Part Four: Save Like Crazy
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NOTE FROM BEN KINNEY:
The Win Make Give Wealth Series is designed to be sequential, meaning it builds over each lesson. Part Four of the Wealth Series will take you back to the reality check from Part Two, where we visited our expenses and designated them as required or optional. In this session we find more ways to eliminate expenses to save more money so that we can use these savings to pay down debt, invest, and build up reserves. Welcome to Part Four: Save Like Crazy!
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To complete Part Four exercises with ease, make sure you have:
- Printed your recent bank and credit card statements.
- Completed the exercises in Part Two and have them available.
During this lesson, we’ll walk you through how to find the right savings model that works for your situation. The goal is to create some new financial habits but not take away from living a good life.
Part Four Overview
In Part Four, “Save Like Crazy”, Ben Kinney and his co-hosts walk you through the steps to find the right savings model that works for your situation. Whether it’s the 50/25/25 rule, 80/10/10, or a custom plan that fits your needs, the goal is to minimize your monthly required expenses as much as possible and use a portion of your income for savings and debt reduction to set yourself up for financial success in the future.
GIVEAWAY QUESTION: What are the two saving models from this lesson?
(Answer each giveaway question correctly on a form after Part Eight is live in order to be entered to win up to $5,000 for your retirement or investments)