Three Smart Money Moves from a 25-Year Finance Veteran

Financial expert SteveSaxton, a loan originator with 25 years of experience, recently shared three key financial tips on social media that have resonated with many. His first tip emphasizes using credit cards for daily transactions instead of debit cards as a fraud prevention measure. "Always put everything onto a credit card," Saxton advises. This, he explains, keeps charges separate from your bank account, offering an added layer of protection. His second tip is to place your home into a living trust. This ensures that in the event of an unforeseen circumstance, the home transfers to your beneficiaries without going through probate court, which can be costly and time-consuming. Finally, Saxton stresses the importance of delayed gratification, particularly in one's younger years. "Try to take your monies," he says, "you don't need a new car, you don't need a bigger house." Instead, he encourages saving and investing early to allow for compound growth. Saxton's advice offers a valuable lesson in financial planning, emphasizing the importance of proactive measures and long-term thinking.