I’m not sure who Awarding the Web are, but they have kindly just listed $7million7years as one of their ‘Top 40″ Business Blogs in the “Saving Money” category.
This is kind of ironic as I am keeping company with the likes of Frugal For Life, Bargain Briana, Bitter Wallet, and FruGal [AJC: I love puns … unfortunately for those around me, the more groan-inducing, the better] …
… but, this blog is about as un-saving money as you can get (!):
Yet, we do spend a lot of time in Making Money 101 on saving tips:
The reason: habit.
While I stick to my guns and say that you can’t save your way to any reasonably large Number by any reasonably soon Date [AJC: Pick any Number north of $1 million, and any Date south of 15 years and see what you come up with, inflation adjusted], the reason why you should still save/save/save is twofold:
1. You create the seed capital that you might need for your first real-estate purchase and/or business venture … it’s these that will create your Number/Date, and
2. You create the habits that will stop you from spending your wealth once you get it.
Saving money is kind’a like the bookends to your financial life …
… but, true wealth building is in the bits you do in between that really have nothing at all to do with saving.
Well, not directly 😉