Build Your Wealth with this Savings Account Plan

By In x plane a bull, published Dec 21, 2007
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Today I'm going to share with you a secret that I used to create my wealth. It works 100% of the time, and after a little getting used to, it's like it's not even there. Sound too good to be true? It's not.

To become wealthy you have to get out of the mindset of even being in debt. Stop focusing on debt. I think Bob Proctor said it best when he said "I don't care if your thinking get in or get out. If your thinking debt, you're going to get debt." Followed by, "Set up an automatic repayment system and start focusing on prosperity."

How do you focus on prosperity? This is where I come in. There are three easy steps.

1.) Set up a Savings account at your bank and ask them to give you access to it only two days a year.

2.) Set up a direct deposit of 5-15% of your paycheck to be deposited into that account. Note: The direct deposit is a must if you plan on doing this. From experience I can tell you that money seems to have a way of disappearing way before making it to the savings account if you don't set up direct deposit.

3.) Forget about it for six months.

Lets say you have a paycheck of 600 dollars a week. Not very much right? Well lets say you put 15% in that account each week. That calculates out to 90 dollars a week. Now forget about it for six months and after 6 months you will have 2,160 dollars in your savings account. What can you do with an extra 2,160 dollars? Whatever will make you feel as if you are wealthy. Either blow it all and wait another six months or invest it in something. It's up to you but, from now on, you will have an extra 2,160 dollars to play with every six months.

After getting used to the smaller paycheck you won't even realize or notice that the paycheck is smaller. I hope this helps you all and the best of luck to you.

Build Your Wealth with this Savings Account Plan

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Credit: Jeremy Bowers

Copyright: Jeremy Bowers

Takeaways
  • Wealth is not a sin
Did You Know?
All is one.
~God
Comments
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great article!

Posted on 12/21/2007 at 3:12:49 PM

 
They actually can if you ask them to. It's your money to do what you want with even if its to keep it away form yourself. Most people think they can't tell the bank to restrict there own access but have any of you tried?

Posted on 12/21/2007 at 2:12:42 PM

 
This is a great idea. But for those who don't make a lot of money, even the slightest percentage makes a huge difference when you need it for food, bills, rent, kids etc...How do you ask the bank to have access to your own account for just two days of the year? If you own the account, the bank can't make restrictions on how often you use your account. If you want to access your account more than twice, three time or more the bank can't say NO to you. Just my 2 cents. Great article!!!

Posted on 12/21/2007 at 12:12:43 PM

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