Money Finance Wealth Podcast By Tayeb Ayat , Chief Financial Advisor and Founder of Fenul Wealth Management first steps toward earning money, managing your finances, building your wealth and become millionaire or even billionaire we can help you in your financial life contact us for free at 888-336-8586, to discuss your situation. check out our website at CAfinacialAdvisor.com or (www.fenulwealthmanagement.com) You can also start your free financial planning session with me at FinancialPlannerCalifornia.com, Just answer few question about your financial life there, and we will contact you soon to review your financial profile and gives you comprehensive look at your financial plan. In financial plan you know where you are today where you want to go tomorrow and how you can get there. need to figure out your values and prioritize them. The next thing create a financial and emotional balance sheet. How to save more; first trick is prioritizing your goals and separating needs from wants the second trick of course is to automate your savings the third tip is to use windfalls to your advantage, the fourth tip is known as the 72-hour test. a fifth tip is known as the spending cleanse. beyond saving it's important to invest however it's incredibly difficult to create a truly one-size-fits-all investing plan for Everybody. so I laid out a few things that everyone should strive for when making investment decisions and the first thing to strive for is to just invest as much as you reasonably can. when it comes to achieving financial independence the most important number isn't the rate of return on your investments. it isn't the amount of money you make in a year it's the percentage of your income that you save in a year. the second thing that I always advise that you should try to keep your costs as low as possible on all aspects of your life. Know your affordability and enjoy your life but do not enjoy beyond your affordability. the third thing that I advise my clients is to be well diversified in all of your assets from house, car, collectibles, and specially your investments such as stocks, bond, crypto currency, ets, mutual funds, index funds and s on. One of the main task that I always tackle as pat of wealth management is to diversify my clients assets and you should do the same, never put all or major portions of money in one type of investment. The type of investment and their allocation size reasonably well depend on your goals and risk tolerance. If you have no risk tolerance you can research to put your money into life insurance saving plans and fixed indexed annuities, treasuries, or government bonds. I can help anyone to invest in these guaranteed ot semi-guaranteed with no cost or some of them with bonus. If you have you higher risk. Tolerance, you may invest in stocks, equity indexes and mutual funds. The good thing is that there are plenty of choices. I recommend either you yourself heavily investigate your various options or let professionals like me help you through all of your options based on your current investment , risk profile, short, and long term goals. you may want to invest your money in comparatively low costs options with generally solid returns with solid diversification that designed to perform in a way to meet your financial goals. the final thing that I always recommend, when it comes to investing, is to consider paying off your debt. after all it's the only investment that has a truly guaranteed payoff and high interest debts like credit cards often carry interest rates far higher than what you could reasonably expect to earn investing in other vehicles. there's also the added benefit of being able to invest more of your income each month once your debts are paid off that can have a pretty substantial effect on how quickly you grow net worth or wealth over time and as we just saw with the impact of sa