MI Rewind: Mastering Your Money w/ Douglas Boneparth
The Intrinsic Value Podcast - The Investor’s Podcast Network
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The Most Powerful Part of Personal Finance
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?
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