In the beginning we had a very simple idea. Make the finest cold cuts possible. Nothing less.We still insist on the same unwavering commitment to those standards we established long ago, standards mostly abandoned in a mass-produced world.
So don't blame your poor savings on your income. Don't wait for your income to rise. Just start saving, and save every month. In Ordinary People, Extraordinary Wealth, I revealed that five thousand ordinary Americans became wealthy simply by saving small amounts of money on a regular basis. You'll find four ways that you can easily create savings in chapter 49 of The Truth About Money.
Precautionary saving is saving (non-expenditure of a portion of income) that occurs in response to uncertainty regarding future income. The precautionary motive to delay consumption and save in the current period rises due to the lack of completeness of insurance markets.