Money & The Law Of Accumulation

The law of accumulation states that financial security and success comes from making lots of small efforts and sacrifices, most of which no one will ever see or appreciate.

In order to begin the process of accumulation you must be able to discipline yourself to do what you know you should do whether you feel like it or not, and then to persist through the difficult times when the going gets tough.

It is no use doing this only for a short time, as the law dictates that financial success can only be obtained through constant action over a prolonged period of time.

If you are able to keep this up, then your debts will slowly start to disappear, your financial situation will start to improve, your savings will grow and your overall quality of life will start to improve.

Develop The Momentum To Save Money

One of the hardest aspects of the law of financial accumulation is getting started. Very often people feel that they do not have enough money right now to start saving, but promise themselves that someday in the future they will.

Unfortunately however this day usually never comes, and so they never save anything throughout their working life causing them to retire poor and broke.

It is therefore absolutely essential that you do something as soon as possible to start saving your money, even if that is just looking at the different types of bank accounts available to you.

The sooner you take that first step, the more momentum you will build and the more likely you will be to take action.

If however you put it off to sometime in the future you won’t build any momentum, and so will be unlikely to ever take any action.

This is known as the “momentum principle” and applies to virtually every aspect of life. It simply states that at the start it is always the hardest to get going, but once you take that first step, it becomes easier and easier from then on.

Approach Savings One Step At A Time

If you have never saved your money before and then you start thinking about saving 10% or 20% of your income, you will probably be put off by the prospect of saving so much and so will immediately come up with numerous reasons as to why you can’t start saving today.

However what if you were to save 1% of your income, how would you feel about that?

If you are honest with yourself everyone should definitely be able to save 1% of their income, and even though this isn’t very much, it is all you need to build that momentum to get into the habit of saving your money on a regular basis.

As you become more comfortable with saving your money, increase that amount to 2%, then 5%, 10% and 20% if you can.

Over the course of a year you will be surprised at how much you have saved, and if you continue this throughout your lifetime, your future financial security is virtually guaranteed.