REPLAY - Wealth Series 2.0 - Episode 5 - Save Like Crazy
09/04/23 • 37 min
*The giveaway has now closed. A robust savings account puts you in a position to weather storms and invest extra money wisely. In episode five of Wealth Series 2.0, Ben Kinney, Bob Stewart, and Chad Hyams discuss money-saving habits and budget models that put your savings on automation.
Disclaimer: You should not use our advice to make financial decisions. We highly recommend you seek professional advice from someone authorized to provide investment and retirement advice.
In this episode, we cover the following:
- Four elements of saving [1:36]
- Stats about saving [3:35]
- Highlighter exercise [5:51]
- Reducing things you don’t really need [8:02]
- Creating an emergency fund [12:21]
- Calculating four months' reserve savings [13:27]
- Saving and offsetting inflation [15:16]
- Building an emergency fund for businesses [17:00]
- Automate savings [19:11]
- 50/25/25 budget model [23:26]
- 80/10/10 budget model [27:27]
- Ten ways to save like a pro [30:05]
- Saving and investing questions [35:09]
Resources discussed in this episode:
- Enroll in Wealth Series 2.0: https://WinMakeGive.com/wealth/ to receive all the workbooks and have the resources emailed to you directly
- Download the workbook and resources for Episode 5 at https://winmakegive.com/wealth-part-5/
- Wealth Series 2.0 - Episode 2 - Reality Check: https://apple.co/45nzYvX
- Win Make Give Facebook group: https://www.facebook.com/groups/WinMakeGive
Connect with the hosts:
- Ben Kinney: https://www.BenKinney.com/
- Bob Stewart: https://www.linkedin.com/in/activebob
- Chad Hyams: https://ChadHyams.com/
- Book one of our co-hosts for your next event: https://WinMakeGive.com/speakers/
More ways to connect:
- Sign up for our weekly newsletter: https://WinMakeGive.com/sign-up
- Explore the Win Make Give Podcast Network: https://WinMakeGive.com/
- Listen to Win Make Give Season 3 on YouTube: bit.ly/3pPEdAx
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Part of the Win Make Give Podcast Network
*The giveaway has now closed. A robust savings account puts you in a position to weather storms and invest extra money wisely. In episode five of Wealth Series 2.0, Ben Kinney, Bob Stewart, and Chad Hyams discuss money-saving habits and budget models that put your savings on automation.
Disclaimer: You should not use our advice to make financial decisions. We highly recommend you seek professional advice from someone authorized to provide investment and retirement advice.
In this episode, we cover the following:
- Four elements of saving [1:36]
- Stats about saving [3:35]
- Highlighter exercise [5:51]
- Reducing things you don’t really need [8:02]
- Creating an emergency fund [12:21]
- Calculating four months' reserve savings [13:27]
- Saving and offsetting inflation [15:16]
- Building an emergency fund for businesses [17:00]
- Automate savings [19:11]
- 50/25/25 budget model [23:26]
- 80/10/10 budget model [27:27]
- Ten ways to save like a pro [30:05]
- Saving and investing questions [35:09]
Resources discussed in this episode:
- Enroll in Wealth Series 2.0: https://WinMakeGive.com/wealth/ to receive all the workbooks and have the resources emailed to you directly
- Download the workbook and resources for Episode 5 at https://winmakegive.com/wealth-part-5/
- Wealth Series 2.0 - Episode 2 - Reality Check: https://apple.co/45nzYvX
- Win Make Give Facebook group: https://www.facebook.com/groups/WinMakeGive
Connect with the hosts:
- Ben Kinney: https://www.BenKinney.com/
- Bob Stewart: https://www.linkedin.com/in/activebob
- Chad Hyams: https://ChadHyams.com/
- Book one of our co-hosts for your next event: https://WinMakeGive.com/speakers/
More ways to connect:
- Sign up for our weekly newsletter: https://WinMakeGive.com/sign-up
- Explore the Win Make Give Podcast Network: https://WinMakeGive.com/
- Listen to Win Make Give Season 3 on YouTube: bit.ly/3pPEdAx
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Part of the Win Make Give Podcast Network
Previous Episode
REPLAY - Wealth Series 2.0 - Episdoe 4 - Understanding and Increasing Income
*The giveaway has now closed. You can start developing a long-term income plan when you know how much money you need today and for retirement. In episode four of Wealth Series 2.0, Ben Kinney, Bob Stewart, and Chad Hyams discuss the three types of income and ten ways to earn more money.
