Before I started developing the discipline of saving, I believed, like most students, that I had to wait until the end of my studies to start creating wealth. I thought that a student was doomed to poverty until they finished their studies and found a well-paying job. This false reasoning associates wealth with the level of income.

According to this reasoning, I could only have money once I started working full-time, which meant after my studies. This reasoning required me to accept being poor during my studies. But one day, while I was reflecting, I began to receive revelations in my heart in the form of teachings. It was as if a teacher had come to sit in my heart to teach me.

This invisible teacher began by making me understand that it was not when I had a well-paying job after my studies that I could become wealthy. He continued by saying that it was not the amount of income that allowed for wealth, but rather what one was able to save that constituted the basis of wealth. He told me that an employee or an entrepreneur with an income of 5,000 Euros per month and also with 5,000 Euros in monthly expenses is not financially different from a student with no income. He added that if the student could save 100 Euros per month, they would be financially more prosperous than the worker earning 5,000 Euros per month but also spending 5,000 Euros per month.

While I was attentively listening to this voice, I felt an immense joy overwhelming me, like a blind person who has just regained their sight. I had never been exposed to such teachings before. All I knew was that one had to go to school and get good grades to get a good job that would allow me to have a house, a car, clothes, and many other things that many people in the middle class like to afford.

I asked my invisible teacher if, as a student, I could really be wealthier than a salaried person with significant income. He answered affirmatively, specifying that it was even during my studies that I would have more opportunities to create wealth. He explained that it was during this period of study that I would have the fewest expenses in my entire life. He said that this was not the case for employees or entrepreneurs because, in addition to the high taxes they have to pay, they have families to support, as well as friends and acquaintances to occasionally help.

They also have to pay various expenses related to the use of their vehicles, the family home, children’s education, the maintenance of their spouse, and sometimes even the extended family. From this teaching, I understood that the key to wealth was saving or the ability to save. I understood that the ability to save did not depend on the level of income.

As soon as one has any amount of money coming in, even sporadically and limitedly, one already has the possibility to save, and it is this saving that will make the difference and position us on the path to wealth. From that day on, I made a commitment to make saving and investing a way of life…

This text is an excerpt from the book “MASTERING THE ART OF SAVING” written by Dominique MBOG.

We invite you to read the following article “THE NECESSITY OF SAVING?”