We’ve published countless posts here about how one can go about saving their money, in most cases exploring detailed examples which can be implemented in individual areas of one’s financial life. This time however we’re going to be taking things a step further, bringing all of that information together to try and zone-in on the main trick – the main hack emerging out of any and all efforts to save money.
Paying it forward
Yes, that’s all there is to it really – you have to find a way to pay for the stuff you’re going to be using or the services you’re going to be needing in future, as early as you can, but ideally well in advance. This is the ultimate secret of the financial industry and its implementation manifests in a number of different ways. What this ideal also possesses is a demonstration of the exploits of someone who has their financial affairs in order, so much so that they can afford to think ahead, plan for the future and even pay for the future.
This is a very powerful thought process of which the power is multiplied tenfold when you resolve to implement it instead of just entertaining it intellectually. Think about it – under the basic laws of real economics, anything on earth which exists, be it a product or service or even something like a stake in a company, is available at the cheapest price you’ll ever get it for at this very moment in time. Of course we’re discounting the past because nobody has a time machine and so nobody can go back and buy anything at its previously low price.
How do you put this into practice though?
It’s actually quite simple really and it requires the development of your ability to be able to look at a product or service on offer and determine its true value at that very moment in time. For example, if there are Toledo residents who require the services of legal experts and they can get a free consultation from the likes of Groth & Associates, that must mean that legal firms located in other regions can surely charge less for their consultations, or waive them completely as well, right?
It’s never that simple, but you can make it simpler by perhaps resolving to approach your legal affairs through something like an insurance company offering legal coverage, where you will perhaps pay a monthly legal insurance premium so that if and when you’re hit with a legal issue, you’ve already paid it forward and you don’t have to suffer the impact of a huge legal bill.
This can be applied to all areas of one’s financial life, one of which forms is merely putting money away in savings or investments.