Hey y’all - get your latest version of Marie Kondo-ing. Everyone’s doing it! You might as well do your finances too. Start with your papers! Then hit insurance, estate planning and cash flows. Know your purpose. It makes it A LOT easier to take care of things that seem hard when you know why you’re doing them.Read More
What does managing your cash flows actually mean? You have to do ALL of the following:
Have any kind cash reserve to start, Calculate what your monthly average expenses are, Create a budget & honor your budget, Run a lean operation, Understand when you get paid, Know exactly what your operating expenses are, Make sure your cash reserve exceeds your operating expenses, Be mindful of your personality, Track your successes and failures, Manage similarly on the personal sideRead More
I want to talk today about a concept that is near and dear to my heart. If you listen to Jocko Podcast (Jocko Willink is a personal hero of mine), you’ll hear him repeat over and over: discipline equals freedom. And there is nothing truer. Today’s topic: discipline equals financial freedom.
I don’t know about you, but initially when I heard the word discipline, I thought of teaching someone to obey rules with the stick, rather than the carrot, so to speak. That’s not really what it means. Merriam Webster certainly has that as listed in the definition, but we’re going to use another definition today: “to train or develop by instruction and exercise especially in self-control”. I’ll repeat that for you: “to train or develop by instruction and exercise especially in self-control”.Read More