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We call this the Forced Accelerated Savings Technique (F.A.S.T. for short) and itās definitely the best hack for effectively and consistently saving money.
What do most people do when they decide to start saving money each month?
They commit to an amount. They go āIām going to save $500 this month!ā
Then they do it for a month or two and then stop. Why?
Because itās almost impossible to maintain when you havenāt adjusted your lifestyle to that.
So hereās the ultimate hack for saving money.
This month, save 1% of your income. Immediately the second you get paid, take 1% and set it aside.
Next month, jump that to 2%.
And the next do 3%, and so on.
Until you are saving 10%+ of your income each month.
By doing this on a gradient you give yourself the chance to adjust your lifestyle and habits and your probability of success skyrockets!
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āāā
Green Era Financial LLC is a registered investment adviser. This platform is solely for informational purposes and is not offering advisory services or sales of securities. Investing involves risk and possible loss of principle. This social media, YouTube, podcast, website, post is for informational purposes only and should not be regarded as personalized investment advice or relied upon for investment decisions. Comments by viewers and/or recognitions are no guarantee of future investment outcomes and do not ensure that a viewer will experience a higher level of performance or results. Public comments posted on this site are not selected, amended, deleted, or sorted in any way. Content herein is for educational purposes only and is not intended as advice. Cary Green is an employee of Green Era Financial LLC and may maintain positions in any securities discussed in this video. All opinions expressed are solely his own opinion and do not reflect the opinion of Green Era Financial LLC. Past performance is never a guarantee of future returns. This content should not be regarded as personalized investment advice or a reflection of the performance of Green Era Financial LLC or its clients. Nothing herein is intended to be a recommendation. Rather it is intended to illustrate a point or educate on a financial topic or principle. Current and future markets may differ significantly from those illustrated here. Please always seek to do your own research and consult a licensed financial professional before making any financial decisions or changes. Visit greenerafinancial.com for more info.
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@graysonberman
3 months ago
This is excellent advice. I donāt know why I havenāt heard anyone suggest easing into this behaviorā¦ wow.
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