1954: [Part 2] Pay Yourself Last: Why You Don’t Need A Budget by Steven Keys

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🗓️ 10 July 2022

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

Steven Keys of Trip of a Lifestyle talks about why you don't need a budget. This is part 2 of 2. Episode 1954: [Part 2] Pay Yourself Last: Why You Don’t Need A Budget by Steven Keys Since graduating from college in 2012, Steven has developed a healthy obsession with personal finance. Although he has no formal training in the field, he’s taught himself a lot about saving and investing over the years. In addition to the normal stuff, he’s also come up with quite a few unusual ways to make extra money, from credit card hacking, to buying and selling stuff on eBay, to ridiculous ventures like taking advantage of loopholes at casinos. After finding satisfaction in helping friends and family prepare for retirement, pay off their student loans, and navigate the confusing world of home buying, Steven wanted to share his thoughts on personal finance more publicly. His main motivation for blogging stems from a desire to help more people become financially free and change their lives for the better. The original post is located here: https://www.tripofalifestyle.com/money/you-dont-need-a-budget/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

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0:00.0	Carl's Jr.'s new big-char chili burger is big on char-brow flavor, big on spice, with melted pepper
0:07.4	jack cheese and spicy scented face sauce, big on smoky sweet heat with a whole fire roasted
0:13.6	charred and a hard chili, and big on savings with the big-char chili combo. Get the big bold smoky
0:20.1	flavor for new Carl's Jr.'s big-char chili burger with small fries and drink for just $7.99.
0:26.3	Jack's not included for a limited time, prison participation maybe.
0:31.2	Are you ready for a Monzo Business Bank account? Mike from Blue Water Plumbing was.
0:35.4	We need to get paid quickly, especially when I have five or six plumbing jobs in a day.
0:38.8	When I first used the payment link feature in my Monzo Business account,
0:41.7	I was impressed how quick and easy it was. At the end of each job, I'll just create a payment link,
0:45.6	send it to the customer and get paid then and there. I can also track all of my payments to my
0:50.1	get paid tab. If you're ready for a Monzo Business account, apply today. Just search
0:54.8	Monzo Business, tease and seize apply. Only sole traders or limited company directors in the UK
0:59.6	can apply. This is Optimal Finance Daily Episode 1954. Pay yourself last. Why you don't need a
1:07.5	budget. Part 2. By Stephen Keys of Trip of a Lifestyle.com. And I'm your host and personal finance
1:15.2	enthusiast, Diana Mariam. Now today's post is a continuation from yesterday. So if you're new
1:21.6	here, I'd recommend listening to yesterday's episode first. But if you're all caught up,
1:27.1	let's hear part 2 and continue optimizing your life.
1:34.9	Pay yourself last. Why you don't need a budget. Part 2. By Stephen Keys of Trip of a Lifestyle.com.
1:44.0	When you splurge on something unimportant and luxurious, just because it's in the budget,
1:49.8	you're really short-changing yourself. That money could have been used to buy something more
1:54.8	valuable instead, like freedom. Secondly, setting up your budget so that every extra expense needs
2:01.8	to be planned for in advance takes a lot of joy and spontaneity out of life. Imagine instead
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