How can I counteract the belief that small actions cannot produce wealth?
I see this limiting belief all the time, that small actions can't ever produce big wealth. That's a limiting belief, and it's 100% wrong. Small actions can produce huge, huge results. There's a great example of how small actions, small savings, can actually generate huge, huge, rewards. Jack and Sue are brother and sister. Jack is this know-it-all kind of guy, and he's making a lot of money. But what he didn't do is start saving early. He decided, "I'm making all kinds of money, I'm just going to spend it, and when I get older, because I'm making so much, I'll just start saving then." Sue, on the other hand, didn't make a whole lot, but she decided very early on that she was going to start saving from her first job. When she turned 21, she graduated college and started working, and she started putting away just a little bit every single month. She started off at $50 a month, not that much, and then after a few years it turned into $100, then after a couple more years, it was $200. The point is that, with whatever she could, she just started saving little-by-little-by-little. She started early, aged 21. Guess what? At the end of the day, she had amassed twice as much money as her brother Jack. Here's the interesting part: she was out of pocket and only contributed less then half what he did. He started later, put in over twice as much as she did, and ended up with half as much as she did. The bottom line is to start saving early, start even if you think it's a tiny, insignificant amount, and at the end of the road, when you want to retire, you will be amazed and shocked at how much is in the account.
