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