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How Much You Should Be Saving – Episode 255

Saving saves families. Kim and Spencer talk about how much you should be saving and the best places to put that money. They also share personal stories about how savings has helped made a difference in their lives.

Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.

 

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Show Notes

  • 1:36 – Why it’s horrific to put money into an IRA and avoid savings
  • 2:50 – The “forced savings account” Kim likes to use
  • 4:00 – Understanding the emergency opportunity fund
  • 7:19 – How cash value life insurance can be a storage place for money
  • 10:14 – Story about a business Spencer was able to buy because of his savings
  • 12:55 – Breaking down returns using truth concepts calculations
  • 15:26 – Start saving with what you can

 

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