The great American self-help author Napoleon Hill, known best for his book Think and Grow Rich, once said “Patience, persistence, and perspiration make an unbeatable combination for success.” We know any form of success is not just handed to us. Each summer I marvel at PGA professionals who hit hundreds of golf balls after they finish a competitive round to continue to perfect their profession each day. Similarly, the hardest thing about savings is keeping it consistent and practicing it daily, weekly, and every year. We are just a point and click away from ordering a pair of shoes that may be only worn once or buying an electronic gadget that will sit in a drawer for most of its useful life. We need the discipline to save consistently over time and avoid those impulse spending events that sidetrack a savings plan. Inspiration is the catalyst to making an average someone believe that success is within their grasp but, without discipline, that dream stays a dream.
As a financial nomad, it is my main goal to find financial tools and techniques that make a financial problem a solvable one. The most fundamental behavior of personal finance is saving. A recent college graduate with her newly minted diploma and first job needs to start saving, but multi-billionaire Warren Buffet also saves at the esteemed age of ninety-one. Saving though is a choice just like we all have a choice to exercise and determine how disciplined we want to be with the activity. Just like some people find exercising a routine where their day is empty without a good sweat at the gym, some people consider savings a sport at which they must excel. They bike to work, only read books from the library, and live a minimalist lifestyle just to save an extra $100 per month. However, there are others who need incentive.
For me, I found a savings account that incentivizes people to save. It is called Yotta Savings.
Disclaimer: There are no winnings guaranteed. The difference between this savings account compared to others is that you can save money and gain lottery tickets. If you want to withdraw your money you can but, you will lose your best tickets. In a way, you never lose your money compared to the dollar you spend on lotteries. Plus, they add new features where you can join lottery pools. In this way, you can have a higher chance to earn more money.
Try it out for yourself – perhaps this incentive will help you achieve Mr. Hill’s “three P’s” with your savings activity.
Also if you want an extra 100 tickets click the link below or use code CHRIS504