So if someone's listening to this right now and they resonate with this idea of

they're slightly avoidant, they don't really have a plan, they're kind of just, they get

paid, they answer their bills and then they wait till the next payday.

They're not being intentional with their money.

Is there a step one in taking back control?

The very first thing, number one, that I'll say to do,

is build a peace of mind fund. A piece of mind fund. This is not about maths. It's not the mathematically optimal thing to do, but it is the psychological, because as we've discussed, money is as

much about emotions as it is about numbers.

So what I'll say is go through the last 30 days of your bank statements and calculate exactly how much it costs for one month of your living.

So mortgage, rent, utilities, bills, minimum debt payments, car payments.

And whatever that total is, that's the amount that you want to save up for your peace of mind fund.

Okay, so I go through my last 30 days of my bills. I find out that it's cost me, let's say, $1,000. Okay. That's one month of your

core living expenses. Yeah. So I need to save $1,000. You don't need to invest it. You don't need to

save it. You don't need to, it's not for a holiday. The reason why you want to save this is because

when life does what it does best, which is throw curveballs,

you want to make sure that you have it handled. If a boiler broke, breaks, your car dies on a

Monday morning, the last thing you want on top of the stress of dealing with that thing is the

financial stress of how you're going to pay for it. That's what this thing covers. It tells you,

I've got peace of mind. Whatever life throws

at me, I can handle it. And saving that one month of living costs puts you ahead of

59% of Americans and 30% of people living in the UK. 59% of Americans, unfortunately,

can't pay for a $1,000 expense and 30% of people in unfortunately, can't pay for a $1,000 expense.

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