7 Strategies to Accelerate Wealth Building from Paychecks, as Suggested by Jaspreet Singh
Written by Emily J. Thompson, Senior Investment Analyst
Source: Yahoo Finance
Updated: Aug 20 20250mins
Paycheck Spending Breakdown: A Talker Research survey indicates that Americans allocate 64% of their paycheck to basic needs and only 16% to wants, leaving little for savings or investments.
Mortgage Payment Strategy: Personal finance expert Jaspreet Singh recommends making bi-weekly mortgage payments to reduce interest and pay off debt faster, potentially saving significant amounts over time.
Automating Finances: Singh advises separating finances into spending, saving, and investment accounts, and suggests a 75-15-10 allocation plan for expenses, investments, and savings respectively.
Investing in Knowledge: Singh emphasizes the importance of investing in personal education through books and courses, and encourages using credit cards wisely to earn rewards that can be directed towards investments.
About the author
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Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
