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My Review: SAVVI Financial

Posted by Flanice Lewis on Jul 15th, 2019 · 0 Comment

I had the opportunity to try out SAVVI Financial. At first glance, it seems like another budgeting tool or net worth tracker. It is neither of those. In fact, I was shocked at the final outcome. Here’s my review. About SAVVI Financial SAVVI is a financial planning tool launched in 2018 that uses an algorithm to determine steps you can take to improve your financial health. It gives you a scientific...
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Here are some simple guidelines that will help you build wealth:

1) Do the math. Get a budget and calculate your net worth

2) Get an emergency fund. Save at least 6 months worth of expenses

3) Limit costs. Spend no more than 30% of your income on housing

4) Max your retirement. Maximize contributions to your tax-deferred retirement accounts

5) Pay yourself first. Set aside money for yourself before you take care of your other bills

6) Set goals. Goal let you get ahead faster

7) Avoid high interest debt. Avoid credit cards, title loans and other usurious loans

8) Diversify. Diversity your assets.

My Review: SAVVI Financial

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Critical Financials’ Basic Personal Finance Rules