Budgeting Made Easy – How To Get Good At Budgeting When You Hate Budgeting
Money Tree Investing
Money Tree Investing Podcast
4.6 • 658 Ratings
🗓️ 19 June 2020
⏱️ 60 minutes
🧾️ Download transcript
Summary
This week we discuss how to think about budgeting when you don't want to think about budgeting.
This is a great episode where we discuss a number of related topics to help you improve your money mindset, setting your intentions, making more money vs cutting expenses, creating passive cash flow, how to live on the go with no permanent residence, and more. It is a budgeting made easy episode.
Nick truly (no pun intended) is one of the most interesting people we have interviewed on this show. While I shy away from keeping up with the Joneses and FOMO, Nick takes this line of thinking to a whole new level. He caused me to reexamine my premises. This is something we all should do from time to time.
Today's Panelists
- Kirk Chisholm | Innovative Wealth
- Barbara Friedberg | Barbara Friedberg Personal Finance
- Megan Gorman | The Wealth Intersection
- Mark English | Innovative Wealth
For more information, visit the show notes at https://moneytreepodcast.com/budgeting-made-easy-nick-true
Transcript
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| 0:00.0 | Welcome to the Money Tree Investing Podcast. |
| 0:04.0 | Stock market, wealth, personal finance, value stocks, invest in your life. |
| 0:12.0 | Welcome to this week's episode of Money Tree Investing Podcast. |
| 0:15.0 | My name is Kirk Chisholm and I will be your host today. |
| 0:18.0 | We have Nick True. How you doing today, Nick? I'm doing well, man. |
| 0:22.2 | I'm excited to be here. Good. Well, we brought Nick on because we've had a lot of interest in the topic |
| 0:27.3 | of budgeting. Those of you aren't just going to turn it off, but I can tell you that's a really |
| 0:31.9 | important topic. I think the stuff we're going to talk about today is going to maybe change your mind about a few things. So, Nick, maybe you can kind of tell us a little bit about your background, your story. |
| 0:42.4 | I kind of had a very traditional background. I went to school for mechanical engineering. |
| 0:48.1 | It was always very kind of math-oriented, science-oriented. Met a girl there in college |
| 0:53.5 | that I ended up marrying marrying and she was kind of |
| 0:56.1 | on the same path, very traditional, went to graduate school as a physical therapist or to pursue |
| 1:01.5 | physical therapy and while I was doing engineering and we graduated and got a job as an engineer |
| 1:07.5 | and started making my way. Along the way, we discussed and found that maybe that |
| 1:15.1 | traditional path wasn't exactly what we truly wanted. And we started looking outside the box |
| 1:21.6 | at some other alternatives. And kind of long story short, we now have found ourselves living in an |
| 1:27.2 | RV full time and traveling the country. |
| 1:29.5 | We've been on the road for about two and a half years, have made a bunch of changes, |
| 1:34.7 | and neither one of us use our current degrees, engineering, or physical therapy anymore. |
| 1:39.0 | And budgeting is sort of a tool that we've used all along the way to make a bunch of those different |
| 1:45.5 | transitions and constantly prepare us for the next transition. And so it's something that |
| 1:50.8 | Hannah and I are really passionate about and something that we talk a lot about because to me, |
... |
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