10 Questions to Ask Yourself as an Aspiring Millionaire

10 Questions to Ask Yourself as an Aspiring Millionaire

By  Anum Yoon

Most accomplished individuals and millionaires often find the best way to navigate to success is by questioning the status quo.

This isn’t just about asking numerous, random questions or simply being contradictory. This will only waste time and energy, which are valuable assets that could be better served elsewhere in your business and life.

Instead, remember the key to success is knowing the right questions to ask. These are instrumental in developing positive daily habits that reinforce your goals and objectives.

 10 Questions to Ask Yourself As An Aspiring Millionaire

Formulate the questions so you can revisit them periodically as you grow and change. Reviewing and regrouping will help you develop a positive habit of self-evaluation – a key characteristic for growth, development and advancement.

Here is a list of 10 questions you can use as a daily, weekly or monthly checklist:

 1) Why Do I Want to Be a Millionaire?

This may seem like a silly question, but wanting to be a millionaire and really understanding the why of it are extremely different. In order to achieve something, you must really understand the reason you want to achieve it.

Wanting to be a millionaire just to have a lot of money probably won’t provide you with the necessary drive to achieve it. Sorry.

Instead, really work through the why behind your goals:

Do you want to be a millionaire for financial stability?

To travel more?

To have more freedom?

To give back to society?

Simon Sinek gives a great TED talk about the importance of a well-defined why in successful business, and the difference it makes. It may help you sort out your own.

 2) Will I Be Given Room to Grow on This Path?

Now that you’ve figured out exactly why you are working toward millionaire status, it’s important to recognize whether or not the path you’ve chosen leaves room for self-growth.

A path that is too rigid keeps an individual in their comfort zone. If you aren’t free to grow, you aren’t learning and discovering new ways to move forward, and risk stagnating yourself and your goals.

 3) Will This Contribute Value to My Own Life and the Lives of Others?

Having a successful business isn’t just about numbers.

It’s also about having a mission and objective that feeds you and your employees both professionally and emotionally, believe it or not. A thorough understanding of your why will help you address this as well, adding value to your brand and those associated with it.

 4) Have I Made a Strategic Game Plan to Achieve These Objectives?

You’ve figured out why you want to become a millionaire, and how that will add value to you and those around you.

Now, you need to have a clear plan and strategy on how to achieve this. There are lots of examples out there if you’re looking for help on how to start developing your own business strategy.

Revisit this question often to make sure you and your employees remain on task to achieve your long-term objectives, and reorganize where necessary.

To continue reading, please go to the original article here:

https://wealthygorilla.com/10-questions-ask-aspiring-millionaire/

How To Teach Your Kids About Money… Let Them Fail

How To Teach Your Kids About Money… Let Them Fail

Personal Finance - Millionaire Mob - May 2, 2019

Every parent’s goal is to save money for their kids future. There are a few effective ways to save money for kids. One of the most effective money management tips might be allowing them to make mistakes… Here’s how to teach your kids about money.

When it comes to parenting, every parent wants their kids to be better off than they were (at least the good ones!).

Whether this means encouraging them to work hard and apply themselves in school, or giving them the life opportunities and experiences they never had growing up, the ultimate goal is to raise a healthy, happy, well-adjusted young adult who’s ready to leave the nest at an appropriate age (read: before they’re 35 and have lived in your basement for 15 years).

When it comes to giving their kids a solid financial foundation, most parents often don’t know where to start. Maybe they take their kids to open a bank account when they’re teenagers.

Perhaps they encourage them to start a paper route or get a job so they have some spending money.

Or maybe it’s the old standby allowance routine of giving their kiddo a lump sum of money, occasionally tied to some sort of work around the home, that they can spend on whatever their heart desires.

And that’s usually where the financial education ends. Junior applies to college, takes on the anchor of a student loan, and after 4 years gets a job in order to pay off the debt he’s just incurred.

A little while later, he gets married, takes on another massive debt load (a mortgage) when he buys a house and spends the better part of the next 40 years trying to climb out of the hole he’s dug for himself.

Depressing? Yes, but it doesn’t have to be this way. Parents are in an incredibly powerful and unique position to set their kids up to have the type of financial success that most people only experience in their dreams.

But how can you as a parent give your kiddo the skills and tools they’ll need to be money rockstars? Well, oddly enough, it all comes down to striking a fine balance between letting them fail and being there to support them (notice I didn’t say SAVE them) when they do.

