You would think that the closest people associated with me would have my best habits rubbed off them. Often the people that are closest to you are the ones that you have the biggest problem convincing.

Enter my best friend.

He loves to live a good life. Has a great job earning an above average salary, a house that was bought when the prices were far more reasonable, a weekend off peak vehicle during the times when Hyundai Avante was costing $44k.

His big problem: A reluctance to save more.

In his case, the problem is that he wants to keep his current standard of living yet he wants to build his wealth.

Often a persons problem with saving are psychological.

I can tell him to set aside 25% of his disposable income for saving like I always do. But to him that is loss aversion. Its like taking 25% ...