Out of Control Spending and The Refrigerator Method

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Listen Money Matters

Careers, Business, Investing, Education

4.4 • 2.3K Ratings

🗓️ 21 May 2018

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

Almost 50% of Americans cannot come up with $400 if they needed it urgently. 1 in 3 Americans has $0 saved for retirement. In the U.S. it seems we’re much better at spending money then we are saving. This spending problem is leaving too many American households living paycheck to paycheck with close to nothing saved for the future. The savings rate has been falling for most of the past few decades. Maybe we stopped saving when our income growth flatlined after the recession, maybe it’s because we’re being buried in student loan debt, or maybe consumerism has taken over but it doesn’t change the cold hard truth that most people are not prepared for retirement at all. Full Article Here Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hey guys, I wanted to share something new I've been working on.
0:05.7	It's called Seeking Profit and it's a podcast where we talk about the second phase of my
0:10.2	personal finance journey building online businesses.
0:13.9	These businesses earn money while I sleep and have detached my time from my income.
0:19.2	Since 2013, I've generated millions in revenue with these websites.
0:24.2	I felt it was long overdue to create a show in Listen Money Matter Spirit that taught the
0:29.6	ins and outs of online business building.
0:31.6	This is my biggest passion and if you're interested in coming along for the ride,
0:35.7	just head over to SeekingProfitShow.com or search for Seeking Profit on YouTube or your favorite podcast app.
0:43.4	We're Seeking Profit!
0:50.4	Hey, what's going on everybody and welcome to Listen Money Matters.
0:54.4	Telling yourself you deserve something is just an excuse to bypass the rules of your budget.
0:58.6	My name is Thomas and I'm here as always with my good friend Andrew.
1:01.8	Andrew, how are you and what are you drinking this fine afternoon?
1:05.6	I'm damn good and I'm drinking something from your neck of the woods.
1:09.3	It's a Breckenridge brewery.
1:12.1	Oh, is it the... actually, you know what? I bet it's not.
1:15.9	I was gonna guess the agave wheat but that doesn't sound like your own.
1:19.0	That sounds kind of cup of tea.
1:20.8	That does sound good though.
1:22.2	That's my favorite one.
1:24.5	Agave is from tequila.
	...

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