408-Budget Categories for the New Year that Actually Matter
Radical Personal Finance
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Categorizing Savings and Investments
This chapter emphasizes the importance of properly categorizing savings and investments. It suggests building an income statement separately to calculate savings rate and provides ideas for allocating savings based on various factors such as short-term vs longer-term savings, savings for spending vs savings for wealth or investments, and passive investing vs active investing. The chapter also highlights the significance of setting goals for savings and investing.
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Transcript
