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Most important saving money tip to become financially independent and win the money game

The Most Important Money Tip To Manage Money And Change Your Life

Disclosure: This post may contain affiliate links, which means I get a commission when you make a purchase through my links, at no extra cost to you. Please refer to my full disclaimer for more info.


If there was one money tip that can change your financial life completely, would you follow it? I did once, and after a few years I can now tell from experience that there really IS something as this one tip! Since helping people with their financial lives is a passion topic for me, I want to share the following lines with you. Stick around! You might benefit from it in the same way I have!

The Most Important, (Not So) Secret Money Tip

No doubt that money issues are one of the reasons causing most problems in our society. People feel drained because they are trapped in a situation where they don’t have power over their own lives anymore. Millions need to work a job that they hate because they need the money. For me, this is horrible! I’m totally convinced that EVERYBODY can create a more balanced and truly fulfilled life by becoming financially independent from outside forces (like employers).

Why am I saying this? Because it ties in with this fundamental money tip I’m about to tell you. Of course, you need money in your life. Personally, I don’t want my life to be a decade-long grind. I want to play the game to win, not just to survive. And what you’ll discover in a few lines here is the fundamental change that has helped me get a HUGE step closer to that goal!

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Let's set the scene...

Once upon a time, a young adult at the age of 22 woke up, went to Amazon in raw excitement and typed in “books about getting rich”. He had just figured that if people were getting rich, there must be some information about it out there in the world.

He was right! Browsing through the search results, he found a few books he immediately ordered. And in the first book he ever read, he found the one money tip that would soon change his life…

You can find the book right here, by the way. (affiliate link)

Ladies and gentleman! Prepare for the most important money tip!

For me, this idea has been completely new, even if I know today that millions of people had already known about it. No matter which group you belong to, here’s the one money management idea with the power to change everything:

The concept of PAYING YOURSELF FIRST.

You might have heard it a ton of times, but hear me out! I know from my own experience that rationally understanding this and really FEELING the difference in one’s own life are two completely different stories.

What Paying Yourself First Really Means

The idea is to take a percentage (for example 10%) of every bit of money you earn and put it away for yourself. And here comes the big misunderstanding!

A lot of people confuse this habit with simply saving money (which nobody likes to do just for the sake of it). They think something like this:

What? Now I need to live on 90% of my income and restrict my lifestyle even more?

saving money tips mindset wrong way

Here’s the perspective you will develop after you see that it works:

YES! Now I finally know a way to come up with the money for my side business! And this side business is what finally frees me from all my fears about money, and from my soul-sucking job!

The problem that I try to solve with this article is this: People don’t understand that Paying Yourself First is a concept which makes only 50% of the puzzle. They hear about this money tip and think something like “naaah, I don’t want to restrict my expenses just to save money.”

Here's the truth

There is only one way to leave the rat race society tells us to be the only way to lead our lives. This one way is to free ourselves from the dependent relationship with our employer. If you don’t make any money aside from your work as an employee, then you will wait for the solution all your life!

If you want to change your situation, however, then it all starts with this one money tip: you need to start paying yourself first.

Because, if you don’t pay yourself (which means you make sure that some of the money you earn actually STAYS in your pocket), then you will never have the resources to build your freedom income streams. It’s only logical thinking, and no matter how hard you wish, there’s no holy grail to it.

How Paying Yourself First Is The Solution - And Why It Is The Most Important Money Tip I've Ever Learned

Let me break down the process in a few steps. I guarantee you that you will have a clear picture how you can change your financial life fundamentally after reading this. I have even put together a free email bootcamp that shows you, over the course of a few days, how to go from where you are now to financial freedom – as a normal person with no special circumstances. Check it out here:

Sign Up For The Bootcamp

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Step 1: Understanding that nothing will change if you change nothing.

We’ve already covered this extensively in the last few paragraphs. The first thing you need to understand is that you need to make changes. The good thing is, however, that you CAN make these changes. It’s even pretty easy once you make the decision.

Step 2: Becoming more and more independent from your day job

The big problem is that people feel trapped in their situations. They hate their jobs, but they can’t quit because they need the money. It’s a vicious circle.

The only way to break that circle is to start building some sort of income aside from your day job. If you do, you grow a stream of income that you own. Nobody can take it away. You can even grow it far beyond what you earn now, because there is no natural ceiling to your potential income.

Imagine you make some money on the side and see it grow, and then piece by piece replace your day job income. You might even want to build another project, and another one. Suddenly you have multiple streams of income, all supporting your life. You will be a lot more (or even completely) independent from your day job while being able to live a much richer and more fulfilled life.

most important money tip to become independent from your day job

Step 1.5 (yes, this order is on purpose!)

Now that you have the big picture, here is one step that you need to take between Step 1 and Step 2! This, in fact, is the reason why most people never go beyond thinking about a better future.

You need some sort of money to make Step 2 a reality.

Make no mistake! Building a side business will come at a (financial) cost. It doesn’t need to be much, much less compared to what it does for your life. Still, this is the point where many people fail.

Starting a successful website, for example, costs you less than $100 dollars. However, you might need some tools to execute important tasks and make your business work or speed up growth.

Aside from that, you will want to build some skills, preferably by taking courses or buying books. These things cost money. And you will have that money when you need it if you regularly dedicate a piece of your income to this purpose.

