I know what you're thinking. "I can't save half of my paycheck!" You're already thinking of reasons that's not a possibility. But you're thinking about it incorrectly! If you want to get ahead financially, you must save. Saving money is more important than making money. Seriously! Let's play a game. Who's better off, the woman who makes $100,000 and spends $95,000 or the woman who makes $60,000 and saves $30,000? Sure, the woman making six figures appears wealthy. But those appearances are harmful to her. She is spending everything she makes. I'd argue that saving half your income should be a goal, and if you reach it, great! Congratulations! Even if you don't, though, you're leaps and bounds ahead of your peers. Read below on a simple 7-step process on how to save half your income.
-By Kathleen O'Malley
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