The Foundation of Money Management for Kids

Your child needs you to give them the basic tools to have financial success. No, I’m not talking about showing them how to set up a Roth IRA or open their own brokerage account.

They don’t need to know about all the finer points of investing, interest rates, or inverted yield curves (not sure what that is or why it’s important? Don’t worry about it, and neither should your kid).

No, all your child needs to learn in order to master their money are 5 simple Pillars of Money which will have them light-years ahead of their peers.

To continue reading, please go to the original article here:

https://millionairemob.com/how-to-teach-your-kids-about-money/

10 Lies About Money You Probably Still Believe

10 Lies About Money You Probably Still Believe

By  Maria Nedeva

There are many lies about money you probably still believe.

Don’t blame you – I did believe many of these money lies as well before I put my brain into gear and did some sums. You don’t even need complex maths, or any maths for that matter, to see that some of the money ‘wisdom’ in circulation is as washed out as you granny’s bloomers. Some critical and questioning thinking would do! Tonight, I’d like to share with you the top ten lies about money on my lists.

Now let me tell you why I believe these ten regularly recycled money statements are, if not complete fabrication, very highly misleading. These are lies about money that not only will hurt your bank account but also believing in them makes you look as ridiculous as a husky wearing a coat on a mild autumn day. (Yes, I’ve seen this one and felt profoundly sorry for the husky.)

Finally… What are the lies about money you can think about?

#1   You Need A Budget

No, you don’t and if you continue defining your problems wrongly there isn’t hope for you; in life and money. See, when you say that you need a budget, you are saying that not ‘a budget’ is your problem. In fact, your problem most likely is that you are over-spending.

There are many ways to deal with over-spending.

One is to make a budget and try to fit your life in it. This is a bit like buying a pair of jeans that are two sizes small and trying to fit in them. Have you tried this one? (I did when I way fifteen and it isn’t great, trust me.)

Another one is to change your life and learn to want less. Now this one is more like going to a slimming club and loosing enough weight to buy jeans two sizes smaller than the ones wearing now. Makes sense, yes?

Do me a favour and forget that you need a budget. Instead learn to stop wanting things and never look at another budget again.

#2   Ownership Trumps Hire

Not always. Whether you own things or hire them depends on many things including how much you move around (stage of life), how much is your monthly income, how secure is this income, how you cope with uncertainty, do you relish being custodian of all your possessions etc.

Did you know that last year renting accommodation was cheaper than buying in half UK cities? (And please don’t tell yourselves that buying a house is an investment; it isn’t. Now that we are clear on this one…)

#3   Frugality Will Save The Day (And Your Bank Account)

No, it won’t.

To continue reading, please go to the original article here:

https://www.themoneyprinciple.co.uk/lies-about-money/

What’s Your Whetstone?

What’s Your Whetstone?

Post From Rich Habits  By Thomas C. Corley

 “Give me six hours to cut down a tree, and I will spend the first four hours sharpening my axe.” – Abraham Lincoln

What sharpens your axe?

It’s an important question because it gets to the core of what is required in order to become rich and successful.

I have spent over a decade studying self-made millionaires. The one common denominator they all seemed to have were daily habits or daily routines that enabled them to sharpen their axe by consistent daily self-improvement.

Most of that improvement was related to their business, careers or vocation. But many of those self-improvement habits also included keeping fit and healthy and little secrets they deployed to build relationships with other rich, successful people.

Because I had a front row seat that allowed me to peer into the minutia of the daily lives of the rich and poor, I learned that those who were constantly sharpening their ax happened to also be the richest and most successful individuals.

So, in an effort to become rich, I took a page out of the book of these self-made millionaires and decided to create my own whetstone to sharpen my own axe.

For me, my whetstone is a proven process that has become my morning routine, or set of habits:

I wake at 5am each day (Habit) – 25% of the time I wake up at 4am. 25% of the time I wake up at 5:30 am.

I get my coffee (Habit) and go down to my “Hole” (basement office).

I review my Word List for 15 minutes (Habit) – My Word List is a list of words I am committing to memory.

I review my Facts Summary or Study Summary for 15 minutes (Habit). My Facts Summary are important facts I feel it is important to know. My Study Summary is a summary of the thousands of studies I’ve poured through over the years that make their way into media articles and my books.

