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86: The Elements of a Realistic and Effective Six-Figure Savings Plan | Save Six Figures Pt. 1

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How would it feel to have six figures in cash saved up in your business or personal accounts… or both? Investments are really important, but having cash at your fingertips is a totally different level of financial freedom. This is part 1 of a four-part series about saving up six figures in cash, and in this episode I’m sharing the components of a strong savings plan, asking yourself the single most important question about your money, and what causes a breakdown in savings plans.

My Money Momentum program kicks off on Tuesday, November 14th! Sign up for the waitlist and get an invitation to my free masterclass - Three Tools You Need to Save $100K - on November 3rd. BONUS: If you attend the masterclass and enroll in Money Momentum by Monday, November 6th, you’ll get a personalized, private cash flow audit and plan from me!

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Links mentioned:

In this episode, you'll learn:

  • 0:00 Free Masterclass on 11/3: Three Tools You Need to Save $100K

  • 5:53 What it means to build momentum

  • 8:06 The elements of a strong savings plan

  • 13:33 What is your money for? Creating your financial priorities

  • 17:20 Where savings plans tend to break down

Click here to listen to this week's episode!

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I’m Sarah Young - an entrepreneur, investor, and millionaire mentor for female founders! I have over a decade of experience in helping entrepreneurs scale their businesses and build wealth at the 6- and 7-figure levels, in addition to building my own successful agency, and I started the Profit + Prosper podcast to help you do the same.

Profit + Prosper will help you make more money, save more money, and set yourself up to retire early while upgrading your life - all in a way that’s fun and empowering. In each episode, I’ll share tactical, strategic, and mindset tips to grow your business, increase your profit, and truly prosper in your business and in life. I hope you’ll subscribe so we can Profit + Prosper together!

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