An article posted by NerdWallet on July 29, 2015 lists six habits of highly successful savers.
In it, the author Jim Ludwick references author Stephen Covey as inspiration for the article on habits.
“With the utmost respect and honor to Stephen Covey for my very similar title (Covey’s ‘7 Habits of Highly Effective People’ is on my recommended reading list), I’d like to talk about habits,” said Ludwick. “Specifically, good saving habits that could put you in a position to retire on your schedule — early, if that’s what you want to do, or whenever you’re ready to exit the workaday world.”
The first habit Ludwick suggests all good savers practice is to pay themselves first.
“Highly successful savers maximize their retirement plan at work, or they create one if they’re self-employed. Some self-employed people manage to put away more than $50,000 a year in a Solo 401(k),” Ludwick says. “They also frequently enable and fund spousal IRAs, Roth IRAs and/or non-deductible traditional IRAs that convert to Roth IRAs.”
For the other five habits of successful savers click here for the full article.