed yes. yes.

Before you notice, you will have created the habit of saving, and you will also notice that you are able to survive, without touching or wasting that 10% of your incomes. And the most important thing… Your savings are going to start growing up.

Please REMEMBER, this is not a magic formula, where you are going to become a millionaire, in a few hours or days… NO IT IS NOT… But I assure you that by the end of a year, your situation it is going to be much better than it is right now, but only IF YOU REALLY WANT TO. Let us think about this… How old are you? Twenty? Thirty? Older, younger?... I started working when I was 17 years old, but I started practicing this only 3 years ago, that means that I wasted 14 years of savings, imagine how much money you can made in that time… Remember time never stops either you take some action or not, is in your hands to change your life, or keep going the same way you are.

©Copyright 2008-2010 Allan Rivera all rights reserved around the world visit www.savemoney.webs.com www.savemoney.webs.com

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Save Money, How to

HOW YOUR SAVINGS, HELP OTHERS

©Copyright 2008-2010 Allan Rivera all rights reserved around the world visit www.savemoney.webs.com www.savemoney.webs.com

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Save Money, How to

Now, let me explain you how your savings will help other people. Another reason to convince you to get use to save, is that when you get it… when you get use to it, you will be able to teach someone else, this same procedure, and suddenly a lot of people will be saving money. In my web page I said: “…Also, by following these simple steps, you are not only helping yourself, but also THE WHOLE COUNTRY...” please let me tell you how. For example, let us take the UNITED STATES OF AMERICA for our little study. In the USA there are about 305,529,237 people, aprox. 1. And from all these people 146,047,000 are in the age between 16 years old and over. The average of the payroll, is $18.00 2 per hour, in 8 hours a day we have $144.00 a day, if you don’t work on weekends, we have a monthly income of $3,744.00... ($144.00 x 26 days). That means that these 146,047,000 are able to save (for example) a 10% of their incomes, so, let’s see: $3,744.00 x 10% = $374.44 one month.

these are your savings in

Now, let’s multiply it, times all the population that can save this amount of money in one month: $374.44 x 146,047,000people = $54,685,838,680.00 Let me see if I can write this huge amount: FIFTY FOUR BILLIONS SIX HUNDRED AND EIGHTY FIVE MILLIONS EIGHT HUNDRED AND THIRTY EIGHT THOUSANDS SIX HUNDRED AND EIGHTY DOLLARS… (I’m sorry if I made any mistake) That’s a real huge amount of money… NOTICE THAT, this is only for one month, now you do the math, for one year… the most important thing… ONLY by saving the 10% of your incomes. 1. 2.

According to http://es.wikipedia.org/wiki/Estados_Unidos According to http://www.bls.gov/cps/cps_over.htm#faq

©Copyright 2008-2010 Allan Rivera all rights reserved around the world visit www.savemoney.webs.com www.savemoney.webs.com

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Save Money, How to

If we all to this I think that will be the end of the entire financial crisis, and if it’s not… at least it will help a lot. Now you can see how much we can help our country and ourselves if we all save that little money. This is not magic; this is simple math, discipline, being constant and patient. In fact, nothing in here is new; there are a lot of books containing similar material. Sometimes even better… But I’m doing my best effort in here… Perhaps, I’m not completely accurate, but what I know for sure, is that this will help a lot, to all of us. So the more people develop the habit of saving, the less time we are going to be living with this problem.

Also notice that this method will not only help in the United States, but also will work in whatever country you live in.

Ok, just remember this, before we end this first step, “ TIME NEVER STOPS”, so either you take some action or not, time always goes on… What I’m trying to say, is that the decision is yours… take some action right now, and finish this year in a better situation or, keep the way you are, waiting for someone else to fix the problem, I just say “let’s finish with all this big problem right now… it is in our hands”

©Copyright 2008-2010 Allan Rivera all rights reserved around the world visit www.savemoney.webs.com www.savemoney.webs.com

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Save Money, How to

STEP 2 HOW TO INCREASE YOUR CAPITAL Well, by this moment, I hope you have been saving for at least 6 months before we start with the second step.

So I hope you already have no less than $2,000.00 in your saving account, and I also hope that you have realize that you are able to save money, and those $ 2,000.00 are yours completely yours. Ok, now, I´m going to give you some little tricks to increase the amount of money that your saving account is receiving… Now is time that the MONEY WORKS FOR YOU, YOU, instead of you works for money.

Since we still have only a little amount of money in our saving account, our profit as well, is going to be little. But please REMEMBER I need you to be patient. We are already going to get our first good results only 6 months after we have begun.

©Copyright 2008-2010 Allan Rivera all rights reserved around the world visit www.savemoney.webs.com www.savemoney.webs.com

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Save Money, How to

The time has come to reverse our situation, at the beginning; we were paying to the banks all kinds of interests, due to our credit cards, loans, mortgage etc. Now it is time to the bank to pay us for our saving.

We can do this by placing our savings under a LONG TERM DEPOSIT in our bank. You will have to decide how much time you want for this “long term” period, for example, you can choose between 6 months, 1 year, 1 year and a half etc… And depending on how long, so will be the interest you are going to be earning. Another idea is to buy some company auctions, place your money on mutual funds… etc.

Ok now that you are receiving some interest, PLEASE, PLEASE… don’t make the mistake to spend that little extra money you’re getting…This little money is the money that is already working for you… So don’t waste it, instead of that, why don’t you save it? If you save it, you will have more money, getting more money for you

If you do so, you will be saving the original 10% you were saving at the beginning, plus the interest that your capital is earning for you. At the end of the year, you will not only have what you supposed to have, but also a little more due to the interest you won.

Another suggestion to increase the amount of money you’re saving, is to become a loaner, but without risking all your savings. In this case you are going to be the one who is going to be asking for an interest… of course… let it be less than the banks. Also ©Copyright 2008-2010 Allan Rivera all rights reserved around the world visit www.savemoney.webs.com www.savemoney.webs.com

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Save Money, How to

remember it is a must for you to ask for a warrantee, so you make sure, that the one who is lending you your money, it is going to give it back plus the interests you are asking for.

I rather to follow the first suggestion, because in the second one, you run a little more risk, and also you need a little more experience on financial issues.

WHEN I’M GOING TO BE ABLE TO JOY MY EFFORT OF SAVING???

I’m sure you are going to be asking me this… well:

Due to the crisis we have around the world, I suggest you to hold on doing this for at least 1 YEAR AND A HALF. HALF. After this time, you are going to be able to break your habit of saving… let’s say… for 2 months… THIS DOES NOT MEAN you are going to spend your savings … ¡ OF COURSE NOT…! NOT YET…. NOT NEVER.

But you are going o to be able to spend all your monthly income. You will notice that it may take some effort from you to stop saving, because it will be already a habit on you.

What I mean is that in these two months, you are going to be able to forget about saving… you will see on how difficult it is to ©Copyright 2008-2010 Allan Rivera all rights reserved around the world visit www.savemoney.webs.com www.savemoney.webs.com

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Save Money, How to

break a habit once you have create it… But it is also good to give yourself a break and enjoy your money the way you want. But please don’t get use to it, because after this time, you will have to go back and start saving again.

Remember it is not only for your good, but for every single one in your country.

By the second year of doing this you are going to have much more money in your saving account, and then we are going to start talking on how to reach your financial freedom by investing your savings …

But this…we will talk about in the second ebook… ok… Ideas… suggestions… contact me www.howtosave.webs.com or via email… [email protected]

©Copyright 2008-2010 Allan Rivera all rights reserved around the world visit www.savemoney.webs.com www.savemoney.webs.com

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