This episode begins the discussion of the triple constraint (saving frequently, spending wisely & investing prudently) towards financial independence. We cover:

1. What saving is. Setting aside a portion of income to meet an objective ie. emergency fund, purchase, investment etc
2. Story of Noah. Noah built the Ark for about 65 years while others around him continued to eat, drink and make merry. They didn't see Noah's vision of making hay while the sun still shone.
   • Don't be derailed by the pleasures of today which may sacrifice tomorrow's success.
   • Over time, small contributions often lead to growth of a much larger bounty.
3. From the book "The Richest Man in Babylon", start thy purse to fattening.
   • Commit a tenth of your income to saving.
   • Under current circumstances, if possible, the percentage needs to be between 35% -45% of your income.
   • Only adjust the saving percentage upwards. If uncomfortable, focus on adjusting your income and expenditure. How can you earn more income? How can you reduce your expenditure?
4. Spend what's left after saving. Saving should always come before spending.
5. The earlier you start the saving journey/the younger you are the better over time. Today is the the oldest you've ever been but also the youngest you'll ever be again. 
6. Saving alone isn't enough. Due to inflation (rise in price levels of an economy over time), saving without investing leads to loss of purchasing power of money saved.