The Diary Of A CEO with Steven Bartlett cover image

Ramit Sethi: Never Split The Bill, It's A Red Flag & Renting Isn't Wasting Money!

The Diary Of A CEO with Steven Bartlett

NOTE

Manage Fixed Costs Wisely

Strategize your savings by avoiding unnecessary interest expenses. Couples should utilize saved funds, such as $50K, to foster financial returns rather than waste them. Implement a conscious spending plan that prioritizes fixed costs, which should comprise 50% to 60% of your post-tax income. Fixed costs include essential expenses like housing, utilities, car payments, debt payments, and necessary groceries, making it crucial to manage them effectively to maintain financial health.

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