The Best Money Advice Any Finance Guru Will Tell You
Finance can be a tricky thing to navigate that's why we often rely on the advice of experts Here are some of the best pieces of money advice from finance gurus who have made their fortunes Whether you're running your own business or not paying yourself first is critical to your financial well-being This means generating savings by putting money into a tax-free savings account or TFSA By putting money into a TFSA not only will those savings be tax-free but you'll be paying yourself without even realizing it Automate Your Savings After you've created your tax-free savings account you should set up an automated deposit This can be done every time you get paid and because it's automated you don't have to think about it By not thinking about it there's less chance of you reneging on your savings contributions https youtu be BsaAQvJF io feature shared Conquer Your Debt Before You Save If you've racked up significant debt whether that's credit card debt student loans or any other form of debt you should always pay your debts before you start saving money Not only do certain forms of debt accrue interest therefore costing you more they follow you around for as long as they exist Pay off your debts as quickly as you can to free up that money for savings Most financial institutions will offer one form or another of a high-interest savings account These can be great to build your savings over a short period of...
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