Back to the Basics: Save Money Smarter

MILMO Show

Today’s the third episode of my "Back to Basics" series that is about being brilliant at the basics or core principles of finance. Last time, I covered cash flow management. Before that the Thrift Savings Plan and today, I’m going over a critical topic: saving your money. People say, “Money can’t buy you happiness.” That one is crazy because renting a yacht for two weeks to eat, drink and be merry with the people I love would bring me absolute joy. There are a lot of sayings, but what they all come down to is that life is hard when you need money and don’t have it. It can be for simple things like needing a new suit for an interview, money to fly home to family for the holidays, a safe home, food, or medical treatments. Having money saved up gives you the freedom and peace to solve your needs, wants and problems quickly.

Saving money is also key to achieving financial stability, reaching your goals, and reducing stress.

In this episode, I’m going over:

• Why it’s important to save money
• Compound interest
• Strategies to save money
• Getting the time and your savings aligned
• Best accounts to save money
• Savings mistakes to avoid
• Maximizing your savings

https://milmo.co/podcasting/save-money-smarter