The 7 best ways to build wealth starting today, according to financial planners - Business Insider

where your money could earn 2% interest — 200 times more than that .01%. These options are liquid, so they allow you to have your savings at your disposal, but growing while you don't need them. , it's all about getting people to see just how important their saving really is.

He sees people treating saving like a purchase instead of a habit, and that's where he says things start to go wrong. "They make the transfer that makes the 'purchase,' if you will, but they're not changing their habits and they're still spending outside," he says. "So now what happens," he continues,"is they get in about four or five months and they actually want to go on a trip and they say, 'well, instead of saving this month, we'll just go do this.' Then, the next month, it goes to replacing the refrigerator. The month after that, they make up some other excuse. And they never get back in the habit of doing it because they never changed their habits in the first place.

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