The Personal Finance Podcast You Can Change Your Finances in 3 Months (Here is How!)
Dec 29, 2025
Learn how to master your finances in just three months! Discover six transformative steps that include knowing your income clearly and calculating your burn rate. Understand the significance of your net worth as a financial scoreboard. Andrew explains how to manage debt wisely and introduces the freedom number using the 25x rule. Gain tips on automating your investments and bills, and the benefits of low-cost index funds. Finally, explore the importance of intentional spending on what really matters to you.
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Track Your Six Core Financial Numbers
- Know six core numbers: income, burn rate, net worth, savings rate, debt, and retirement number.
- Memorize these figures and track them to make every other financial decision easier.
Compute Your True Monthly Burn Rate
- Calculate your burn rate by summing all spending across accounts for three months and dividing by three.
- Use six or twelve months if your spending is irregular to get a more accurate monthly average.
Use Net Worth As Your Scoreboard
- Calculate net worth as assets minus liabilities and track it over time as your financial scoreboard.
- Use tools like Personal Capital or Monarch Money or a simple spreadsheet to automate tracking.