The Basics of Personal Finance and Inviting a Guest

Andrew joins this week's podcast, discussing our top 10 foundations of personal finance. We share how we’ve made progress against these categories, what we wish we had known sooner and did better when we were younger, and our advice for what to focus on to get your finances in the best shape possible. We discuss each of these 10 foundations: (1) Spend less than you make. (2) Create and stick to a budget. (3) Make savings automatic. (4) Accumulate assets that appreciate in value. (5) Avoid assets that depreciate in value. (6) Invest your savings early and often. (7) Live almost debt free. (8) 80% of personal finance is behavior 20% is knowledge and the numbers. (9) Your retirement is YOUR responsibility. (10) To be successful, you and your partner must agree on these principles.

Get the full show notes, show references, and more information here:

https://insideoutmoney.org/006-10-foundations-of-personal-finance