I received some savvy financial advice once from my sister-in-law. I was about 30 years old when she gave me this advice and I’ll never forget it. She said, “treat savings as if it were a monthly bill – as we all manage to pay our bills, but find it much harder to save.” From my experience of customers’ savings patterns, there is a universal truth to this. We pay our monthly bills because we feel some imperative to do so – to avoid the disaster of losing a service or an asset that we rely on. Now we just need to see our savings “bill” in the same light: we pay it to avoid the disaster of dwindling wealth. I even recommend to some clients that they may consider borrowing money in order to bolster their payments to their savings “bill”. Or, as I think of it, to ‘indirectly save’. This might be in the form of investing in something like a sound investment property. This way, with a reasonable level of risk, they can sit back and watch their investment grow in value over time. This strategy, if executed correctly, is a tried and true way of generating returns and building wealth in the long term.