bank on yourself - four tips to start saving more money now

Four Tips to Start Saving More Money NowBy Pamela Yellen

Author of Bank on Yourself: The Life-Changing Secret to Protecting Your Financial Future (Vanguard Books)

Be forewarned. This isn't the same old advice you've heard many times before.

If the conventional ways of saving and investing were

really working, wouldn't we already have financial

security?

Saving Tip #1: Know the Difference

between "Saving" and "Investing"

Don't put money you can't afford to lose into stocks, real

estate or other traditional investments.

Before investing, ask yourself

if your money didn't grow for 20 or more years,

or even went backwards, could you live with that?

Saving Tip #2: You Don't have to Pay Down Debt before

Increasing Your Savings

Often people think they must pay down their credit card balances and other debt,

before they can increase the amount they save. But that's

not necessarily true.

Saving Tip #3: Look Beyond the Traditional Saving and Investing

Methods

A dividend-paying whole life policy grows by a

guaranteed and pre-set amount every year.

Saving Tip #4: Saving Doesn't Have to Mean

Sacrificing

When you save up money in the kind of specially

designed dividend-paying whole life policy, you can borrow your equity in the policy and use it to make needed major purchases.

Author BioFinancial security expert, Pamela Yellen, is author of the best-selling book, Bank On Yourself: The Life-Changing Secret to Growing and Protecting Your Financial Future. For more information, visit: www.BankOnYourself.com and to take the $100,000 Challenge, visit: www.BankOnYourself.com/challenge.

© 2010 Pamela Yellen, author of Bank on Yourself: The Life-Changing Secret to Protecting Your Financial Future

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