Noelle RussellChief Executive Officer, AI Leadership Institute · 5x Microsoft Trustworthy AI MVP | 3.4+ million students | #1 Thought Leader in Agentic AI | AI-Powered Revenue Growth + Cost Optimization Expert ✨Best-Selling Author: Scaling Responsible AI | TEDx Sp

Smart Financial Strategy: Save and Invest with Discipline

2 Oct 2024 · 1 min

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A mentor taught the speaker to open savings accounts with withdrawal delays to block impulsive spending, then move accumulated funds into investments once they hit a target. He mentions Grant Cardone's investment account for people who don't qualify as accredited investors.

Chapters

One thing he said, he gave me two pieces of advice. One, he said, set up separate accounts that you put this money into that's super hard to get money out of. And I've been grateful for that multiple times because his salespeople are ruthless. And they will come and ask me to buy things. I'm like, I don't need to buy anything. But he said, put it away so it takes like multiple days to get your money out. And you put your $50 in this account, $50 here, $20 here, $100, $100,000, whatever it is, you put in that account. And then you wait till it builds up to a point where you can invest it. Grant Cardone created an investment account for what's called unaccredited investors.