KNOW.
Why do so many young people not save?
1. It is not their behavior they were not raised that way from children.
Saving is a Habit just like any other behavior if you do not have it you must sit down and learn that habit.
2.Many do not have big Goals.
If you have big goals there is a way you will give up, you will get discipline, you will take responsibility and in the end you will achieve the goal. Most young people do not have big goals, which is their primary responsibility in their lives.
3. Being under a group of friends who do not save.
Eagles fly with fellow eagles and hens walk with fellow hens, if a young man does not have a group of savings people he will not be able to save until he has people to save.
4. Be quick to want to succeed quickly.
Coming soon disappears quickly, Coming soon disappears quickly, but the wealth of systematically sustained remains. Young people do not want to start at a young age they believe in size.
5. It is a growing loan that borrowing money is there and not borrowing because they have something to borrow.
If you borrow to grow the borrowing money is there you will borrow without discipline or discretion and in the end you lose
FIVE RULES ON LOAN MONEY THAT YOUNG PEOPLE MUST REMEMBER ONLY.
1.The loan money is not yours.
2. It can get you down if you are disciplined or humiliate you if you are not disciplined.
3. It is not used for common uses such as buying a sofa, bribing, betting etc. but producing.
4.It has Cost to Pay (Interest) and Time.
5. The lender is a very kind person on the day he lends you but he is a fierce Lion the day he demands you to go against it.
HOW TO BUILD A SAVING HABIT. 1. Have a goal of why he should save the most important savings such as starting his own farm, or opening a shop n.k.
2. Start with a small amount of at least 5% getting used to going 10% of income and getting used to increase 20% to 30%. But start small.
3.Save savings not the remaining money but start with savings first and then spend.
4. Have periods (Duration) at least six months and a whole year.
5. When you do, congratulations on fulfilling this gives him the motivation to keep more and more.
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