Why More Americans Increased Emergency Savings
Be Wealthy & Smart
Linda P. Jones
4.8 • 883 Ratings
🗓️ 19 February 2025
⏱️ 6 minutes
🧾️ Download transcript
Summary
Discover why more Americans increased their emergency savings.
Are you investing well for financial freedom...or not?
Financial freedom is a combination of money, compounding and time (my McT Formula). How well you invest, makes a huge difference to your financial future and lifestyle.
If you only knew where to invest for the long-term, what a difference it would make, because the difference between investing $100k and earning 5 percent or 10 percent on your money over 30 years, is the difference between it growing to $432,194 or $1,744,940, an increase of over $1.3 million dollars.
Your compounding rate, and how well you invest, matters!
INTERESTED IN THE BE WEALTHY & SMART VIP EXPERIENCE?
- Invest in stock ETFs, private equity and digital assets for potential high compounding rates
- Asset allocation model with ticker symbols and % to invest
-Monthly LIVE investment updates with Linda, with Q & A
-Private VIP Facebook group with daily interaction
-Weekly investment commentary from Linda
-Optional 1-on-1 tech team support for digital assets
-Join, pay once, have lifetime access! NO recurring fees.
-US and foreign investors, no minimum $ amount to invest
For a limited time, enjoy a 50% savings on my private investing group, the Be Wealthy & Smart VIP Experience. Pay once and enjoy lifetime access without any additional cost. Enter "SAVE50" to save 50% here: http://tinyurl.com/InvestingVIP
Or have a complimentary conversation to answer your questions. Request a free appointment to talk with Linda here: https://tinyurl.com/TalkWithLinda (yes, you talk to Linda!).
WANT TO INVEST IN STOCKS PRE-IPO?
#Ad Accredited Investors invest in top-notch private companies (pre-IPO) with Linqto. First investment minimum is only $1k. Sign up to receive a $500 credit toward your investment, here: https://tinyurl.com/LindaLinqto
WANT HELP AVOIDING IRS AUDITS?
#Ad Stop worrying about IRS audits and get advance warning at Crypto Tax Audit, here.
PLEASE REVIEW THE PODCAST ON ITUNES
If you enjoyed this episode, please subscribe and leave a review. I love hearing from you! I so appreciate it!
SUBSCRIBE TO BE WEALTHY & SMART
Click Here to Subscribe Via iTunes
Click Here to Subscribe Via Stitcher on an Android Device
Click Here to Subscribe Via RSS Feed
PLEASE LEAVE A BOOK REVIEW FOR THE CRYPTO INVESTING BOOK
Get my book, "3 Steps to Quantum Wealth: The Wealth Heiress' Guide to Financial Freedom by Investing in Cryptocurrencies".
After you purchase the book, go here for your Crypto Book bonus: https://lindapjones.com/bookbonus
PLEASE LEAVE A BOOK REVIEW FOR WEALTH BOOK
Leave a book review on Amazon here.
Get my book, “You’re Already a Wealth Heiress, Now Think and Act Like One: 6 Practical Steps to Make It a Reality Now!”
Men love it too! After all, you are Wealth Heirs. :)
Available for purchase on Amazon.
International buyers (if you live outside of the US) get my book here.
WANT MORE FROM LINDA?
Check out her programs.
Join her on Instagram.
WEALTH LIBRARY OF PODCASTS
Listen to the full wealth library of podcasts from the beginning. Use the search bar in the upper right corner of the page to search topics.
SPECIAL DEALS
#Ad Protect yourself online with a Virtual Private Network (VPN). Get 3 MONTHS FREE when you sign up for a NORD VPN plan here.
#Ad To safely and securely store crypto, I recommend using a Tangem wallet. Get a 10% discount when you purchase here.
#Ad If you are looking to simplify your crypto tax reporting, use Koinly. It is highly recommended and so easy for tax reporting. You can save $20, click here.
Be Wealthy & Smart,™ is a personal finance show with self-made millionaire Linda P. Jones, America’s Wealth Mentor.™ Learn simple steps that make a big difference to your financial freedom.
(Some links are affiliate links. There is no additional cost to you.)
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Be Wealthy and Smart, episode 1470. |
| 0:03.5 | I'm going to live the rich life, full than best life, yes life. |
| 0:10.9 | See if you all know what I mean, put your hands up and declare with me, yeah, I'm full of bread. |
| 0:17.0 | I'm going to live a good life, beautiful and glorious life. Step into a world of |
| 0:24.6 | Step into a world of wealth and financial freedom without budgets, boredom or bosses on Be Wealthy and Smart. |
| 0:33.6 | And now, here's your host, Linda P. Jones. |
| 0:44.3 | Welcome to Be Wealthy and Smart. I'm Linda P. Jones, America's wealth mentor, empowering women and men worldwide to financial freedom. On today's show, we're going to talk about why more Americans have increased their emergency savings. |
| 0:51.3 | According to reports, this year, 30% of adults say they have more emergency savings |
| 0:56.9 | now than compared to a year ago. Even though inflation and high interest rates are still taking a |
| 1:02.2 | toll on consumers, more Americans were able to set aside money in an emergency fund, according to a |
| 1:07.8 | recent report. Now, more than half of Americans have said they have more |
| 1:12.2 | emergency savings than credit card debt, which is a great improvement from previous years. |
| 1:17.8 | Greg McBride, chief financial analyst at Bank Rate, said the number of households reporting |
| 1:22.8 | more savings than a year ago has been steadily increasing since we began measuring it in 2022, |
| 1:29.0 | and for the first time exceeds those reporting less savings than the prior year. |
| 1:33.4 | This is evidence that as the pace of inflation has slowed, it has enabled more Americans |
| 1:37.9 | to make progress in building or rebuilding their emergency savings. |
| 1:42.2 | Yeah, I think what happened was after the pandemic, soaring inflation |
| 1:45.7 | made it harder for people to make ends meet. And at the same time, the Federal Reserve was being |
| 1:51.0 | very aggressive, raising interest rates, which made it more expensive to borrow. So people really |
| 1:56.1 | started focusing on increasing their savings, which is a really positive thing. And now, although inflation |
| 2:02.1 | has eased a lot, it's still above the Federal Reserve's 2% average annual goal. Today, we'll get |
... |
Transcript will be available on the free plan in 5 days. Upgrade to see the full transcript now.
Disclaimer: The podcast and artwork embedded on this page are from Linda P. Jones, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Linda P. Jones and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.