Rolling On – The Best Handful of Tips 51 – SAVING MONEY


To make money you need to save money. The sooner you start, the greater your chance to succeed.  You need to compound any money you save.

If you are unable to save money you may need to change your job and perhaps your life style. To do this you may need to learn new skills. You may have to study.

Here are some simple tips to help you reach your financial goals – it’s all about hard work and self discipline. 

Five of the best tips to achieve your financial goals

* Set long-term financial goals

          Review your plans regularly. Write them down and look at them from time to time. 

          Calculate your net worth periodically and make any necessary changes.

* Pay off debts as soon as possible

          It’s easy to get into debt but hard to get out of it.  Pay off your credit cards as soon as possible. Keep control of your credit card.

          Manage your mortgage repayments with care.

* Develop a risk protection strategy

          Cover your risks with life insurance, income protection, trauma cover and health insurance.

          Build up a store of readily available money for an emergency. This could be in stocks and shares that could be sold rapidly in an emergency.

          Travel insurance is essential when visiting foreign countries. Don’t leave home without one.

* Get yourself a mentor or a good financial adviser

          Make the most of other people’s experiences especially those who have had sound training in investing and accounting.

* Build up your investment assets

          Aim for a nest-egg for the times when you are not earning.

          Spread your risks. “Don’t put all your eggs into one basket.”

          Diversify into stocks and shares, property  and compounding savings.

          Start by buying small packets of stocks and shares on a regular basis. “Small fish gradually become big fish.” Ultimately you will have enough money to invest in property and one of life’s great thrills is paying off that last property instalment.

Geoffrey Moss

“Opportunities multiply when they are seized and die when they are neglected. Opportunities are usually disguised as hard work, so most people don’t recognise them.” 

SOURCE: “Secrets for Success. This book could change your life.” Moss Associates Ltd, New Zealand and Cengage Learning Asia. Also published as an e-book available from

Secrets for Success Cover



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