To get rich start your discipline for saving when you’re young.

It’s easier to give thirty cents from a dollar than it is to give $100,000 out of $1,000,000. And the savings habit that I’m going to tell you about can easily get you a million dollars by the time your're 40 or 50. (If you start early enough in your life.)

I now believe that there are four ways to save, and by using those four ways your life becomes very abundant.

Jim Rohn says to live on 70% of your net income. Net income is what you have left over after you pay your taxes. So for every dollar you make after taxes you live on 70 cents and save 30 cents.

Here’s what you do with that 30 cents from every dollar you make:

Give one dime to charity to help those who cannot help themselves.

The next dime you put into a pile that you’ll use for investments. Investments come in various forms. Start by creating value. Buy a used car for a couple hundred dollars, and fix it up. Clean off the rust, make mechanical repairs/improvements, and paint it so it looks sharp. Then sell it for $1000 or more.

Somebody gets a reliable mode of transportation, and you make money.

70% of that profit you live on (buy some clothes, or a new toy), and 30% you save for the future.

Or maybe you have an item that you don’t want anymore. Fix it up and sell it.

Sell a book that you’ve read. You make a little money, and the buyer gets new information at a discount price. Everybody wins.

And here’s an additional opportunity for some charity action. For every 10 items you sell, give one to someone who can’t afford your price. The pleasure of giving makes everybody feel good.

Now the third dime you put into a savings account in a bank. And this is a magic place to put your money because this money grows by itself. You see when you put your money into a bank savings account; the bank uses your money to help other people do things they want to do. And the bank pays you for letting them use your money.

Your pile of money in that savings account gets bigger even when you're doing nothing to make it grow. It’s called residual income. And it’s all automatic. Nothing better than automatic income.

OK. Those are the three ways to save according to Jim Rohn. But remember that I think there are actually four ways?

All of this saving to only live on part of what you make takes discipline. And being disciplined gets old quick. So it’s good to take a vacation – or time to play – once-in-a-while.

Here’s my idea. Live on 60% of your income. It’s just as easy to do that as it is to live on 70%, once you make it a habit. Remember, it’s all a matter of your frame of mind.

Take that number four dime and put it into a "for playing only account". Or a "this is my reward" account.

You can use it for anything that pleases you. And I'll talk about that in part three of this series.

Read part three of this series at: Saving Money To Get Rich Part Three…