Let Me Ask You This!

Would you save $1,000 if you knew that it’s all you need to start a business that will make you much more than $1,000? This is the only question you need to ask yourself. I totally would do that, and I’ve done it more than 10 times now! That’s why I am completely independent from any employer. I don’t need anyone to give me money for the time I use working on THEIR business.

You really only need to make that one decision today. You know that there’s a door open for you. This door will ultimately lead you to a financially independent life. The only thing is that you need to have some money on the side to make it happen.

That's why paying yourself first is the most important money tip

If you take 10% of every paycheck you earn and put it into your FREEDOM FUND, how quickly would you be able to start your new life? Starting your own business is what I call starting your new life, because it’s really the one thing that can set you free! And if a “new life” isn’t the right motivation for you, there are many more reasons for starting your own business.

Of course, you can also start a business with much less than $1,000 dollars. But even $1,000 is so easy to come up with, once you understand WHY you’re saving these $1,000. They won’t be useless savings that force you to cut back on your expenses. These savings will be a symbol for your bright future!

I even have a course where I take you by the hand and help you save these $1,000 within 90 days. This topic is so fundamental and so important to me that I’ve done everything to take you by the hand and help you with this vital step. The course is priced at $39 (by now) so everybody can afford it and get started. Would you pay $39 and end up with $1,000 in your pocket within 3 months? I would…

Conclusion: The Most Important Money Tip

If you want to change your financial life – and your life in general – then this is your ticket to do so! After 10 years of being an entrepreneur now, I can say that this is the one money tip that changed everything in my life for the better.

Of course, the next step after having the money in your hands will be to know the practical steps on how to use it to build your first independent income stream. To lead you through that whole process, here are a few articles that will show you specific ways to make money with less than $1,000 startup cost.

If there\'s ONE money tip that has changed my life, then this is it. It\'s not even a secret, but it has never been described in its entirety before. And this is why this most important of all money tips doesn\'t work for so many people. In this article, you find out what the missing piece is and how you can finally change your financial (and personal) life and remove the shackles from your energy-draining day job. #moneytips #moneymanagement #budgeting

Disclosure: This post may contain affiliate links, which means I get a commission when you make a purchase through my links, at no extra cost to you. Please refer to my full disclaimer for more info.

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18 thoughts on “The Most Important Money Tip To Manage Money And Change Your Life”

    • Hey Charlene! Great you could find something new for yourself. It’s actually not a very wide-spread idea to think about money like this. This is why I’ve shared it. For me, this one adjustment has certainly changed my life!

      Reply
  1. This is so great. I really want to start my own business and finding the funds is the biggest thing holding me back so thinking of money in this way could be a real help.

    Reply
    • Great you find this article helpful! It’s just a pity if coming up with the necessary funds is what’s holding people back from transforming great ideas into reality. That’s why I’m doing everything I can to remove this obstacle. Hopefully it will help you in making your business idea a reality πŸ™‚

      Reply
    • You should – we have only one life, and living in modern captivity is simply not the way to spend this life in my opinion. And, obviously, in yours too!

      Reply
    • Hey Hope! That’s absolutely true. It immediately feels different and hasn’t that boring ring of a “savings account” to it. Definitely works very well for me πŸ™‚

      Reply
  2. Great! I could relate to most part of the article. Building a second income source, I never realized this until I met with an accident and could not perform normal chores which also impacted my job. For almost 4 years, and I remember, how I struggled to build my second income source, in fact at that I did not even realize it was second income, I wanted to keep myself occupied which later materialized to second income.

    Reply
    • That’s absolutely awesome! Yeah, I think that quite a few people go through a similar process, and without specifically planning it, they soon realize that they have built something lasting. Great to hear your story πŸ™‚

      Reply
  3. I am so glad you wrote this blog about this subject! My wonderful husband did this from his first job right after college. He is going to be retiring in a couple of years and with ALWAYS maxing out his 401K contributions and with matching from his BNSF Railway Company. Never missed it… never thought about it…. and now we are in position to be able to ‘travel the world’ in style when he does retires. Do it early in your career! But no matter what, do it now if you haven’t started yet and don’t look back.

    Reply
    • Wow, that’s GREAT to hear! What an inspiring story, and definitive proof that this strategy works. Your example is a very long-term example, and that’s the beauty of this concept! Whatever your objective is, it can be reached by dedicating a portion of your income towards it. Thanks for sharing πŸ™‚

      Reply
  4. Financial management is the biggest thing I stress about in life. Definitely going to take your advice here and start putting away a little at a time for bigger things!

    Reply
    • Hey Megan πŸ™‚

      Yeah, you’re not alone with that financial stress, I remember well the days when I couldn’t quite figure out how to have a healthy attitude towards money – or what a healthy attitude even was. Don’t forget the most important point of the article though! Just saving for “bigger things” will result in you spending the money whenever there’s an emotional trigger. Think about what EXACTLY you want to save for. And if there’s nothing at the moment, put it in an emergency fund ($5,000 would be a great target here). Saving without a goal makes no sense and will only result in useless spending with some delay. After all, how would you know what to do with the money you’ve put away if you haven’t decided in the first place? That’s the mistake so many people make, and this is why I’m pointing it out again here πŸ™‚ Can’t be repeated often enough!

      Reply

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