Do THIS To Multiply Your Income | Dave Ramsey

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  Hi, my name is Lewis Howes, and welcome to The Daily Motivation Show.

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  I have a brand new book called Make Money Easy.

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  And if you're looking to create more financial freedom in your life,

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  you want abundance in your life, and you want to stop making money hard in your life,

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  but you want to make it easier, you want to make it flow,

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  you want to feel abundant, then make sure to go to Make Money Easy book.

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  dot com right now and get yourself a copy.

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  I really think this is going to help you transform your relationship with money this moment moving forward.

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  We have some big guests and content coming up.

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  Make sure you're following and stay tuned to this episode of The Daily Motivation Show.

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  Savings is short term.

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  Investing is long term.

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  You should have an emergency fund personally of three to six months of expenses,

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  the standard rainy day fund.

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  Past that, you need to save up and pay cash for whatever you're purchasing.

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  So if you've got a car purchase in your future,

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  and then past that, everything else would go to investing.

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  Because basically, one saving is for protection, the emergency fund,

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  and the other is for purchases to avoid debt.

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  Paying cash for my car, paying cash for my couch, paying cash for my trip.

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