Core Insights - The article discusses the concept of forced savings as a method to improve financial health, emphasizing the importance of removing the temptation to spend money readily available [2][3]. Group 1: Forced Savings Methods - Scott Galloway outlines four common methods for forced savings, highlighting the challenge of a consumption-driven mindset in the U.S. economy [3]. - One method involves signing up for a program that rounds up purchases, automatically depositing the spare change into savings or investment accounts [4][5]. - Galloway recommends utilizing automated investing apps like Acorns, which help users build a diversified investment portfolio by linking their spending cards [5]. Group 2: Retirement Accounts - Galloway suggests enrolling in a tax-advantaged retirement plan where funds are deducted directly from paychecks, ideally with employer matching contributions, to prevent spending [6].

🚨 NEW: Morgan Stanley has dropped restrictions on which wealth clients can hold crypto funds.This change means crypto products can now be held in any type of account, including retirement accounts. https://t.co/Dn3VwMUsaz ...

🔥 BULLISH: Billionaire Bill Miller IV says 1% of the $60T in global retirement accounts could add $30K to BTC’s price.Sees a 2% allocation as “conservative”. https://t.co/DxTsdKalv0 ...

Let's talk a little bit about that. EO So it instructs the Department of Labor and the SEC to adjust their rules and regulations to allow those retirement accounts to invest in private assets, to invest in crypto, or at least to allow it. How will the S.E. C. approach this.What does that checklist look like. Katie It's great to be here. I think we've already started that process of opening the private markets to retail and thinking about ways that we can get them access in a way that's diversified, professi ...

Trump opens door for crypto in retirement accounts https://t.co/Fp2qt4FUXQ ...