Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 2817:
Philip Dancy's insightful pieces on distinguishing "wants" from "needs" and the importance of emergency funds provide practical advice for financial health. By understanding and prioritizing true needs, you can effectively manage your budget and savings, ensuring you’re prepared for unexpected expenses while still enjoying life’s pleasures.
Read along with the original article(s) here: https://dancywithmoney.com/blog/prioritizing-wants-vs-needs & https://dancywithmoney.com/blog/how-to-start-an-emergency-fund
Quotes to ponder:
"A 'want' is an item or experience that brings you a level of satisfaction that you feel you can’t live without...but you really can!"
"By taking on unnecessary debt, there is a big chance you may fall into the debt cycle."
"It took me almost two years to get my emergency savings to 6 months."
Episode references:
EconoMe Conference: https://www.economeconference.com
Learn more about your ad choices. Visit megaphone.fm/adchoices
Optimal Finance Daily - Financial Independence and Money Advice