Yes, it's true, there is a fee free bank! Sound the trumpets! Find out how to get rid of bank fees for good plus, an update on the stock correction, another sneak peek behind the scenes of That Badass Money Handbook and more!
How’s your week going? I’m exhausted! I can’t seem to catch up on sleep… Between sick kids, basketball games, and birthday parties, it’s been busy!
I managed to finish a great book by author Chad Gordon called Wealth by Virtue. I’ll be sharing an in depth interview with him on the blog Thursday.
I’ve also got a guest post coming from Personal Income tomorrow on crypto currencies to give you their opinion on them.
But first… as you know, I want to teach you how to be a Money Badass and to do that… you have to stop paying bank fees!
HOW TO GET RID OF BANK FEES FOR GOOD
Bank fees suck… It’s like the bank is kicking you while you already down. That’s not cool.
I’ve got a brand new blog post out on the site all about bank fee’s. I don’t know if you’re already aware, but there is a new type of bank that is totally fee free! That is truly badass!
Krista and I made the switch last year and love it! (Spoiler alert: the bank is SIMPLE)
Read about how bad bank fees have become and how you can never pay them again in my new post:
STOCKS ARE BEGINNING TO CALM DOWN
Stocks are calming down and actually moving a bit upward again. We definitely went through a much needed correction with over a 10% drop.
The economy is still roaring and the stock market is not nearly as overpriced now as it was.
I’m expecting it to begin moving upward with some possible jitters over the next week unless some unseen event happens…
It definitely was not the world ending drop the media seemed to make it out to be thankfully.
I’m still not back to where I was at the peak but it’s getting closer…
THAT BADASS MONEY HANDBOOK
I’m working hard to get these Badass Handbooks out to you!
I’m currently writing the Saving Money section which is all about building your wealth. There is no need to wait, I’ll teach you in this section how to start building your wealth this week!
Here’s another sneak peak of this section in Canva:
Still hustling to get this done by the end of the month and it looks like I’m gonna make it! Can’t wait to share the whole pack with you.
I’ve got a brand new question on how much you should be saving each month. Hopefully if you’re not saving at all or saving just a little this will get you moving towards increasing it.
Saving money is the first step to financial freedom and if you’re going to be a Money Badass you need to be saving!
QUESTION: How much money should I be saving every month?
ANSWER: This is one of those ‘it depends’ type questions, but if you are a millennial as most of my readers are, then I would highly suggest saving 20% of your income per month.
Yeah, you could save less, but it will really affect your ability to grow your money over the years and result in significantly less money for your down the road.
Here’s a break down of where you should be putting your money:
- 10% in your 401k
- 5% in a Roth IRA
- 5% in a Personal Savings or Investing Account with easy access if needed.
See you next week!
Dave | Creator of Let’s Automate Your Money