33. Financial Tips That Will Make You Rich

Thought Hustle

English - February 25, 2021 10:00 - 13 minutes - 9.41 MB - ★★★★★ - 14 ratings
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Financial basics:

Here are the key points from today’s show!

Track your daily expenses, to start, at end of week track spending, and do it again at end of month. Once you get familiar with spending patterns once monthly is fine. Be patient with yourself, Most of Buffet’s wealth came after age 59. It pays off.Hold yourself accountable for your spending, build a budget. If you have trouble saving, use cash when you spend.How should you budget? Based largely on you, have goals et for the next 3 months, year, and 5 years. Learn your income and expenses. Pay yourself first. Figure out the type of budget you want – Zero-based or 50-30-20Utilize tools, use Excel, Mint or You Need a Budget, or pen and paper, whatever you feel comfortable with.Start investing, if you haven’t already, this is critical, you need to invest, the sooner you start, the more beneficial it will be down the line.

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