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Animal Spirits Podcast

How to Spend Your Money (EP.162)

Animal Spirits Podcast

The Compound

Investing, Business News, News, Business

4.72.1K Ratings

🗓️ 21 August 2020

⏱️ 35 minutes

🧾️ Download transcript

Summary

On this episode, we do a deep dive on budgeting, conscious spending, classflation, the two types of budgets, how to plan for infrequent expenses, how to make your budget obsolete and much more as it pertains to one of the most important topics in all of personal finance. Find complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Like us on Facebook And feel free to shoot us an email at animalspiritspod@gmail.com with any feedback, questions, recommendations, or ideas for future topics of conversation. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This episode of Animal Spirits is sponsored by Nava Plan by Advisant.

0:03.4

Built on the most precise calculation engine in the financial planning market,

0:06.7

Nava Plan powers advisors to cater their services to any client from simple goals-based assessments

0:11.1

to advance cash flow planning analysis to see how

0:14.0

nav a plan helps model some of these concepts and strategies discussed on this

0:17.0

episode visit at visent.com backslash animal spirits.

0:21.0

Welcome to animal spirits a show about markets, life, and investing.

0:26.8

Join Michael Batnick and Ben Carlson as they talk about what they're reading, writing, and

0:31.4

watching.

0:32.4

Michael Batnick and Ben Carlson work for reading, writing, and watching.

0:33.0

Michael Batnick and Ben Carlson work for Ritt Holt's wealth management.

0:36.5

All opinions expressed by Michael and Ben or any podcast guests are solely their own opinions

0:40.8

and do not reflect the opinion of Ritt Holt's wealth management.

0:43.8

This podcast is for informational purposes only and should not be relied upon for investment decisions.

0:48.9

Clients of Ritt Holt's wealth management may maintain positions in the securities discussed

0:52.4

in this podcast.

0:54.2

So today we're going to be talking all about budgeting and cash flow, which is advice since

0:59.4

bread and butter.

1:01.0

And last week they did a companion video, or weeks ago I should say to talk about the economics of home ownership

1:06.2

They're gonna do something similar with this with budgeting so we'll put all of that in the show notes

1:11.2

All right let's start off with this Ben. Jeff Levine on

1:15.9

Twitter put out a question earlier this week or last week. Other than regularly

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