Created
December 15, 2015 22:06
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| # How to Save/Safe your money | |
| ## (basic tips on financial planning) | |
| ### Background | |
| * Came from financial planning - sat down with a lot of different people | |
| * This is professional advice, clients made a lot of money | |
| ### Step One: 3-6 month hedge | |
| * Emergency Savings | |
| * Can be permanent insurance down the road | |
| ### Step Two: Saving into your 401k | |
| * Everybody should demand access to a 401k | |
| * Roth vs Traditional | |
| * Max out $1500 a month | |
| ### Step Three: Disability Insurance | |
| * Guarantee your income | |
| * Very difficult to get | |
| * More likely to need this than life insurance | |
| ### Step Four: Cash Value Life Insurance | |
| * Can turn life insurance into a savings tool | |
| * Total Insurance should be 10-20 times your income | |
| * Purchase from a mutual company | |
| ### Additinoal Thoughts | |
| * Have a planner if you are serious | |
| * Save early and often | |
| * Pay yourself first | |
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