I read for 45 minutes – Reading material = studies, specifically selected articles, latest non-fiction book, etc.

I write for 45 minutes.

I spend about 30 minutes reviewing my work – articles, TV interviews, Internet media interviews, speaking engagements, radio interviews, podcast interviews, etc.

To continue reading, please go to the original article here:

http://richhabits.net/whats-your-whetstone/#more-12103

The 1% Will Always Control the Wealth

The 1% Will Always Control the Wealth

Post From Rich Habits  By Tom Corley

The 1% Will Always Control the Wealth – And Here’s How They Do It

I just finished reading a recent article complaining about the rich. The author was upset at the fact that 1% controlled 82% of the wealth in the world. In the author’s mind, there was something inherently unfair about this.

The author, like many who are not in the 1%, felt that the wealth the 1% created didn’t necessarily belong to them and offered government solutions to cap or redistribute the wealth of the rich.

It’s true. One percent do control 82% of the wealth. And the top 1% will always control most of the wealth until the other 99% figure out how the 1% go about cultivating wealth.

So, how do the 1% cultivate wealth?

The top 1% cultivate wealth by doing certain things:

Read to Learn Every Day – 88% of the rich in my Rich Habits Study read 30 minutes or more every day to learn. Reading is work. But it’s work that is necessary if you want to become rich.

 Rich people read because they know that knowledge can be leveraged to gain wealth. The more you know about your field, career or industry, the more valuable you are to those you service or sell to in your field, career or industry.

Deliberate Practice – 69% of the rich in my study practiced some specific skill for two or more hours every day. Deliberate practice requires conscious practice as opposed to unconscious practice.

Conscious practice is practice in which you study everything you do that goes into the skill you have. It’s about studying the intricate details that enable you to become a virtuoso at what you do.

Pursue Long-Term Goals or a Dream- 70% of the rich in my study pursued some long-term goal or some dream. This is what really drives the disparity between the 1% and the other 99%.

Pursuing big goals or dreams creates the opportunity for good luck to happen. The majority of the 1% are beneficiaries of good luck – but good luck they put themselves in a position to receive.

To continue reading, please go to the original article here:

http://richhabits.net/the-1-will-always-control-the-wealth-and-heres-how-they-do-it/#more-11953

The Underrated Skill For You To Succeed

Three Billionaires Reveal the Underrated Skill You Really Need to Succeed (and It’s Not Intelligence)

By  Brooke Nelson

And you don't need an expensive degree to learn it either.

Turns out, your mom was totally wrong. There IS a secret to success! So forget everything you’ve been told about meditation, exercise, or productivity. The real answer is way simpler than you originally thought.

According to billionaires Bill Gates, Richard Branson, and Warren Buffett, there’s just one essential skill you need to be successful: communication.

That’s it! Easy, right?

Well, maybe not. Communication issues are common in any group setting, and that goes for lots of different mediums: interpersonal, organizational, and even nonverbal. (Don’t miss these signs you can’t trust your co-worker.)

But being a good communicator is essential if you want to get ahead; research by the Carnegie Institute of Technology shows that only 15 percent of financial success comes from knowledge or skills, while the other whopping 85 percent comes from the ability to effectively communicate, negotiate, and lead.

Plus, if the world’s most successful billionaire entrepreneurs have already confirmed the importance of communication, we should take heed!

Here’s the scoop: Ten years ago, Microsoft co-founder Bill Gates said in a BBC News interview, “Communication skills and the ability to work well with different types of people are very important … software innovation, like almost every other kind of innovation, requires the ability to collaborate and share ideas with other people, and to sit down and talk with customers and get their feedback and understand their needs.”

One decade later, that advice still holds true today. As Richard Branson wrote on his Virgin blog,

To continue reading, please go to the original article here:

https://www.rd.com/advice/work-career/secret-to-success-billionaires/

The 10 Attributes of Wildly Successful People

The 10 Attributes of Wildly Successful People

Lambeth Hochwald

You know those people who seem to ace everything in life? Researchers have uncovered their secrets to success.

Secrets Of Success

We all know people who seem to be accomplished in their every pursuit. So it’s especially interesting to read a new British study that drills into the 10 attributes that make people extra good at what they do.

And they all have a few things in common. For starters, they identify and understand their strengths when pursuing a goal, says Amanda Potter, the lead researcher, founder, and managing director at Zircon Management Consulting, a business psychology company in England.

