Hey all sorry for the delay in my posts as I have been battling an illness for the past week. I am still trying to find my rhythm in writing a post everyday or at least every other day. Its not easy writing quality content daily as I am quickly learning.

The Fourth Law of Success

The Habit of Saving

"Expect more and save more and you will be evermore!" R. Tietjen

This law to success is by far the most impactful on your life. If I were asked to choose one to go with first it would be this one. So lets get into this law a little more and see what gold lies beneath.

Not All Debits Are Created Equal

Hill sets out to make a clear distinctions between two types of debits. One of which is to be avoided as much as you can. That would be debits incurred from luxuries that become a dead loss after purchase. One of the best examples of this is buying a brand new car from a dealership. Not only are most cars a dead loss after purchase the mere act of driving a new one off the lot will substaintly lower its value. While bigger tickets purchases are more obvious there in fact are many "hidden" little luxuries that we have incorrectly mislabeled as necessities but are in fact luxuries. These include but are in no way a limited too buying new cloths, coffee, new tech items (a cell phone being the largest and most often the most expensive). Here Hill introduces the idea of forgoing an instant emotional boost form buying a luxury to a an idea called delayed gratification. This is when we wait until we can fully afford a luxury after we have attained a certain level of financial success. Buying these luxuries before we can fully afford them puts us into debit and we become in fact a slave to visa, master card, amex, etc. It is a viscous cycle that sadly many of us never fully break. This is bad debit and should be a voided and or minimized to the fullest in order to give us the greatest chance for success.
The second from of debit is actually useful and required. We all have heard the phrase "it takes money to make money". These are debits incurred in the course of conducting business or trading. It represents a service or merchandise that can be converted back into an assets. For example at one time I was building new houses and I would have to dig up the ground to create the footings, foundation, and basement. The machine used for this called a backhoe and they are very expensive but necessary. I had two choices, I could either rent one or buy one. After doing the math it was in fact cheaper to purchase one and use it until one day I would sell it at a break even or even slightly ahead versus renting it. A good debit! Another example for all of you who are pursuing steemit as a serious venture is steam power. Steam power is a necessary debit that you have to gain influence and weight on the platform. You use it to create value but when you want to leave the platform you in fact power down and receive your capital invested back. This is a good debit!

How to FREE Yourself From the Bondage of Slavery

This concept is simple to understand but at first hard to implement. We all know about saving but we rarely have a way to do it. It is in fact a habit and needs to be taught and ingrained into your lifestyle. The easiest way to think of this is what I call the concept of tything to yourself. This means every time you get you take a certain predertimed percentage off the top and put it somewhere you can easily get it. Let me give you an example of this using the steemit platform. If you earn 10SBD you take 10% or 1SMB and move it to your savings account feature. If you have never used this feature it locks your money up for a few days before it will be released back into your wallet. Having the money locked up is especially important in the beginning when you will be more tempted to use this money. You will have to train yourself to forget about this money and think of it locked up behind bars and not to be used for anything other than a good debit or a seed investment in your definite chief aim. This is why its called a habit because you have to develop this muscle of self control but once you have it you will become like a squirrel collecting nuts preparing for fall.

This is a powerful metaphor that I want you understand. Along the way to success you will in fact come up along hard times and having a reserve will save you from ruin. AND along the way to success good fortune will come your way in the form of an opportunity or investment that requires seed money. Having a nest egg to draw on can be the difference between seizing that oppurtinuty and letting it pass you by.

"Never Risk More Money Than You Can Afford To Lose!"

Ever heard this phrase in the crypto world? I have and because I become a great squirrel I know exactly what this means. I am fairly new to the world of crypto investing and I have taken some pretty good losses so far....chain.mail, bitcoooooonect, and Davior coin ring any bells for anyone? I lost money in each platform but what I didn't lose was my resolve because I used money I could afford to loose. Many people may have quit after having the experiences I had initially but for me I thought of it as paying for a lesson. I got smarter with my money and invested in cloud mining, then bought and built mining rigs, and now even trade some money using a trading bot. All of this was done with reserve money that I challenged myself this years to grow instead of have sitting around. This is the power of the habit of saving. When I saw an opportunity to make money in the crypto space I had it to use and learn with and I wasn't using my rent or food money. This helped me be or objective and even willing to take some more risk...which in turn helped me learn quickly what not to do in crypto investing.

In Summary

So what do I want you to take away from this article:

1. Avoid bad debits
2. Set aside a predetermined amount of your income and squirrel it away
3. Only use the money for good debits!
   I hope is was of value to you and please share with me some of your investing tips as I am trying to grow my nest egg this year in the crypto space!