One of the interesting lessons that one may gleaned from the Law of Habit is benefits that form out of the habit of saving money… many with assume that the key benefit of saving money is that is will lead to financial independence.
The long road to financial independence is surely only possible (outside of a windfall) by those who develop the habit of savings – but this is not the total or even the most important result, from where I see it.
The habit of savings is actually so much more… saving money and breaking free of the habit of spending will help you strengthen your self-discipline. With strong self-discipline, it is possible to achieve much in this life.
As Napoleon Hill says “Adopt, as a part of your Definite Chief Aim, the habit of saving a regular proportion of your income, even if this be no more than a penny a day. Very soon this habit will begin to lay hold of your mind and you will actually get joy out of saving. (…) Any habit may be discontinued by building in its place some other and more desirable habit. The “spending” habit must be replaced by the “saving” habit by all who attain financial independence.”
Besides financial independence and self-discipline… what other benefits do you think will be the result of correct application of The Law of Habit?