Apr 17, 2018
Our National Financial Literacy Month guest interviews continue!
This week we welcome back former P&B guest J.D. Roth (ICYMI –
PB34: Become a Money Boss ft. J.D.
Roth). J.D. is a recognized personal finance expert
who has written for Forbes and recently returned to writing for his
popular and insightful personal finance website, Get
Rich Slowly.org. On this episode he helps you and us explore a
different way to view money with a focus on saving you more of it.
Your money mindset matters! We also discuss:
- What he learned having already experienced the FIRE lifestyle
- The motivation for re-launching GetRichSlowly.org and what
readers can expect to learn this time around
- Tips for identifying your passion and turning it into a
business with multiple income streams so you too can achieve
financial independence
- Why personal finance doesn't have to be complicated if you
follow the hundred-year-old rule of spending less than you earn and
investing/saving the gap
- Advice for finding your financial balance, so you can both
enjoy today and save for tomorrow
[bctt tweet="GetRichSlowly.org is meant to help and inspire
people to achieve whatever financial goals they may have. -
@JDRoth" username="PayBalances"]
Financial Literacy Month: JD's recommended Action
Items:
- Self-Reliance. Rely on yourself to fix
your problems with the positive affirmation of, "I am in charge of
my life." Don't pay attention to others financial journey.
Do what works for you.
- Be Proactive. Don't let life just happen to
you. Take charge of your life by identifying short-term (1-3
months) and long-term (3-months and beyond) goals you want to
accomplish.
- You, Inc. View your own personal finances
like a business. Only three expenses account for 50-70% of the
average household's expenses. Saving, budgeting, and living within
your means are how you build a profit for yourself. Maximize your
personal profits by spending less than you earn or earning more
than you spend. Use the gap between income and spending to invest
in yourself to accelerate your profits and financial freedom.
References Mentioned in this Show
Announcements
- We’ve created a new free guide
exclusively for our email subscribers: The 15 Minute Paychecks and
Balances Money Plan: Your Guide to Financial Freedom. The free
document includes “15-minute” plans for creating a
budget, starting your debt freedom plan, and finding
your FIRE number. Sign-up to get your free guide today and see
why just 15-minutes may change the next 15 years of your own
journey to reach financial independence.
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