Hot take, but if everyone actually understood the impact that compound interest could have

in their future, I'd probably be out of a job.

So today, I'm going to start there, and I'm going to answer the top five questions I get

about saving and investing so that you can finally overcome a paycheck-to-paycheck

to paycheck cycle and start building wealth. So be sure to like, subscribe, and share this episode

with a friend. All right, the first question I get a lot is how much should I be saving?

So this is one that depending on where you are financially is going to be different.

So if you're just starting out, getting a $1,000 emergency fund is your first goal.

Now, if you have that, then you're going to work your way out of debt.

Then when you're out of debt, then you're going to bump up that savings to three to six

months of expenses.

So that is one big check of saying, okay, my emergency fund, which is a big part of your savings, is done. Now that number is going to differ depending on, again, how much your expenses are. But that is a big goal. And once you get there, you guys, like there is a level of peace that happens when you have no debt and you have tons of money saved. It is a great thing. Now, again, that's just an emergency fund. There's other savings that you can do, but that's where we'll start. Number two, where should I keep my savings? So if you do have that emergency funds for a lot of people, I mean, it could be, you know, tens of thousands of dollars. So what I would say is to keep in a high-yield savings accounts or a money market account. But you want it to be at a place that you can get too easily. That's really important. And you want to be able to have it where you're not going to just spend it. So if it sits in your checking account, more than likely you're going to spend some of that. So putting it aside in a different account that's labeled just for an emergency fund, then a high-yield savings account is great because, again, you don't want to invest it because you want to get to it quick, but a high-yield savings account is going to give you a little bit better rate of return than if it's sitting in a traditional savings account or a checking account. And the best place that I have found to put my savings is in my Fair Winds Smart Checking and Savings bundle.

Fairwind is 100% on your side when it comes to handling money, the Ramsey Way.

And their smart checking is a simple and straightforward plan that keeps you on track.

And their smart savings celebrates good habits, so it's easy to stay motivated.

And don't get me started on the Be Weird debit card.

I love it so much.

It says, dead as normal, be weird.

You know, and every time you see it,

you're thinking, I'm doing money differently.

Now, having baking tools that align with your values really matters,

and so go to fairwinds.org

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