The LARGEST Wealth Transfer Just Started | How To Prepare

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In June, it was reported that 61% of Americans are living paycheck to paycheck - and, as of a recent report - higher costs and rising inflation have NEGATIVELY affected ALL INCOME BRACKETS…with the personal savings rate NOW at the lowest it’s been in 10 Years.

So, as ways to save extra money:

1. BUY IT TOMORROW

The fact is, impulse purchases are getting MORE AND MORE COMMON, with the average American spending an EXTRA $314 per month, without even realizing it. But, by buying it tomorrow - you can significantly reduce those purchases by thinking through which items you really need.

2. WOULD YOU TAKE THE CASH EQUIVALENT?

The reality is, we usually FORGET about how much something is going to cost, when we’re so fixated on just getting the thing that we want. But, by reframing each purchase as a dollar amount that you could EARN…it’s almost as though you PAY YOURSELF to save the difference, once you decide not to buy something.

3. THINK: HOW MANY HOURS WILL THIS COST TO PAY FOR IT?

For example, let’s just say if you’re making $30 per hour and decide to drop $90 on dinner...in a way, that dinner is ACTUALLY costing you 3 hours of your time - or, spending $30 eating out during your one hour lunch break, would be the same as you needing to work one hour later just to make up for it. Is it worth it?

4. TRANSFER THE SAVINGS IMMEDIATELY

This is a great way to not only make sure you actually KEEP the money you’re saving, but it’s also really effective because you can begin seeing the immediate results of cutting back.

5. THINK OF HOW MUCH YOUR MONEY COULD BE WORTH IN THE FUTURE.

If you just took the average return of the stock market, adjusted for inflation, with dividends re-invested, $100 today would grow to $425 in 20 years, $875 in 30 years, and $1800 in 40 years. - meaning, you can multiply your current spending by 4-18X, and that’s how much it could be worth…if you just invested, instead.

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