Table of Contents
Toggle7. Find A Motivation To Save
![Find A Motivation To Save](https://en.financeadri.com/wp-content/uploads/2023/05/Find-A-Motivation-To-Save.webp)
Having the right mindset is crucial when it comes to saving for retirement.
If you want to save, you need to feel motivated to do so. Among the supersavers we mentioned, a significant number of them (61 percent) are motivated by the desire for a comfortable lifestyle during retirement. Additionally, 51 percent save to be prepared for unexpected expenses, and 73 percent are motivated by the satisfaction of having money to save, which further encourages them to save even more.
When trying to develop a habit, motivation is essential. Without it, it’s easy to talk yourself out of doing something. That’s why it’s important to have a strong reason for why you’re saving your money.
8. Strive For Financial Independence
This is a well-known concept that holds significant importance. Many individuals have their own understanding of financial independence, and sometimes we have to accept that we haven’t reached it yet.
Financial independence, according to the supersavers, means having enough money to cover your bills and expenses while maintaining the desired lifestyle, without relying on parents or other family members for support. For some supersavers, it goes even further, suggesting never having to work for money in certain cases.
Based on a survey, the majority of respondents describe financial independence as being able to pay bills without worry, having the ability to cover expenses even if they lose their job, being free from credit card debt, and having the freedom to indulge in occasional splurges. According to the survey, 54 percent of supersavers consider themselves financially independent, 41 percent are on the path to achieving it, and only 6 percent do not consider themselves financially independent.