Money Guy Show The Hidden Wealth Tool No One's Talking About
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May 14, 2025 Discover a groundbreaking retirement tool: auto-IRA programs that help you save without even trying! Learn how these programs can boost wealth, even in states lacking support. Dive into financial literacy for graduates and hear personal stories about managing money. Listen to insights on navigating debt and emergency funds, plus strategies for making informed financial choices. Don’t miss the lighthearted banter on running and races, proving that financial discussions can be fun and relatable!
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Auto-IRA Boosts Retirement Savings
- Auto-IRA programs automatically enroll workers to save for retirement via paycheck deductions.
- This initiative targets small employers lacking retirement plans to boost wealth building nationwide.
Power of Consistent Small Savings
- Small consistent saving habits compound impressively over decades.
- Auto-enrolling at 5% contribution growing to 10% can turn a $40K salary into $1.2 million in 35 years.
Start Saving Without Waiting
- Don't wait for automatic enrollment; start saving early with IRAs or 401ks.
- Control your savings behavior and begin building wealth even with small amounts.
