Track What You Save

1. Track What You Save Tracking what you save. Tracking what you save supersedes tracking what you spend or earn, because if you are not saving you are not getting ahead. Period. And if you are saving negative each month, then not only are you not getting ahead, but you are getting farther behind each and every month. Track WhatYou Spend Track what you spend. Tracking what you spend is creating and strengthening the discipline that is so needed in the growing of your money. You will want to build up your discipline here and not in the stock market, where discipline is much more expensive to create. Thinking of spending is like the brakes on your car: The more you spend, the harder you are pushing on the brakes. Monthly Tracking Frequency. People who track what they spend, save, and earn each and every month have an exponentially higher chance of acquiring the security and freedom they want in their future and present moment. The human brain thinks best on a monthly basis and not on a yearly basis, so work monthly. Track WhatYou Earn Track what you earn. Earnings are the size of the engine in your car. The larger the engine the faster the car can get you to where you want to go. The smaller the engine the longer it will take you to where you want to go. No One Thinks This Stuff Matters This is the good stuff. When you write down what you earn/spend/save, you cannot lie to yourself. It makes you consciously competent on what’s working and not working. It gets you out of your head and into results. It’s like if you want to get in shape, tracking what you spend/save/earn is the equivalent to working out your money. Tracking is the first domino that causes all the other ones to fall in your favor. The Definitive Money Guide – Personal Finance Sheet 1 2 3 5 4 What is the one thing you want to remember from this sheet?