The surprises in the U.S. stock market as unprecedented mergers and failures on Wall Street made headline news. This has drawn even more attention to the need to save your money – and to preserve it – in these uncertain times. As the saying goes, “A penny saved is a penny earned,” and it’s never been truer than it is right now.
There’s no better time than the present to get started with your automatic savings plan. Not only will you be building up a cushion to help get you through any hard times, you’ll have cash ready to invest when the time is right.
In this short, to-the-point interview, Jordan refreshes us on how to make saving – and gradually building your fortune – as easy as 1-2-3:
- The best way to save at least a small amount every month
- The miracle of compound interest and how it does and DOES NOT work
- The truth about “Dollar Cost Averaging” and how to use it to your advantage
More on… Jordan E. Goodman, Rich Life Club's faculty Expert on Wealth & Money, is "America's Money Answers Man" and has been a nationally-recognized expert on personal finance for over 20 years. He is a regular guest on numerous radio and television call-in shows across the country, best-selling author and former Money magazine Wall Street correspondent. His books, Fast Profits in Hard Times, Master Your Money Type, and Everyone's Money Book, empower you with the financial knowledge you need to prosper in today's world.
Don’t miss the chance to ask Jordan your personal finance questions and have them answered in an upcoming interview. Go to Ask Jordan where you can submit your questions or comments in the box on the right.