Hi, my name is Lewis Howes and welcome to the Daily Motivation Show.

I have a brand new book called Make Money Easy.

And if you're looking to create more financial freedom in your life, you want abundance in

your life and you want to stop making money hard in your life, but you want to make

it easier. You want to make it flow. You want to feel abundant. Then make sure to go to make

moneyeasybook.com right now and get yourself a copy. I really think this is going to help you

transform your relationship with money this moment moving forward.

We have some big guests and content coming up.

Make sure you're following and stay tuned to this episode of The Daily Motivation Show.

Savings is short-term, investing is long-term.

You should have an emergency fund personally of three to six

months of expenses, the standard rainy day fund. Past that, you need to save up and pay cash for

whatever you're purchasing. So you've got a car purchase in your future. And then past that,

everything else would go to investing. Because basically, one saving is for protection,

the emergency fund, and the others for purchases to avoid debt.

Paying cash for my car, paying cash for my couch, paying cash for my trip.

And then long-term saving items, obviously retirement, kids college, general wealth building.

Then I get into, at our level, we get so much over in the investing pile.

A lot of it is not for 30 years from now.

A lot of it is for six years from now. And so I'll throw money over into a mutual fund until I use

it to buy a piece of real estate. Number one, never invest in something you don't understand.

Number two, you should always have an array of investments, a diversification. So don't have all

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