))
0011. Budgeting for Dummies
Manage episode 426814283 series 3560871
Innhold levert av Randy Luebke. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av Randy Luebke eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.
In this episode of Financial Independence Now, host Randy Luebke dives into one of the most crucial yet challenging aspects of financial planning – budgeting. Randy introduces a practical strategy to simplify the process, the "false scarcity" method and categorizing expenses into essentials and lifestyle.
Listen in as Randy breaks down essential expenses into six categories: food, shelter, clothing, healthcare, transportation, and taxes, and explains how to track and manage these effectively. He also shares insights on setting aside savings and managing payroll taxes, making budgeting manageable even for those who find it daunting.
Whether you're struggling to keep your finances in check or looking for ways to optimize your spending and savings, this episode offers valuable tips and a straightforward approach to help you gain control over your budget and move closer to financial independence.
Highlights:
- The challenges of budgeting and how to overcome them
- The "false scarcity" method explained
- Differentiating between essential and lifestyle expenses
- Practical steps to start budgeting effectively
- The 20-30-50 rule for savings, taxes, and spending
Tune in and take the first step towards a more organized and stress-free financial life.
Links from the episode:
Webpage with details and downloads
The 4x4 Financial Independence Plan ℠
The Smart 3-Tiered Cash-Reserve System ℠
The Business Owner’s Guide to Financial Freedom: What Wall Street Isn’t Telling You
The Financial Independence Toolkit ℠
Questions:
If you have any comments or questions about this episode, we would love to hear from you. Email us at info@LifetimeParadigm.com or connect with us on Facebook https://www.facebook.com/groups/financialindependencenowpodcast
Learn More:
https://lifetimeparadigm.com/education/financial-edification/
https://lifetimeparadigm.com/webinars/
Support:
We hope you enjoy listening to this episode and learn something that you can apply to your life starting now. If you get value out of our podcast, please share it with a friend! Tell your podcast streaming host, iTunes, or whichever streaming service you use, that you enjoyed what you heard in this podcast, and you valued the information we shared. Then give us your 5-Star rating, so we can connect with more people just like you.
13 episoder
Del
