Success doesn’t come without discipline,determination and dedication. Just as the ‘Rich’ would say; “Lack of money is the root of all evil”. The pursuit of success driven by passion for excellence in every area (which can be financially, morally, career-wise and so on) is what sets aside the successful ones. Let’s now take a look at what successful people do financially and how they go about doing it.

There are essentially 2 ways of boosting savings and investments: Increase your income and cut your spending.

Whether you’re a young adult ready to start saving for retirement, a 50-something ready to pay off your loan/debt or a citizen living on a fixed income, these tips can help you build savings, reduce debt, boost income and invest wisely

• Pay yourself a Salary; This is the first step you take if you want financial freedom. Save part of your monthly income as soon as you get it, rather setting aside whatever’s left over.One way to do this is to set up automatic transfers from your bank account to a savings account or investment account.Take a percentage of your monthly income or a random number and have it done automatically.
• Save for Emergency; Saving for emergency or the unexpected goes a long way to ease off pressure of meeting certain pressing financial issues that may arise especially during periods of financial constraint. A true emergency is something you have no control over and little choice about, such as a major illness or job loss. An infrequent expense you can anticipate, such as a car repair or traveling to visit family, isn’t an emergency but rather a separate category of expense that also should be saved for. A general rule of thumb is to save enough to cover 3-6 months’ worth of expenses.If you have a habit of dipping into your savings when you shouldn’t, move those funds to separate savings accounts so the funds won’t be depleted when you need them.
• Spend less, save more money; This step is also a very important one to follow. Saving often starts with spending less. Whether it’s an expensive hair or brand-new clothing at retail prices, most people can find things to remove from their budgets.When you cut back on spending, don’t leave the savings in your pocket, wallet, where you’ll just spend the money on something else. Instead, make a payment that day on a debt or transfer the money to a savings account where it will be out of reach.
• Loose a habit, gain more savings; If you dine out or club  five nights a week or indulge other similar habits, resolve to substitute a stay at home and save habit for one or two of those days.Paying off debt can be a great way to free up money that you can redirect to savings or investing. Make a list of your debts and pay off those with the highest interest rates or smallest balances first.
• Be creative, make more money; There are two ways to earn more money: getting a part-time job and selling things you no longer need, an extra job with a deadline and a specific short-term savings goal can be a smart strategy, this can work well for those with flexible work hours.“Look at it as, ‘I am going to work part time until I save enough money to buy a new car in two years.’ Then, it doesn’t become as onerous as it would if you were thinking, ‘I have to work two jobs for the rest of my life,’” says Frank Boucher. Selling something you don’t need like an extra car, used designer clothing, collectibles, musical instruments or jewelry also can generate cash for savings.
• You can save small; If you find saving to be a challenge, start by trying to save just #500 or #1000 for a specific purchase or expense. When you’ve saved and spent that sum, continue to save that amount or more so you can pay for what you need with cash instead of credit.If you’re unable to save any money for major purchases and long-term investments, you’re living above your means. That calls for major adjustments, like trading in a new car for basic reliable transportation or moving to more affordable housing.
• Understand investment costs; Whether you’re talking about stocks and bonds, mutual funds, real estate business, broker commissions or  retirement plan management fees, virtually all investments involve costs that investors should understand.If your employer-based retirement plan has exceptionally high costs, you might want to invest just enough to capture your employer’s match and make additional investments outside that plan. Whatever investment you are going into, make sure to do a  research to know if its a short—term or long-term business and verify its sustainability.
• Don’t be afraid to ask for help; When it comes to investing, some might not be sure where to start. How should you know what business to invest in?  How do you know if your portfolio is balanced?. That is what we are here for. We are to assist you all the way to become successful  and financially free of every constraints. Don’t be afraid to seek guidance from a licensed institution. Advisory services aren’t only for the wealthy; do your research and find a low-fee service that’ll help you gain confidence in the market.