Understanding the 3 Stages of Your Personal Finance Journey

Budgeting is one of the best tools you have to take control of your money, achieve your financial goals, and set yourself up for success. Unfortunately, it’s not always a given. Many people avoid discussions about budgeting at all costs, mostly because they don’t know where to start. Do they need to save money? Can they even save money? Should they invest it instead?

In today’s episode, Dylan breaks down the three stages of a personal finance journey — income, saving, and investing — to help you take stock of your financial situation. 

Show Highlights

• [06:29] The three stages of your personal finance journey

• [07:33] The income stage and what it entails

• [11:09] How income and expenses interact

• [13:19] The best way to grow your income

• [14:17] The savings stage and what it entails

• [19:32] The investment stage and why many people don’t reach it

Links and Resources

• Fiscally Savage

• Fiscally Savage Tools

• Fiscally Savage on Instagram

• Fiscally Savage on Facebook

• Fiscally Savage on Twitter

Books Mentioned

• The Storm Before the Storm: The Beginning of the End of the Roman Republic by Mike Duncan

• Hero of Two Worlds: The Marquis de Lafayette in the Age of Revolution by Mike Duncan

• The Simple Path to Wealth: Your road map to financial independence and a rich, free life by J. L. Collins