4 savings tips from a CFP who works with millionaires - Business Insider

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'As a rookie in the investment world (only putting cash into a handful of stocks) I was curious to know where those with million-dollar portfolios are putting their money when they invest'

Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective.

She also advised choosing smart investments — such as ETFs — and maxing out your retirement accounts to build long-term wealth. I wanted to know what these tricks were. What kind of knowledge did they have or did they have access to with their financial advisers that most people don't? That's what led me to

This advice helped me look at my life like a small business. I set up a spreadsheet that tracked how much money I was bringing in every month and how much was going out, which allowed me to manage my savings goals a little more accurately. Hearing her say that she advises wealthy clients to save early and often made me think that finding a budget I can stick to will help me achieve savings goals that can then propel me forward into a stronger financial future.

in our household. We wondered if rich people have insurance or if they just save up their cash and wait for something to happen and pay out of pocket.

 

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I might have missed it, but I didn't see, 'Eat the working class,' anywhere in the article.

Financial planners are just sales people who want you to invest your money in a certain plan or account. You should really just get a book on investing.

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