4.7 • 1.1K Ratings
🗓️ 7 November 2011
⏱️ 16 minutes
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The basics of Rule Two (Save for a Rainy Day), and then how you combine Rules One and Two to begin making VERY good financial decisions. This episode will answer the question you may have asked yourself, "I make enough. Why aren't I getting ahead?"
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0:00.0 | Hello, Wienabbers. My name is Jesse Meekham, and this is podcast number three, for you need a budget, |
0:09.0 | where we teach four rules to help you stop living paycheck to paycheck, get out of debt, and save more money. |
0:17.0 | This week we're going to talk about Rule Number 2, we call it saving for a rainy day. |
0:23.0 | I actually talked about this last week when I spoke to some financial advisors for |
0:28.5 | wealth guard advisors out in California and we were talking about the most important number for retirement. |
0:35.0 | And that most important number is not the nest egg, but is the monthly expenses. |
0:42.0 | How quickly will you burn through your retirement? the monthly expenses. |
0:42.8 | How quickly will you burn through your retirement is much more important than how much your retirement |
0:48.0 | is? |
0:49.0 | Of course the second one is important, but that first one can make or break you. |
0:54.0 | So we talked about that out in California near Sacramento. |
0:57.9 | That was with Wealth Guard Advisors, |
0:59.4 | and had a good time. |
1:00.8 | Spoke to their advisors. |
1:01.8 | And then we had a client meeting that night and I |
1:04.1 | taught the clients, rules one and two for you need a budget. |
1:07.1 | It went pretty well. |
1:08.3 | I enjoyed myself quite a bit. |
1:10.1 | If you are an advisor and you are interested in having me teach your clients or having us |
1:16.2 | maybe run a private webinar for your clients and teaching them the four rules that we teach |
1:21.7 | to help people manage their cash flow and obviously have more to |
1:24.7 | invest and follow that financial plan that you've so meticulously built out for them, |
... |
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