The Simple Tip That Could Save You A Million Dollars

After I graduated from university, I worked in an office for many years. Unfortunately, I knew that I had made a mistake in my career choice. I couldn't see myself working in an office for the rest of my life, so I quit my short lived career, and started a new career at home, investing in the stock market. I knew that it would be risky and that it wasn't a guaranteed income so I needed to make sure that I watched my expenses and that I was living a frugal life.

I became the king of frugality! That's when I discovered the secret to saving money. This secret is the foundation to all possible money saving ideas. Here is the simple tip:

The most successful way of saving money is to think of it as a business, and that saving money is actually a way to make money.

Let me explain. There are two ways to get richer. You can earn more money or you can spend less money, or both. At the end of the day, your ultimate objective is to earn more than you spend and have money left over for savings. So, by spending less money you are also helping to grow your savings. And growing your savings is actually a form of making money.

How do you treat saving money as a business? Just as any business would, I itemized all my expenses right down to the dollar. I used a computer spreadsheet but you can use a book to record all your expenses. Any money that left my wallet or bank account had to be accounted for and each expense was questioned and scrutinized. Every time I saved money, I got just as excited as when I made money. Remember the following rule.

Save Money By Questioning Every Expense - Ask yourself the following questions to see if you can spend as little as possible and preferably not spend anything at all.

• Do I really need this?
• Can I repair my old one?
• Do I have an old one lying around in storage?
• Can I borrow it from someone?
• Can I make it myself?
• Can I get it for free from the classifieds
• As a last resort, can I buy it used from the classifieds

Use Google to help you with any information you need on how to repair things, on how to make things, and to find classified ads. Google is the oracle. Everything I've ever needed to know, to save money, I have learned through Google.