Go back 12 months, get all the statements of what you spent your money on. Then make a budget around that. Reconciling cash flow is real data. You need to see that. And then budgeting is forward looking, what you hope to spendyour money on. I o two sides of the same coin. So how do we get there? Got your goal system? You've mastered cash flow. You can cover all your shore term liabilities,. Your student loan payments, your mortgages. That's the last piece, the right to invest. Now go live your life and run the experiment three, six, nine, 12 months later. See if you can get good at this?
IN THIS EPISODE YOU’LL LEARN:
01:17 - Why you may need a financial advisor as a millennial.
01:17 - The value financial advisors add.
17:33 - Why robo-advisors won’t take over the financial advising industry.
22:49 - The most important thing keeping you from reaching your financial goals.
36:45 - Whether you should pay off your student loans or invest.
And much, much more!
BOOKS AND RESOURCES
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Robert and Clay’s tool for picking stock winners and managing our portfolios: TIP Finance.
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