The Quote of the Day Show | Daily Motivational Talks 2281 | Brian Tracy: “If You Can’t Save a Nickel, You Can’t Make a Million Dollars.”
Oct 3, 2025
Brian Tracy, a renowned motivational speaker and author renowned for his expertise in personal and financial development, shares powerful saving strategies. He emphasizes the importance of discipline over luck in building wealth. Tracy introduces the concept of 'paying yourself first' and suggests starting with just 1% savings. His 'wedge strategy' encourages saving 50% of future income increases. He highlights how small habits and the law of accumulation create financial momentum, ultimately leading to lasting prosperity.
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Pay Yourself First
- Pay yourself first by saving 10–20% of your income before spending anything else.
- Start smaller if needed and build the habit gradually until you reach 10–20%.
Start With 1% And Scale Up
- Start saving with just 1% of your income and deposit it into a separate account immediately.
- Increase the saved percentage gradually (2%, 3%, etc.) until saving becomes automatic.
Saving Creates Attractive Momentum
- The law of accumulation says saved money attracts more money and opportunities over time.
- Compounding and consistent saving create an energy that accelerates wealth building.
