EPISODE #017

WHAT IS SAVINGS EXACTLY?

PERSONAL FINANCE TIPS DELIVERED DIRECTLY IN YOUR INBOX

Subscribe today and get strategies you can use right away.

By submitting your name and email you are allowing us to store your personal data and send you emails
5 Ways Your Wealth Is Under Attack book

5 WAYS YOUR WEALTH IS UNDER ATTACK

If you want to stop the attack, you'll want to get your copy.

Savings

In this savings episode, John explains the many ways to save, and the proper amounts based on your income. He emphasizes its place as the foundation for your financial plan.

John is the author of 5 Ways Your Wealth is Under Attack and It’s Your Wealth – Keep It.” He has lectured extensively on financial planning and is a recipient of the Five StarSM Wealth Manager Award.

Don’t miss John’s fundamentals:

  • Think of yourself as a business—savings is a way to invest in yourself.
  • You can save money and still grow your wealth over time.
  • You need to set aside a certain amount of money every single year as a percentage of your salary. There are many pressures that will quickly erode whatever you’ve accumulated.
  • The first step is to be truthful about where all your money is going. Even if you currently have a negative savings rate, you can still reach the goal of establishing a positive savings rate and growing your wealth.
  • There are tried and true formulas to help you establish a healthy savings rate. It’s important to tailor them to your family’s needs.

Also:

  • Should have about 50% of your annual expenses in short-term savings to preserve liquidity.
  • One way to save is to check your financial plan for “leaks”. These are places where your money is being petered away due to poor structure.

Listen to this episode to find out how to check your financial plan for leaks, and how to establish your appropriate savings rate. Sit down and talk with us: if you are new to Smallwood Wealth schedule a Wealth Curve Conversation hereor call 732-542-1565.

* This award should be subjectively bestowed, and the process of its receipt readily explained by objective data.
Investment Advisory Services provided by Smallwood Wealth Investment Management, LLC, an SEC registered investment advisor. Headquartered at 199 Broad Street, Red Bank NJ 07701-2056. Securities offered through Purshe Kaplan Sterling Investments, Member FINRA/SIPC Headquartered at 80 State Street, Albany, NY 12207. Purshe Kaplan Sterling Investments and Smallwood Wealth Investment Management, LLC are not affiliated companies.

Talk to a Smallwood Wealth Management Financial Advisor

No Cost, No Obligation.

Savings What Is It Exactly

SHARE

Talk to a Smallwood Wealth Management Financial Advisor

No Cost, No Obligation.

SUBSCRIBE

To go deeper on the insights from Smallwood Wealth Management, request your FREE COPY of 5 Ways Your Wealth Is Under Attack 

Everyone is impacted by these 5 problems. The question is, how big are yours? What impact do they have on your wealth potential? CLICK HERE TO GET THE BOOK

LIKED THAT? YOU MAY WANT TO CHECK THESE OUT:

All
  • All
  • Business Ownership
  • Debt
  • Disability Insurance
  • Financial Planning
  • Insurance
  • Investment Management
  • Life Insurance
  • Retirement
  • Wills and Trusts