Our question of the month comes from Chad from Ohio:

Hello Andy,

I know I’m supposed to save, but I just don’t.

I read your blog and hear you talk about saving and it sounds natural for you. I’m not sure I’ve been blessed with the saver’s gene.

Do you have any advice for me to get motivated?

Thanks!

Chad

Thanks for writing in Chad!

I totally get where you're coming from. Saving, budgeting, investing  … they can be super boring.

I talk to my wife about these topics all the time and I just put her to sleep. In order for me to talk to her about these topics, she requires that I give her a back massage while doing it so she’s at least getting something out of it.

But you didn’t come here to hear my marital bedroom talk … you asked for motivation. And Chad, I’m going to give it ya brother!

Not only am I going to tell you what I think, but I asked 9 of my good buddies from FinCon to join me in answering your question as well. These are personal finance experts, millionaires and money geeks that talk to people all around the country about growing their wealth.

I asked my friends three questions:

1. Why do they save?
2. If they were given $100,000 right now, no strings attached, how would they use it to build their wealth?
3. If they were given $1,000,000 right now but had to give it away, what would they do with that 7-figure sum?

The 10 of us (including my forthcoming answers) don’t know your specific financial situation, but I’m hoping you’ll find a nugget or two in here that gets you jacked up. Because that’s only way you’ll save … with a compelling reason.

Super Saver Crew

1. Jillian from Montana Money Adventures
2. Garrett Philbin from Beyond the Dollar
3. Nick True from Mapped Out Money
4. Zina Kumok from Conscious Coins
5. Chris Mamula from Can I Retire Yet?
6. Joe Saul-Sehy from Stacking Benjamins
7. Nick Elkins from Teach My Kids Money
8. Peter McPherson from Do You Even Blog?
9. Marcus Garrett from Paychecks & Balances

FinTech Spotlight

Check out Ally to learn more about their high yield savings accounts.

Our Featured Guest:  Anand Talwar

Anand Talwar was appointed Ally’s deposits & consumer strategy executive in June 2017. In this role, he is responsible for leading Ally’s retail deposits and consumer payments business, including product management, pricing profitability, and operations.  In addition, he leads analytics, innovation, and strategy across Ally’s consumer products.

Before joining Ally, Talwar worked in the finance organization at Bank of America supporting technology, the corporate investment bank, and digital banking, among others, during his tenure.

Anand holds a B.S. in Business Administration with a concentration in Finance from Boston College’s Carroll School of Management.

Carpe Diem Quote

“Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver.” —Ayn Rand