Ten things mother might have said.

I've compiled a list of money sayings or proverbs, some that came from mother.

1) Look after the pennies and the pounds will take care of themselves

This is something we advocate at the Millionaires Club, be frugal, don't waste your pocket change and over time you'll see the benefit.

2) Pay yourself first

I don't know if Dave Chilton (The author of The Wealthy Barber) was the first to coin that phrase, but, saving money as soon as you are paid works. If you immediately save 20% of your paycheck, you will learn to live on the remainder.

3) Money does not grow on trees

That's so true, most of us have to work extremely hard (and long) for our money, so why is our first instinct to waste it?

4) A fool and his money are soon parted

Impulse buys, instant credit, no money miracles. They'll get your cash off you if you don't think before you spend. If a deal seems to good to be true, then it probably is.

5) Those who seem the luckiest have often worked the hardest

Make no mistake, it's often not about luck or being in the right place at the right time, It's about hard work, frugality and common sense.

6) She's all fur coat and no knickers

This was mothers comment about people who bought items on "hire purchase" or the "never never" and often indicated a person who put up a facade of wealth and funded it with debt. If you follow the Millionaires Club, you'll realise that we don't like debt of any sort.

7) Money won't buy happiness

This is true, won't buy you love either, but a lot of family discussions and arguments focus on money, if you have it, it's just one less thing to worry or fight about. That is until your kids read the will.....

8) You won't win the lottery if you don't buy the ticket

Face it, You're not going to win the lottery, try the get rich slowly approach instead. If you plan and are wise with your money, you will have the equivalent of a lottery win over a period of two decades, plus, that time will go by quickly, believe me.

9) It takes money, to make money

The magic of capital gains, dividend yield and compound interest, topics we should discuss in depth at some stage. There are resources on the web that can show you how impressive the effect of compound interest can be over those 20 (short) years of saving. One dollar, invested at ten percent over twenty years will increase almost seven fold. Start now.

10) The best way to stop digging is to put the spade down

This is back to avoiding debt, especially credit cards, car loans and anything else that will allow you to buy stuff that you can't afford. Live below your means, fill in that hole and stand on level ground. Only then can you start to build your mountain of money and afford to retire early. Stop now.

Mother was usually right, but unfortunately, it took me the best part of three decades before I realised and began my plan.

You can start your plan right now.