The most powerful tool to accelerate my cashflow that I have learnt (the hard way unfortunately) is the discipline of spending less than you earn, always paying yourself first and the art of delayed gratification.

To do this effectively you need to budget well, monitor your outgoings and of course, always pay yourself a minimum of 10% (more if able) of your gross earnings and put this aside for long term wealth creation. These funds you only use for either lump sum or cashflow increasing investments. The returns you achieve from these investments must also be reinvested.

For delayed gratification its all about – do I really need that right now ? (plasma TV, new devices, cars, etc). You will be surprised at how much we all blow on things we really dont need. Im on my third phone in four years…….probably didn't need them all !

I wished I learnt these skills at a much younger age and am am trying to teach these concepts to my kids now.

If you have debt (credit cards, personal loans etc), then you also need to get rid of these as fast as possible.

You'll be surprised at how quick you can mass savings, and given your young you have plenty of time to work on your income earned producing ability to also help. Without the other skills though, you'll find money continues to slip through fingers as we all tend to spend what we earn. Again, unfortunately learnt the hard way !