1min snip

THE ED MYLETT SHOW cover image

Building a Money Machine and Avoiding Pitfalls with Mel Abraham

THE ED MYLETT SHOW

NOTE

Plan and Increase Savings Gradually

Identify what truly matters in your financial life and create a structured plan to allocate funds toward those priorities. Begin saving a small percentage of your income, starting at 2%, 3%, or 5%, and increase it by 1% each quarter. Consistently deposit this amount into a high-yield savings account to avoid temptation and decision fatigue. This approach allows your savings to grow while developing a strong habit of saving.

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