High achievers also tend to be motivated by a negative or positive life event, and they credit their success to having someone in their life who believed in them.

After conducting interviews with 42 high-achievers, including a range of CEOs, entrepreneurs, sports stars, and media personalities, Potter concluded that we all have a different combination of winning attributes—in other words, no two winners are exactly the same—however, all successful people have some or all of 10 specific attributes.

“For example, it may be your single-minded focus and determination or it might be your curiosity and willingness to disrupt the current situation that makes you successful,” she says. Read on as our two experts explain why the qualities that engender success and why they’re so key.

Burning Ambition

Successful people are driven to achieve their goals, but for the ultra-successful there’s an even bigger mandate, says Isaura Gonzalez, PsyD, a licensed clinical psychologist in New York City.

“Burning ambition takes into account the desire to hit your mark each and every time as well as an unrelenting desire to be the best of the best.” Say these mantras every day to reach your goals.

Dogged Determination

Being doggedly determined means that obstacles are not deal-breakers, but mere inconveniences that need to be overcome. “There is no hesitation, just action, when it comes to success,” Gonzalez says.

“Success comes when you have hit your mark, and determination is the road on which you travel to hit that mark.” Get ready to troubleshoot with this guide to handling tricky interpersonal situations.

Realistic Optimism

Optimism is important, but you can’t expect that the sun will shine 100 percent of the time. “It’s imperative to focus on maintaining positivity while acknowledging the realistic obstacles that can deter us from achieving our goals,” Gonzalez says.

“It’s not thinking that nothing will ever go wrong. Rather, it’s about thinking that we can achieve what we set out for ourselves even if there are setbacks.” Here’s what optimistic people do every day to see the glass half-full.

To continue reading, please go to the original article here:

https://www.rd.com/advice/work-career/attributes-of-super-successful-people/

8 Best Money Hacks From Millionaires That Will Awe You

8 Best Money Hacks From Millionaires That Will Awe You

Personal Finance - Millionaire Mob - April 9, 2018

The key to unlocking the potential millionaire in you is mastering the best money hacks from millionaires. Following a path that has led to a successful outcome is one way towards being successful. What money hacks do you use?

It all comes down to establishing a few money habits that have resulted in the accumulation of massive wealth. Thomas C, Corley on his research on hundreds of self-made millionaires emphasizes the money habits of millionaires and the subsequent results.

He wrote in “change your habits, change your life” that habits are the cause of wealth, poverty, good relationships, bad relationships, good health, bad health, happiness, or sadness. Learn more about the habits of millionaires and how billionaires become so rich.

Money hacking your way to financial freedom.

Here are our favorite money hacks from millionaires. Some of these may be money management tips or some are just plain common sense. You will be surprised at how many millionaires use simple concepts to achieve their personal finance goals. Let’s dig into some of the surprisingly best money hacks from millionaires that you can adapt to build your own or to maintain the millionaire lifestyle.

1. One Of The Most Important Money Hacks

Live Below Your Means, Spend Less Than You Earn

Majority of people adjust their spending habits to match their earnings. The moment they get a pay rise, they instantly begin to make lavish holiday bookings or they start looking for a bigger home, they itch to buy a stylish motorcade they have always admired. That is a grave financial attitude, to say the least. Living well is important but not at the expense of your future. Enjoy and save.

How about you save the raise. Invest the extra dollars in retirement or a brokerage account and the compounding effect will result in huge amounts of money coming back to you later.

A millionaire is not wasteful. Here are a few quick money hacks from millionaires:

Set long-term goals & have a vision.

Prioritize goals.

Distinguish between needs and wants.

Shop with a list.

If you are prone to surplus buying or you are a shopaholic, then here is the brutal reality: you are beckoning a financial disaster. Living within one’s means is easier said than done. Only a few can implement this simple cash hack.

How about you live below your means?

It is prudent to budget for whatever items that you need and avoid the unwanted expenses. Most wealthy individuals live a relatively frugal lifestyle or way below their means. This creates for them the extra cash to save and invest and thus making their bank accounts fatter.

Frugal living does not mean denying yourself the finest things in life.

So, what does it really mean?

It means having smarter money management plans.

To continue reading, please go to the original article here:

https://millionairemob.com/best-money-hacks/

8 Moves to Help You Retire Early

8 Moves to Help You Retire Early — Even If You Don’t Make Six Figures

By  Jen Smith  Staff Writer

For some of us, 30 minutes seems too long to wait (especially if it’s lunchtime). But if you’re thinking about retirement when you’re in your 30s, you could be looking at another 30 years.

