Get Fit for Summer 2019… Financially Fit

Top 7 financial fitness principles that over time, can produce incredible results.

For many people, producing enough money to be able to continuously live the life of our choosing is often an elusive, difficult mystery. While prescriptions and financial advice are as prevalent and varied as diet plans for one’s physical health, true financial fitness seems to be as rare in today’s social media-driven culture as less than 12 percent body fat. But it doesn’t have to be that way.

The principles of being financially fit are available to everyone. Just as with diets for physical health and fitness, where fanaticism and extremism are harmful, such is the case with financial fitness. The only worthwhile advice is to acquire more knowledge of basic principles and apply those principles to your financial situation. It’s important to understand how to plan, hedge, and win, and with a basic understanding of these three areas, anyone can learn to prosper, conserve, and multiply their wealth.

Here are the top 7 tips for financial fitness in 2019:

  1. Live within your means. Always. No exceptions. Create and follow a cash budget that you gives you (and your spouse) a small allowance for discretionary spending each month.

  2. Get rid of debt. Now. You will not be able to build wealth if you’re overpaying in interest and fees. Contact one of our expert Certified Debt Advisors is you’re having trouble in this area.

  3. Use the roll-down method to pay off all credit card debts and then apply it to all other debts.

  4. Consistently budget and save for unexpected expenses like flat tires, auto repairs, home repairs, etc. 40% of Americans can't cover a $400 emergency expense, so plan ahead and expect stuff to come up.

  5. Make financial decisions based on a long-term vision and adopt the habit of delayed gratification. Use the compounding nature of money to constructively achieve your dreams.

  6. Create a passive income stream on your part-time hours. Start with small goals and gradually increase your passive income to the point that most of your income is passive, eventually living off your passive income.

18 views0 comments


Save Source, LLC., 3 Whatney, Irvine, CA, 92618

© 2019 Save Source, LLC. | All Rights Reserved.

  • Facebook Social Icon
  • Instagram Social Icon
  • Google+ Social Icon
  • Twitter Social Icon
BBB A+ 1.png

Save Source LLC is a debt settlement company that operates in some but not all states in the United States, Save Source LLC does not accept any clients who do not meet with a consultant for an in-person consultation. If you reside in a state where we do not accept clients in, we may be able to refer you to another company for assistance. 

Save Source LLC negotiates unsecured debts on behalf of its clients and does not assume any of its clients’ debts, make any monthly payments to creditors on our clients’ behalf, or give clients tax, bankruptcy, accounting, or legal advice. We do not provide credit repair services. Please contact a tax professional to discuss potential tax consequences associated with settling debts for less than the full balance. Please read and understand all of Save Source LLC's Program requirements and Save Source LLC's service agreement before enrolling into Save Source LLC's Program.

Save Source LLC is not a debt relief agency pursuant to the Bankruptcy Abuse Protection and Consumer Protection Act of 2005, 11 U.S.C. 101, et. seq., and does not provide bankruptcy assistance to consumers. 

The use of debt settlement services will likely adversely affect your creditworthiness, may result in the balances of your enrolled debts increasing due to the accrual of legal fees and interest on your accounts and you being subject to collections actions or lawsuits brought by your creditors. The settlements we negotiate on behalf of our clients resolve the entire account, including all accrued interest and fees. We cannot guarantee that we will resolve your debts and results will vary based on your individual circumstances.