Crouching shrouded in darkness, patiently waiting for the right moment to strike. The ninja is focused, patient and deadly… and that’s why they would make excellent savers!
I’m not saying that the best way to invest money in savings is to sit in the dark with a handful of cash waiting to spring out at the bank manager as he opens up shop first thing in the morning – that’d probably get you into trouble.
What I am saying (I think) is that the skills required to join the ranks of Ninja and his brotherhood of ninjutsu warriors are also great transferable skills for when it comes to investing money in savings.
I’m going to labor this metaphor for a little longer, if you don’t mind, to show you just what skills and qualities I mean, so that you too can be a savings ninja.
The ninja knows that the price of success is patience. The ninja does not rush in, but instead waits until the best possible moment to strike. When it comes to savings, patience is certainly a virtue.
Depending on the savings account you choose to invest in, you’ll be rewarded for your patience in terms of earning more interest on your cash. Moreover, some accounts penalize you for withdrawing cash from the account within the agreed term, making patience even more important.
The ninja is a tactical and strategical master, planning for every conceivable outcome. If you want to save like a ninja then you must have the foresight to know if you are the sort of person who will need to withdraw cash from their savings – and to choose an account which does not penalize you for it.
The ninja fights for a greater goal, follows a moral code and a set of ideals which governs the way he or she lives his or her life. When it comes to savings, this means having faith and discipline in your goals. Willing yourself to leave your savings alone in order to reap greater rewards later down the line shows great discipline, just like that of the ninjutsu. The ninja is a master of self-control, and if you want to make the most of your savings, you need to be too.
The ninja knows how to make a quick, clean exit, leaving no trace. As a saver, if you find that you are unable to maintain the account, and that you keep dipping into it to fund your day-to-day living costs, then you need to be able to concede defeat and make an exit.
First you must know what the rules of your savings account are. The ninja is a master planner, and will have already done reconnaissance to gather this intelligence. If you are able to, withdraw what is left and cancel the account, leaving no trace.
The ninja knows that personal finance is a war fought in individual battles, and must keep and eye on the bigger financial picture. You may lose the battle, but if you are willing to concede defeat you will better equipped to fight the rest of the war.