In addition to the statements made in the previous paragraphs, many well known financial authors also scoff at the idea of saving money, saying that it is a bad idea. Again, while there is a lot of truth to this, it is only true for a certain segment of the population, that is, those who are already rich. If you have $10 million, it makes absolutely no sense to stick all this money in a bank where you are paid at most 3% interest. A wiser course of action would be to purchase assets that produce cash flow, including stocks (those that pay cash dividends), bonds, real estate, and businesses. These investments will produce a much higher rate of return, in some cases as high as 20 percent or beyond.
The problem is, most of the public doesn't have $10 million, and when you consider the fact that most of the public “doesn't” save money, and instead goes in debt to buy liabilities, it becomes easy to see why telling them “not to save,” is bad financial advice, since they already don't. A better piece of financial advice would be to tell people to “save money in order to raise capital for your business,” but remember that saving alone won't make you rich. To become rich, you must invest.”
The reason I say this is because, to succeed in being self employed through using the strategy devised in this book, you must save money, and lots of it.
There is nothing worse then spending years working hard as a freelancer, saving a lot of money only to find that you've been saving paper money that has dramatically lost its purchasing power. Protecting your savings is a key component to becoming rich, and true wealth is measured by how much of your earnings you keep, how this money is earned, and how many generations it lasts. Another reason why saving money is so important according to the philosophy of this book is because savings can act as capital, both for the tools and equipment you will need to expand your freelance career now, and the capital you will need to purchase cash flow investments later on.
Of all the challenges you will face as an Internet freelancer, having the discipline necessary to gain the skills you need will be one of the greatest. It is at this point where many people will fail. At the end of the day, regardless of the tools and opportunities you have available at your disposal, the only one who can take advantage of these things is you. If you don't have the discipline to do so, then all the best tools and opportunities in the world are inherently worthless.