That’s because at 59½, you can start withdrawing from your retirement accounts without penalty and at 62 you can start taking partial Social Security.

But those days can seem far off, especially if you’re in a job you don’t love and have too many cities unchecked on your travel bucket list.

If you’ve decided you don’t want to wait until your 60s to retire but don’t think you make enough to retire early, then keep reading.

Do You Need a Six-Figure Income to Retire Early?

TL;DR answer: No.

Long answer: The equation for early retirement isn’t just mathematical. If you can commit to learning some basic personal finance concepts, changing behaviors and putting a little extra work in now, you can retire early — even if you don’t make a lot of money.

But that doesn’t mean you can retire early on any lifestyle.

The average household pre-tax income is around $73,000 and the average American household spent around $60,000 in 2017, according to the Bureau of Labor Statistics.

That spending includes expenses you might not have in retirement, like pension contributions, but excludes income tax — which you still have to pay on most retirement account withdrawals — so it’s a reasonable amount to base retirement calculations on.

But if you want to live off of $60,000 for 40 years, you’d have to save almost $2 million before retirement. Which, if you have 20 years to save, would require you to contribute over $2,000 a month to retirement. Feasible for some, but not for all.

8 Steps to Take Now If You Want to Retire Early

If you want to retire before 66 but your income doesn’t allow you to invest thousands of dollars a month, we’ve got eight simple — though not necessarily easy — steps you can use as a starting point to set your retirement planning up for greater success and earlier achievement.

1. Write Down Your Goals For Retirement

Before you start, figure out when and how you want to retire.

Create a projected annual budget for your first year in retirement. Make educated guesses as to how much you’ll travel, whether you’ll have a mortgage, what your healthcare could cost, and what the cost of living in your dream retirement location might be.

Then look at your current budget, and adjust your expenses to determine how much money you’ll need to withdraw that first year. It won’t be 100% accurate, but it’ll give you a goal to shoot for in your savings.

Once you’ve decided what you need every month, you can plug that into a retirement calculator to see how much you need to save every year and for how long.

To continue reading, please go to the original article here: 

https://www.thepennyhoarder.com/retirement/how-to-retire-early/?aff_sub2=homepage

Manage Yourself / Manage Your Money

You Can’t Really Manage Money (or Anything Else) Until You Can Manage Yourself

Brave Saver On October 9, 2019 • By Elyssa Kirkham

“I need to cut back on everything,” I repeated under my breath.

It was mid-2017, and this phrase was becoming something of a litany for me.  I felt intensely overwhelmed and behind in every area of life — work, parenting, friends, marriage, household management.

Almost daily I muttered those words to myself, or declared them loudly to my husband. I did so with the conviction that I’d identified the core of my problem: I was doing and buying too much.

 “I’ll cut back on everything, I just need things to work.” It became almost a prayer to the productivity gods. It was my bargaining chip, my willingness to sacrifice many things to get what I was desperate for: a functional life.

Does Hard Work Really Solve All Problems?

If I cut back, I reasoned, I could free up time, money and mental space to tackle the ever-towering pile of tasks that always lay ahead.

In the crosshairs of my slash-and-burn approach was anything I didn’t view as a core responsibility, a necessity of life — whether it was how I spent time or money. I:

Canceled all of our entertainment subscriptions, determined not to waste any more time or money on mindless TV.

Stopped accepting invitations to hang out with friends, arrange a playdate, or see family on the weekend. I couldn’t afford to socialize when I was so far behind.

Didn’t make time to workout, to journal, to really even get enough sleep. There was simply too much to do.

One by one, I disallowed myself any form of idleness or self-indulgence — and then I waited. Waited for the clouds to part, the stress to lift, the ever-moving finish line of being caught up to arrive.

Facing The Deep Costs Of Cutting Back And Overwork

Instead, stress continued to pile up until I collapsed under its weight. It was like I had been running a marathon — while refusing to pace myself, to grab a drink of water, to adjust my approach if I hit a hill.

Of course I wore myself out. Of course I hit a wall of “No” from my body and my mind. It was a self-preservation measure I couldn’t push past (though I tried my damnedest).

