Bill Gates He has become one of the richest men in the world thanks to his technological genius but also due to his good management of personal finances, and especially of the savingwhich is why the tycoon often shares his advice and learning on this topic with others, all with the intention that people improve their economy.
the founder of microsoft knows that saving is key to people’s stability, however, not everyone has the habit or it is easy for them to do so, which is why the entrepreneur always shares a tip so that this activity does not become a burden.
The also philanthropist has already become famous for his peculiar recommendations about money, such as the fact that he will not leave his entire fortune to his children, since he considers that this does not favor them.
While on the issue of savings, the multimillionaire It is always recommended to have a contingency fund.
Bill Gates’ Best Savings Tip
As we mentioned, Gates details that people must have a savings account into which contributions are made regular, even if they are small.
And to achieve this, Bill gives a somewhat controversial tip but one that undoubtedly works: take a pessimistic and cautious view.
This means that you should always think that something unforeseen or even negative may happen in the futuresuch as an accident, illness or even a major event.
Gates indicates that this does not mean that you have to be afraid, but that bad things just happen at any time and the chances of them happening are high, so it is need to commit to saving.
Gates recommends creating a savings fund little by little and make small contributions of money regularly. The savings must be at the moment, with what you can, you should not wait to have more money to make larger contributions.
You should also consider the saving as a fixed expense of income, and not as a variable that can change from month to month. Although the amount should not make you suffer, it does have to be a sufficient amount to make a difference over time.
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Bill Gates has the best advice to SAVE without making many sacrifices