The Minority Mindset Show 10 Money Moves You MUST Make Before You Turn 40
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Jul 3, 2025 Discover essential financial moves to secure your future before turning 40. Learn why tracking every dollar can outpower excessive income and how to build wealth through cash flow, not just savings. Get the lowdown on 0% APR offers and how to spend wisely while protecting your financial future. Uncover the importance of emergency funds and distinct accounts for spending, saving, and investing. Dive into strategies for debt repayment and leaving a legacy, ensuring your 40s are filled with freedom instead of frenzy.
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Define Wealth with Cash Flow
- Define what wealth means to you by determining how much money you'd need to retire without worry.
- Aim to build enough assets generating passive cash flow to cover your living expenses.
Track Every Dollar Monthly
- Track every dollar of your income and expenses monthly to understand and optimize your spending.
- Categorize expenses to identify and reduce unnecessary spending.
Build an Emergency Fund
- Create an emergency fund covering 3 to 12 months of expenses as protection against unexpected events.
- Adjust the fund size based on your life stage, responsibilities, and risk tolerance.