The well of motivation, the panic that had fueled my frantic efforts to catch up, had run dry. I couldn’t seem to make myself care enough to work on, well, anything in a meaningful way.

I’d been too convinced of my approach to be flexible. Too rushed to feel I could afford to slow down and get my bearings.  Yet that’s exactly what I needed to do, and what the wall of “No” forced me to do.

As I ground to a halt, all the things that had been blurred by my hurried pace came into focus. I saw this overwork for what it was: my last-ditch effort at covering up my messiness and toxic shame.

Figure Out Self-Management, and you can figure out the rest

I was fixated on outward issues, like a budget, a schedule, a search for the perfect productivity hack. And I know I’m not alone in this. It’s easy to get stuck searching for an answer outside of yourself.

To become convinced that “Everything will get better if I can just….” Just follow the plan. Stick to a schedule. Just spend every second and dollar efficiently.

The truth is we’re not always equipped with the right skills, mental space, or will power for our financial efforts to be effective.

Sometimes the problem isn’t your money — it’s us. And we need to work on managing our ourselves, our behaviors, and our mental health before our finances can improve.

To continue reading, please go to the original article here:

https://bravesaver.com/2019/10/09/self-management-money-management/

11 Tips To Help With Finance Anxiety

11 Tips To Help With Finance Anxiety

Finances Not Helping Your Anxiety? 11 Tips to Help You Breathe Easier

By  Carson Kohler   Staff Writer Penny Hoarder

Honestly, who doesn’t have anxiety these days?

Even if you haven’t been officially diagnosed with an anxiety disorder (ahem, me), you probably still experience tinges of That Dreaded Feeling. That swelling of panic in your gut, that flush of hives across your chest, that looming paranoia you can’t quite place…

As a nation, our anxiety levels are rising. In 2018, the U.S. national anxiety score (yes, that’s a thing) was 51 out of 100 — a five-point jump since 2017 — according to the American Psychiatric Association. Among our top concerns? Health, safety and — you guessed it! — finances.

11 Simple Strategies to Help Calm Your Financial Anxieties

Sure, you might’ve broken the paycheck-to-paycheck cycle and no longer have to rely on ramen for dinner. But you still experience this sense of financial uneasiness, like you know you’re missing something.

Yes, some folks might call it irrational or unfounded. To you — and me — it’s totally real.

The good news? You can address these fears. (Much easier than addressing those fears of heights, roaches or commitment, in my humble opinion.)

Here’s how:

1. Use This Simple Trick Pay Your Bills on Time

One of my biggest financial anxieties? Forgetting to pay my bills. In my head, the world will end. The credit card company will dump my account over to collections, my power will flicker off and my apartment building will escort me out in handcuffs.

Yeah, totally irrational.

The easiest way to calm this fear? Set your accounts to auto-pay. If you’re anxious about overdrafting or don’t trust auto-pay (same), then add the due dates to your phone’s calendar, or jot them in your agenda. This help you remember when bills are due and help you plan ahead with your budget.

This is such a simple move, and you’ll no longer have to jolt up at 2 a.m. because you knew you’d been forgetting something.

2. Realize Saving Money Isn’t Difficult if You’re Realistic and Proactive

A cell phone displays the Digit app

The Digit app can link to your checking account and withdraw small amounts of money into your savings account. Aileen Perilla/ The Penny Hoarder

The key word here: Realistic.

I tend to — scratch that, always — set unrealistic expectations for myself. Oh, sure, no problem. I can save 50% of my paycheck this month! A week in, I’ve totally blown the plan to pieces. First I feel stressed out, because I have no idea how I’m going to get back on track. Then I give up.

Don’t. Do. This.

“Make sure these goals are as specific and actionable as possible,” says Leslie Tayne, financial debt resolution attorney and founder and managing director of Tayne Law Group.

She offers an example: “Simply setting a goal to save more will be difficult to stick to,” she says. “However, if you make your goal to save $100 from each paycheck, that is a much clearer and actionable step.”

If you need to, enlist some help.

Use an app like Digit. Simply link it to your checking account, set a savings goal, then its algorithms will determine small (and safe!) amounts of money to withdraw into a separate, FDIC-insured savings account.

Bonus: Penny Hoarders will get an extra $5 just for signing up! Additionally, savers will receive a 1.00% bonus every three months.

To continue reading, please go to the original article here:

https://www.thepennyhoarder.com/bank-accounts/financial-anxiety/?aff_sub2=homepage