GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you’re free to read more about oureditorial guidelinesand our products and servicesreview methodology.
His experiences have inspired him to make financial education more accessible to everyone, including you.
Great, you think, but who has the time or inclination to start a world-renowned business?
You dont have to.
Hes got easy-to-follow tips that can help you get started.
They can be powerful tools to organize and grow your money.
Youve got to have more than one.
I keep three bank accounts.
One is for my spending money.
One for my investing money.
And one for my savings, Singh says.
you might start with thisdivide and conquer approachby first tracking your income.
Once you know what you have, youll be better equipped to allocate it into separate accounts.
Automation brings peace of mind no more worrying about accidentally dipping into yourinvesting funds.
Automation frees your mind to focus on other priorities.
Automating also helps you avoid temptation and stay on track with your savings and investing goals.
Plus, money left in checking isnt earning interest, meaning its losing growth potential.
Dont risk overspending or missing out on potential gains.
Automate those transfers and focus more on building wealth with smart investment and savings strategies.
Singh is well-known for his 75-15-10 plan, which helps allocate every dollar you earn.
In percentages, that breaks down as:
This plan works no matter your income level.
Whether youre amillionaireor just making ends meet, it provides a clear, adaptable roadmap for budgeting and wealth-building.
More From GOBankingRates
Share This Article:
