Mo Money #454 Money Moves You Should Make Now (That Most People Won’t)
Jun 12, 2025
Discover why high earners often see stagnant bank accounts and learn strategic money moves that can boost your savings. Unpack the dangers of financial complacency and the importance of automating savings to stay disciplined. Explore how to manage debt wisely, leveraging it as a tool for wealth creation. Challenge misconceptions about debt and dive into proactive strategies for optimizing savings and seizing investment opportunities. Get ready to transform your financial situation with fresh insights!
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Avoid Idle Cash in Savings
- Don't keep money idle in savings or offset accounts as inflation and tax erode its value.
- Invest in assets like shares to leverage compounding returns for long-term growth.
Automate Savings and Pay Yourself
- Automate your savings and pay yourself first to consistently build your wealth.
- Use simple systems with separate accounts for spending and savings to avoid overspending.
Small Savings Fund Big Goals
- Will Cant shared setting aside small weekly amounts in a lifestyle account funded a honeymoon without stress.
- Small, consistent savings can build substantial funds without noticeable impact on daily life.
