The Habit of Saving may seem like the most simple lesson in Napoleon Hill’s “Law of Success” fifteen lessons, yet it might be the most difficult. The fact that everything that is simple is not always easy. The current state of America dictates that the majority of the population does not even have $1000 in their savings account. The lesson is not about the amount that is saved, but in fact it gauges the discipline and character of the individual. When you are making less money it is easy to dream about what you would do when you have money. A wise man once said that it is not having money that gives you attitude, but in fact it is the attitude that allows you to acquire money.
A direct quote from the “Law of Success” states that “Expenses increased with every increase in my income, which is a habit,…”. This is not the habit that Napoleon wants readers to derive from this lesson. Many people live by this habit of being spendthrift to the fullest. The concept of keeping money for a rainy day is lost on deaf ears. I am reminded of a story that my mother told me as a child. The way I remember the story is that a man was waiting for a windfall. The time that he was waiting for the money to come he boasted about how much he would give to “charity”. The day came and he received his monies and the charity saw none of it. He was later heard saying that when he did not have the money he had the mind, but once he received the money he did not have the mind. The moral of the story is that you must always have the mind to save money.
I have read a number of different books told by storytellers far better than my mom. The knowledge gained from her has not been overshadowed by those of Og Mandingo and Napoleon Hill. Og Mandingo “The Richest Man in Babylon” discussed seven cures for a lean purse and it was very informative and enlightening. He told this story in the simplest narrative that you could not help, but learn his lessons. The one that stand out for me is the same concept that Napoleon Hill is highlighting in “Law of Success”.
Og Mandingo setting for his book was many hundred years ago. Napoleon Hill and Og Mandingo both believed that saving some of your earning is very important. Saving a percentage of your “salary” allowed you to be ready if any opportunity that required investing money. The opportunity to live your dreams comes unexpectedly. The saying is that when opportunity knocks many people are at the back door. The fact that you don’t have your investment ready could be detrimental to your success. The person with a saving is in a better position to invest than a person with no saving at all. The more disciplined you are in saving for the future the better you are view by others. The act of saving consistently is view as a very strong character trait. The people who do not save are view in a totally different light.
Napoleon Hill tells different stories about people who did not have the discipline to save money. The problem that plague many people is that the more they make the more they spend. This habit is sometimes very difficult to overcome. Napoleon Hill defines a habit as “any act indulged in a few times”. He further states that “the mind appears to be nothing more than a mass of motivating forces growing out of our daily habits.” I draw from this that if our habits are not controlled or directed to better acts, then your future may be ruin extensively. I am in concert with Og Mandingo, and Napoleon Hill, as we say save consistently no matter how small.