How Do I Budget Consistently With an Irregular Income?

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 18 June 2021

⏱️ 5 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Ramsey Call of the Day is a quick, daily dose of advice on life and money in under ten minutes. Hear from experts like Dave Ramsey, Ken Coleman, Rachel Cruze, Christy Wright, Anthony ONeal, and Dr. John Delony. Part of the Ramsey Network. Delivered to you five days a week. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	It's Friday, and this is the Ramsey Call of the Day, part of the Ramsey Network.
0:10.6	Joining me today is Ramsey personality Anthony O'Neill.
0:15.0	Jake is in Dallas, Texas.
0:16.9	Hi, Jake. How are you?
0:19.0	Doing great. How are you guys doing?
0:20.3	Better than I deserve. What's up?
0:23.5	I have to hear it. So I am currently, I'm 22 years old, I'm self-employed, and I'm getting to a point where I really want to start paying off all my debt, building up a retirement plan, and just, you know, overall being more wise and more strictly on budgeting. However, I'm self-employed, so my income varies, although it is steady.
0:39.5	But I just wanted to see what you would recommend as a method to build a budget when you
0:44.0	are self-employed, and the money doesn't come in as consistently, but you just want to stick
0:48.3	to that budget and then be as efficient with your money as possible.
0:51.3	So what's your taxable income in 2021?
0:55.3	2021, I would estimate my personal taxable income around 80,000.
1:00.2	Good for you.
1:01.2	Well done.
1:01.7	What are you doing?
1:02.3	What kind of business?
1:04.0	I do a lot of post-production work remotely for different production companies around the world.
1:10.2	Okay.
1:10.6	Any employees?
1:12.5	No, it's just me.
1:13.5	Good for you.
1:14.2	Well, well done.
	...

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