The Wealth-Building Skills You Wish You’d Learned Earlier

Doubling Savings

Rachel Cruze shares practical strategies to double your savings, emphasizing the importance of passive income and cutting unnecessary expenses. She suggests using apps like Rapify to earn extra cash by advertising on your car and recommends avoiding dining out for a month to save hundreds of dollars 1. Rachel also advises canceling unused subscriptions and selling unwanted gift cards to boost savings 1.

Attempting to double your current progress, whatever it is, will be so rewarding.

--- Rachel Cruze

By setting up a sinking fund for desired purchases, you can save consistently and reach your financial goals 2.

   

Smart Saving Habits

Building smart saving habits can significantly impact your financial stability. Rachel suggests opting for staycations instead of vacations to quickly build an emergency fund 3. Selling unused items and taking advantage of employer retirement fund matches are also effective strategies 3.

Saving for the future, for whatever reason, whether it's an emergency fund or maybe you're putting money to get out of debt or saving up for a large purchase, having savings is so key.

--- Rachel Cruze

She also encourages DIY solutions and skill exchanges to save money on everyday tasks and recommends regularly checking insurance rates for potential savings 4.