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Editor: Isaías Blanco

One of the best-preserved strategies by successful entrepreneurs, the most outstanding CEOs and tech-business founders, creates a systematically saving a quota of the entries, making it non-existent, and deep restructure on the monthly budgets.  

It is rather often listening in the Valley of Californian startups the 30% saving rule, which is focused on creating the fiscal discipline to raise capital destined for self-development. It means a mental reprogramming about money conception to avoid unnecessary expenses or any whims. 

Furthermore, the 30% saving rule means a personal commitment to invest capital in new skills acquisition, courses, Masters’s studies or business programs. The essence of this strategy explains the monthly incomes -or profits- be used until the end of the fiscal year.

Precisely, the planning and administration of resources are pillars of business success for entrepreneurs and professionals who seek to improve their performance to level up and attract other types of labor relations with more powerful returns.

The 30% saving rule allocates a fixed share of all monthly revenue to consolidate a reserve able to pay for academic courses or financial programs without requiring a loan from a bank or education credit lines.

More than a saving tactic, this mental reprogramming can generate funds to invest in the new technology, buy new equipment and enable new modern production lines.

 

Saving money is base on financial intelligence. 

 

The main difference between successful entrepreneurs focused on self-development investment and stock professionals lie in the strategic discipline to understand money as a tool instead of a channel for satisfying emotions.

And it is precisely the financial discipline the principal key to cover operating expenses, pay taxes, cancel payroll, yield loan interest without sacrificing the saving quota.

To elevate our self-commitment is critical to understand how our brain works, even more since it is the most vital resource to reach significant life goals. A simple reprogramming of thinking is enough to understand money, precisely monthly income, as the construction tool for our self-development planning. 

 

The energy of the money 

 

Adapting some of the Digital Growth Hacking core concepts to the 30% saving rule helps us understand fiscal discipline as the key to monetary success due to it implies a series of sequential actions focused on a particular goal. 

The following points will resume how to enhance the self-discipline considering the saving quota as the primary goal per month:

1. Setting a realistic milestone to analyze how much money we need to cover all expenses per month.

2. Dividing the milestone into at least five to ten detailed bills to cover, excluding essential services. 

3. Preparing a contingency plan in case of unexpected expenses related to any contingencies or maintenance  

4. Generating an intelligent system of evaluation and control of your goal to know the situation’s realistic status and the necessary know-how to predict when the extra time you need to meet the goal.

5. Defining deadlines to increase the effort and times to make the load lighter, so the task will not be seen as an obligation but a way of approaching the objectives.

6. Finally, DO NOT abandon the goal if you realistically infer that its fulfillment is far from what was planned. Instead of quitting, it is better to redesign the plan and adapt the saving quota timing to the new reality.

 

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