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Why is Saving Harder Than Spending?



Why is Saving Harder Than Spending?

Or was it?

Is there really a scientific explanation why many people find it difficult to save?

Are rich and wealthy people tight-lipped with their secrets to success?

If saving is really beyond the capacity of an average employee, how come there are stories from rags to riches. 

Let's take a quick peek into some known inspiring personalities success stories.

Manny Villar
He was born to a family of 9 children. His father was a government employee and his mother was a wet market fish vendor.  They live in Tondo and he started his business skill by helping his mother sell fish at a very young age. He finished his undergraduate and graduate degree at UP.  He worked for big companies but resigned and put up his own business in his 20's. He had his shares of failures but did not discourage himself in trying again. Until he found his true mission, real estate. He is famous for his "sikap at tiyaga" tag line.

 

Cristina Decena
She has been in and out of the news due to her high-profile relationships with showbiz men (at least 2 that I know of) and her fascinating weddings around the world to the same man that did not end in "they live happily after".  Born to a poor family in Tondo, she started to learn the value of money early in life and chose not to be burden to her parents. She started her first buy and sell business in grade 1. She earned her first million in her 20's not only by getting into real estate but building an empire for her and her family.  She has her own ups and downs but did not stop there but instead keeping the right attitude towards her goal.  

 

Suze Orman
An American born to Jewish and secretary of the church.  She worked as a waitress after finishing school.  She took a deep leap when she borrowed $52,000 from families and friends to open her own restaurant.  She may have the right goal and mindset but the skill she needs to run a business is something that she was lacking then so she looked for a broker to do it for her, until she lost everything after knowing that the broker invested it on a business that is not suitable for her.  That is why she closed her first business and made a huge debt to her friends and families, but she didn't stop there.  She got up and gather all her strength and used her previous business failure to another venture and rest are history. 

Trivia: She is the very first person who smacked me down with my perception on money and finances.  I am truly glad I was being smacked or else, I might still be in the limbo.  I am happy that me and my husband were able to enjoy her show "The Suze Orman Show" before it said its last goodbye after 25 years in 2015.  Until now, I would watch bits and pieces of her segment "Ask Suze" on Youtube.

Seeing these few from many success stories around, what is common among them?

First, they all didn't come from business families.  Second, they dream big despite the financial status of their families.  Third, the mindset and perseverance that they have put into to achieve their goals is unbeatable.

It definitely sound easy than done, but if they can do it, why can't you?

You know all about success, you can see and hear it everywhere.  All you have to do is put down the remote control, scoop that bag of chips away, get out from the couch and do something.

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