THE THREE TIER SAVINGS PLAN
from FINANCIAL NINJA (The Brush Financial Show) Hosted by Stacey Porter
In this Episode, I introduce my listeners a Savings Plan that I developed called the “3-Tier Savings Plan”. It’s a plan developed for people who find it challenging to save money. Like a diet plan, a long-term savings plan would not work if not accompanied by a life style change. Like a crash diet, anyone could save a lot of money in a short period of time, but would lose it all if the plan is not accompanied by a life style change. I don’t recommend drastic changes in your lifestyle, but I recommend my listeners to start off small in their savings plan. The ultimate goal is 15% or more but, I recommend my listeners to start off at an amount of 3% and gradually work their way up annually or as their income earning situation changes. Changes in life style will naturally happen thru time.
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