3. Saving means you can take calculated risks - Deepstash
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3. Saving means you can take calculated risks

3. Saving means you can take calculated risks

Part of the importance of saving money is to build cash reserves so you can take calculated risks with less worry. If you don’t have any savings, it may be harder to pursue certain passions. Take starting a business, for example. To be a small business owner, you’ll need financial backing to get it off the ground.

But if you set a savings goal and contribute to your savings each month, you can explore new opportunities, even if they may temporarily impact your earnings (if you set off as a small business owner, paychecks could be slow to come at the start).

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MATT BECKER

“Saving gives you the freedom to live life on your own terms”

MATT BECKER

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An Example Of Savings Experience By Matt Becker

“When I lost my job three years ago, my wife and I used that as an opportunity to start the businesses we’d been dreaming about, rather than scrambling to find another paycheck as quickly as possible,” Becker says. “We could only make that decision because of the years we’d spent building our sav...

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Why Saving Is Important

Why Saving Is Important

Saving money takes discipline. And a certain amount of sacrifice.

The importance of saving money is rarely disputed. Saving is one of the most basic bits of financial advice out there. Despite the importance of saving money, many of us aren’t following through on that tip. When it ...

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<p>If you need help understand...

If you need help understanding the importance of saving money, consider these key reasons why you should save money now:

1. Saving can give you freedom

It can be tough to allocate some of your cash to a savings account if you don’t have a set goal for that money. Why s...

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2. Saving provides financial security

2. Saving provides financial security

“I love saving money because it means financial security,” says Kara Perez, who founded a financial education company that aims to empower women by providing them with the tools and education to reach their financial goals.

“Plain and simple, having money makes your life easier,” Perez says...

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shaanma

I like to motivate and give advice to others. I want that everyone should be successful in their career with their skills and passion...

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Step 3: Focus On What You Can Do Right Now

Step 3: Focus On What You Can Do Right Now

You can do that by asking yourself:

What is one small step I can take right now to improve this situation?

It may be to see what you can learn from what frustrates you and to try another path towards your goal.

Types of people

Types of people

Category 1: Losers

People who always see negative in everything and put in the least amount of effort or no effort at all. They are least bothered about what is happening around them. They will only crib and complain about how the world is. They will say someth...

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