Understanding Money with Eoin McGee
Building Your Wealth
Dec 20, 2023
Learn how to save sustainably and when to start investing your savings. Develop good saving habits by starting small and automating the process. Discover the importance of an emotional connection with savings and balancing long-term goals with short-term rewards. Explore investing for minors and financial preparation for career break travel. Emphasize the significance of developing a savings habit for long-term financial benefits.
28:41
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Quick takeaways
- Establishing good saving habits is crucial for sustainable savings.
- Savings should be categorized into short, medium, and long-term goals for effective planning.
Deep dives
Developing a Savings Habit
Establishing good saving habits is emphasized in the podcast. The speaker highlights that being a saver is a matter of habit rather than innate qualities. It's crucial to start saving regardless of the amount, even beginning with as little as one euro. By focusing on creating the habit of saving consistently, individuals can gradually increase the savings over time.
