21 Things You Need To Know About Money: Chapter 2: Save 20%, Give 10%, Spend the Rest.

Adam Olson's book, “21 Things You Need To Know About Money” chapter 2 provides financial advice for individuals seeking long-term financial freedom. This chapter emphasizes the importance of saving first by setting aside 20% of income, followed by giving 10% to charity. After these priorities are met, the remaining 70% can be used for spending on necessities and discretionary items. Adam encourage readers to visualize their dream retirement as a motivational tool for saving, and to carefully vet any charities before donating. This chapter also stresses the importance of having a strong work ethic to earn money, which is a crucial part of managing finances. Learn more about Adam Olson by visiting the following links: Facebook Personal Website Business Website -- Investing involves risk, including loss of principal.    Be sure to understand the benefits and limitations of your available options and consider all factors prior to making any financial decisions.  Any strategies discussed may not be suitable for everyone.  Securities and advisory services offered through Mutual of Omaha Investor Services, Inc. Member FINRA/SIPC.  Adam Olson, Representative.  Mutual of Omaha Investor Services is not affiliated with any entity listed herein.  This podcast is for educational purposes only and may include references to concepts that have legal and/or tax implications. Mutual of Omaha Investor Services and its representatives do not offer legal or tax advice. The information presented is subject to change without notice and is not intended as an offer or solicitation with respect to the purchase or sale of any security or insurance product. Mutual of Omaha Investor Services and its various affiliates do not endorse or adopt comments posted by third parties.  Comments posted by third parties are their own and may not be representative or indicative of other's opinions, views, and experiences.