Get All Access for $5/mo

How to Start Saving Money Today Take control of your financial future.

By Brian Tracy

Opinions expressed by Entrepreneur contributors are their own.

"Financial freedom comes to the person who actively takes control of their finances," says Entrepreneur Network partner Brian Tracy.

In this video, Tracy explains how you can begin saving money and start taking control of your financial future. In order to set yourself up for longterm financial freedom, it's important to save at least 10 percent of every paycheck that you earn. Savings guarantee the possibilities of tomorrow, says Tracy. Another tactic to begin saving, is to learn. Read, take classes, listen to podcasts -- there are a number of ways to educate yourself on personal finance.

Tracy also touches upon the book The Richest Man in Babylon by George Samuel Clason. In the book, Tracy says there are two laws of saving that you should follow: Pay yourself first and take advantage of tax deferred earnings and investment plans (401Ks, stock option programs, company pension plans, etc.).

To learn how you can start saving money today, click play.

Watch more YouTube videos from Brian Tracy on his channel.

Related: The 5 Career Paths to a Wealthy Life

Entrepreneur Network is a premium video network providing entertainment, education and inspiration from successful entrepreneurs and thought leaders. We provide expertise and opportunities to accelerate brand growth and effectively monetize video and audio content distributed across all digital platforms for the business genre.

EN is partnered with hundreds of top YouTube channels in the business vertical and provides partners with distribution on Entrepreneur.com as well as our apps on Amazon Fire, Roku and Apple TV.

Click here to become a part of this growing video network.

Brian Tracy

Chairman and CEO of Brian Tracy International, Speaker and Author

Brian Tracy is chairman and CEO of Brian Tracy International. He is the leading coach on the topics of leadership, self-esteem, goals and success psychology. Learn more at BrianTracy.com

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

More from Brian Tracy

The Personality Traits That Define a Successful Problem-Solver

Go From Unmotivated to Goal-Oriented With These Hacks

Successful Leaders Incorporate These Steps When Creating a Company Vision

Side Hustle

The Side Hustle He Started in His College Apartment Turned Into a $70,000-a-Month Income Stream — Then Earned Nearly $2 Million Last Year

Kyle Morrand and his college roommates loved playing retro video games — and the pastime would help launch his career.

Business News

New Southwest Airlines Major Investor Wants to Force Out CEO, Slams Company's 'Stubborn Unwillingness to Evolve'

Elliot Investment Management announced a $1.9 billion stake in the Dallas-based Southwest Airlines on Monday and is urging shareholders to vote for new leadership.

Science & Technology

Why We Shouldn't Fear AI in Education (and How to Use It Effectively)

Facing resistance to new technologies in the educational process is nothing new, and AI is no exception. Yet, this powerful tool is set to overcome these challenges and revolutionize education, preparing students and professionals for a future of unparalleled efficiency and personalized learning.

Business News

Elon Musk Threatens to Ban Employees from Using Apple Products, Says Will Lock Devices in 'Cages'

The Tesla founder sounded off on X following Apple's 2024 Worldwide Developer Conference on Monday.

Business News

Apple's AI Has a Catch — And It Could Help Boost Sales

Not every iPhone owner will get to use the new Apple Intelligence.

Business News

Y Combinator Helped Launch Reddit, Airbnb and Dropbox. Here's What I Learned From Its Free Startup School.

The famed startup accelerator offers a free course on building a business — and answers five pressing questions for founders.