Best Way to Save Money & Accumulate Wealth

We’ll preface that we are not a financial advisor, and the information below is not financial advice but methods that have proven to yield results from personal experience.

1. Opening a Savings Account

As it is accustomed that everyone has a checking account, a straightforward way to save over time is through a savings account. In the past Saving accounts used to accrue higher interests than a checking account.

They still do; however, we are talking pennies to the thousands of dollars in today’s climate. We primarily use our savings account to store cash on hand and transfer it into my interest account whenever needed.

This is an excellent practice to receive slightly more interest and a safety precaution to split funds into different accounts. I have heard of colleagues who have been hacked or have dealt with fraudulent activities, usually with their checking accounts.

I could only assume it is because the checking account is used more often. Be sure to look into whatever bank you have a checking account with to see their options with opening a savings account.

2. Dollar Cost Averaging in the Stock Market and Crypto

Another way to help accumulate wealth with savings month over month is to set up monthly purchases into the stock market. This is also known as dollar-cost averaging.

I do this every month with ETF’s (Electronic Traded Funds) like $VOO and $VTI. $VOO tracks the S&P500, the top 500 performing companies traded on the stock market.

The S&P500 has been statistically proven to outperform market analysts.  $VTI tracks the whole market consisting of 4,109 companies.

We do something similar with Cryptocurrencies. The two leading cryptos We hold are Bitcoin and Ethereum, which We have set up in BlockFi to give monthly APY’s.

If you use this link and fund your account with $100.00 (or more), you will receive an extra $10.00 free from BlockFi. Please do your research on this front, as Crypto is known to be speculative and volatile.

If you’re not an expert in money matters, choosing a financial advisor to manage your money life can be a tough decision. It’s almost impossible to know every economic arena well because they can be specialized.

Estate planning is utterly different from picking suitable investments, for example. Managing a portfolio is different from crafting a monthly budget.

Finding the right financial advisor can take a lot of weight off your shoulders, but giving someone access to one of the most sensitive parts of your life can be emotionally challenging.

As you hunt for a financial advisor, you’re hiring an expert to work for you. It’s a job interview, so it’s essential to pay close attention to all the answers the advisor gives. And watch out for the “advisor” that a financial company provides to you for free.

These advisors are usually riddled with conflicts of interest – they’re more salespeople than advisors. That’s why you must have an advisor who works only in your best interest.


Finding an asset management is not as simple as going with the person a fund company or insurance broker assigns you. You need to actively search out someone who’s going to work in your best interest, and that takes some time.

But in the end you’re probably going to get better advice, save money and earn more while achieving your financial goals. That’s worth the extra legwork in helping you find an advisor that you can work with for decades.