7 Cashflow Milestones Worth Celebrating
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.7 • 3.1K Ratings
🗓️ 2 August 2024
⏱️ 35 minutes
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Summary
Transcript
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| 0:00.0 | Seven cash flow milestones worth celebrating. |
| 0:04.0 | Run, I am so excited about this because we know that 80% of personal finances behavior |
| 0:16.2 | and so today we want to focus on some behavioral milestones that you might hit on |
| 0:22.1 | your path to financial independence and these while they might seem |
| 0:24.9 | small early they might seem insignificant they are huge and they are certainly in my opinion worth |
| 0:30.8 | celebrating yeah I'm one of those people. |
| 0:32.7 | I constantly talk about give me small decisions or give me a little bit of today for that |
| 0:37.3 | great big beautiful tomorrow. |
| 0:39.4 | This is exactly what we're talking about. |
| 0:40.7 | We've actually built a foundation of our content is telling you what you need to be thinking about in your 20s, your 30s, and then a recent show we did was actually on net worth milestones. And you guys gobbled it up. You loved it. And I love because it really lets you affirm those good small decisions you're making. |
| 0:57.0 | We decide, hey, this is net worth milestones. This is when you're starting to get traction and these things are showing up |
| 1:03.4 | on your net worth statement under assets and lowering liabilities. |
| 1:07.2 | How about the things on every day you have money come into your household, your cash flow. Let's talk about milestones you should |
| 1:14.8 | focus on for every dollar that comes into your command and your army of |
| 1:19.7 | dollar bills and how you maximize that. Now here's the disclaimer you don don't have to meet all of these to reach financial independence and there may be some of these |
| 1:26.4 | that you never hit and that's okay. |
| 1:29.0 | But for some of you, especially in the early stages, you are going to hit these and they are going to be points that you want to |
| 1:34.5 | strive towards and if you're not there yet we want you to get excited about |
| 1:38.0 | moving towards those so Brian let's jump in and start with the very first |
| 1:41.9 | milestone and this is one that's sort of near and dear to our hearts, |
| 1:45.8 | saving $100 per month. |
| 1:48.6 | Well if you strip this down, I know $100 a month doesn't sound like a lot of money but if you think |
... |
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