The 1% challenge is about cutting your expenses and cutting a bill. You just take anything, like I started with my cell phone, figure out a way to get it lower. Less money you spend, the more, less you need to earn,. The quicker you don't have to work ever again if you don't want to. So in a year, I saved $12, $1,300. That's more than a thousand a year. It ain't exactly savings till you save it until you save it.
#3: Paula and J. Money share the financial habits they use to grow wealth.
Full show notes can be found at http://themoneyshow.co/03
Listen as they share their favorites (and a couple neat tricks):
- Track Net Worth
- Maximize retirement savings accounts
- Pay bills at least 1 month in advance
- Set up bills on auto-pay
- Leave a buffer in your checking account
- Round up debt payments
- Double the principle payments of your mortgage
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