Are you struggling with budgeting and keeping money in your savings account? On this episode of the BYLU Campaign podcast, Daniel and Nathan discuss The Art of Saving the February article, where Nate examines his savings habits. Tune in as we discuss the three different types of savers: The Checking Account #2 Saver, The Short Term Saver, and The Wealth Building Saver. As well as transitioning from college to adulting, the importance of paying yourself first, and how Nathan uses his Indexed Universal Life Insurance policy as a savings account.

The BYLU Takeaways:

• Saving initially requires sacrifice.
• Save so you can take advantage of economic downturn/bear markets.
• Economic downturns expose unskilled investors and reward savvy ones.
• Make the sacrifices you wish your parents made to create the life for your children you wish you had. 

Time Stamped Topics:

• [3:50] - Adulting: Transitioning from College to Corporate America  
• [14:11] - Checking Account #2 - Never Saving
• [16:50] - Short-Term Saver - Saving to Spend
• [22:10] - Stay Ready, Be Prepared  
• [29:32] - Life Insurance
• [45:50] - Uninterrupted Compound Interest Saver - Saving to Build Wealth