Disclaimer: You should not use our advice to make financial decisions. We highly recommend you seek professional advice from someone authorized to provide investment and retirement advice.
In this episode, we cover the following:
- Income you currently have [:45]
- Increasing your income [2:15]
- What is normal income? [3:30]
- What is investment income? [5:44]
- How the wealthy change their wealth [8:35]
- What is passive income? [9:03]
- What types of income do you have? [12:38]
- Workbook exercise on income [13:58]
- Calculating your future income [15:01]
- Stats on income [17:30]
- Ask for a raise [21:10]
- Explore company benefits [22:32]
- Investments that pay regularly [24:22]
- Rent things out [24:56]
- Side hustles [27:35]
- Teaching, training, or coaching [31:59]
- By-products [33:03]
- Sell stuff [34:38]
- Explore a second career [37:20]
- Reduce taxes [37:47]
- Reflecting on workbook questions [40:18]
- Calculate your hourly rate [42:10]
Resources discussed in this episode:
- Enroll in Wealth Series 2.0: https://WinMakeGive.com/wealth/ to receive all the workbooks and have the resources emailed to you directly
- Download the workbook and resources for Episode 4 at https://winmakegive.com/wealth-part-4/
- The Three Types of Income: https://apple.co/47MI8zB
- Win Make Give’s FREE Net Worth Tracker: https://winmakegive.com/resources
- The Power of the Net Worth Tracker episode: https://apple.co/3smZ0gt
- Win Make Give Facebook group: https://www.facebook.com/groups/WinMakeGive
Connect with the hosts:
- Ben Kinney: https://www.BenKinney.com/
- Bob Stewart: https://www.linkedin.com/in/activebob
- Chad Hyams: https://ChadHyams.com/
- Book one of our co-hosts for your next event: https://WinMakeGive.com/speakers/
More ways to connect:
- Sign up for our weekly newsletter: https://WinMakeGive.com/sign-up
- Explore the Win Make Give Podcast Network: https://WinMakeGive.com/
- Listen to Win Make Give Season 3 on YouTube: bit.ly/3pPEdAx
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Part of the Win Make Give Podcast Network
Next Episode
REPLAY - Wealth Series 2.0 - Episode 6 - Compound Interest
*The giveaway has now closed. When you understand the power of compound interest, you can use it to your advantage to grow massive wealth. In episode six of Wealth Series 2.0, Ben Kinney, Bob Stewart, and Chad Hyams give examples of compounding interest and how to use it to build wealth.
Disclaimer: You should not use our advice to make financial decisions. We highly recommend you seek professional advice from someone authorized to provide investment and retirement advice.
In this episode, we cover the following:
- Compound interest example [1:14]
- How compound interest works [4:09]
- Why compounding creates wealth [5:43]
- Making decisions by leveraging compounding [7:52]
- Stats on compounding [8:35]
- Principle, rate of return, and compounding frequency [10:38]
- Compounding interest examples [13:24]
- The Rule of 72 [18:40]
- Warren Buffet's $10,000 compounding interest story [20:12]
- Compounding charts and exercises [23:55]
- Why compounding is so powerful [32:28]
Resources discussed in this episode:
- Enroll in Wealth Series 2.0: https://WinMakeGive.com/wealth/ to receive all the workbooks and have the resources emailed to you directly
- Download the workbook and resources for Episode 6 at https://winmakegive.com/wealth-part-6/
- Win Make Give Facebook group: https://www.facebook.com/groups/WinMakeGive
Connect with the hosts:
- Ben Kinney: https://www.BenKinney.com/
- Bob Stewart: https://www.linkedin.com/in/activebob
- Chad Hyams: https://ChadHyams.com/
- Book one of our co-hosts for your next event: https://WinMakeGive.com/speakers/
More ways to connect:
- Sign up for our weekly newsletter: https://WinMakeGive.com/sign-up
- Explore the Win Make Give Podcast Network: https://WinMakeGive.com/
- Listen to Win Make Give Season 3 on YouTube: bit.ly/3pPEdAx
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Part of the Win Make Give Podcast Network
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