On today's Equifax Finance blog, New York Time's best selling author Dan Solin has a simple, smart and sustainable strategy for you to save money. Whether you're looking for a better strategy to balance your finances or you're preparing for retirement, his tips are invaluable.
He is the author of the New York Times best sellers The Smartest Investment Book You’ll Ever Read(Perigee Books, 2006) and The Smartest 401(k) Book You’ll Ever Read (Perigee Books, 2008). His latest book is The Smartest Retirement Book You’ll Ever Read. Solin has appeared on The O’Reilly Factor, MSNBC’s Weekend Economic Review, CNN’s Money, Fox & Friends, The Early Show and Bloomberg Television, and is a frequent speaker on investment-related topics. He has testified before a congressional subcommittee investigating the fairness of the mandatory arbitration system imposed by the securities industry on all investors.
With today's post, Solin explains one of the most basic principles for saving money: pay yourself first. Starting with a modest percentage of your income, you can raise it as you near your goals or make more money. There are a host of advantages to this approach from employee incentives to plain good habit making. For tools to do this and instances that this may not be the best strategy for you, read the full post.
Ilyce Glink is the author of several books, including 100 Questions Every First-Time Home Buyer Should Ask and Buy, Close, Move In!. She blogs about money and real estate at ThinkGlink.com, The Equifax Personal Finance Blogand CBS Moneywatch She is Chief Content Strategist at RealtyJoin.com, a community for real estate investors.