5. Where Do I Start? (aka the Financial Game Plan)

Financial Feminist

Her First $100K

How To, Business, Self-improvement, Education

4.7 • 6.6K Ratings

🗓️ 31 May 2021

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

I’m finally answering the #1 question I get as a financial expert: “Where do I start?” Fear not! I’m walking you through the steps that will help you build your financial game plan from saving your first emergency fund, to paying off debt, and investing. To get more resources including any freebies mentioned in this episode, head to ⁠https://herfirst100k.com/ffpod Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	So the biggest question I get asked all the time, in my TMs, in my comments, in my emails
0:24.4	is how do I start? And I think there's so much different information out there that
0:31.0	actually begin. You have one financial expert telling you one thing and you have another
0:35.7	financial expert telling you another thing and then you think to yourself, but also I am unique
0:40.0	and I need like own personal finance game plan and situation. We like saying at her first
0:46.8	100k that personal finance is personal and that 100% is the case. However, there is a game plan
0:52.4	that we can give with the step-by-step rules and guidelines of how to get started on your
0:59.2	financial journey. It doesn't matter who you are, it doesn't matter what your financial situation
1:03.7	is. Ultimately, these are the steps. Even if you have a ton of debt, even if you have different
1:09.5	goals, maybe then somebody else does, this is a good guideline or guideposts to come back to on
1:15.6	your financial journey. And this is information that you will literally use for the rest of your life.
1:20.5	What we'll discuss today, what I'll outline today is information that you will literally use
1:25.4	for every financial goal for the rest of your life. So this is the financial game plan. This is
1:32.9	what to do in what order, how to get started in your financial life. If you are just beginning your
1:38.6	financial journey or trying to figure out where to go next, this is definitely the episode for you.
1:43.7	So step one of the financial game plan is an emergency fund. Now, there's a lot of financial
1:51.1	experts out there who will tell you to prioritize debt first. And I will tell you why I don't agree
1:56.4	with that. First is that I don't want you going into debt or going into more debt trying to pay
2:02.3	for an emergency. I don't want you to have financial hardship or even more financial hardship
2:08.1	trying to cover yourself during potentially one of the most stressful times in your life. And the
2:14.8	second reason we prioritize emergency savings before paying off debt is I just want you to have
2:21.6	the mental peace of mind knowing that you have something in the bank. Again, during one of the
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