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Show#6 Millionaire or Bust – Compounding

July 14th, 2006 · podcasts

Topic of the Week
This week we talk about the magic of compounding.

Money Saving Tips
Money Saving Tip of the Week
Going to purchase something? Go to the website of the manufacturer of the item and the retailer you are going to shop at. Many companies have internet coupons or rebates that you can print up and use that will save you money.
Talli’s Tightwad Tip of the Week
Spending too much on entertainment? Go to the library. Most libraries have movies that you can borrow as well as cds. So instead of buying movies, cds and books you can borrow them from the library and only buy the ones you really love and have to have.

Money Making Tip
Invest on an ongoing basis, so that you can dollar cost average. What should you invest in? For that I recommend you consult with a financial advisor. The big key is that you invest continually and automatically so that you budget your investments into your budget.

Tool of the Week
Millionaire Calculator
Financial Psychology
Keep letting your means outpace your lifestyle. Bank/Invest your raises. This way you can increase your investing as you increase your wages.

Please tune in to Talli’s other podcast Being Healthy with Talli. It’s a great short podcast dedicated to teaching you how to improve and maintain your health.

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