Episode 61 - Broke Finance - 6 STEPS ON HOW TO STOP LIVING PAYCHECK TO PAYCHECK

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In this episode we talk finances for people who need it the most. If you’ve been living paycheck to paycheck and can never seem to get ahead, this episode is for you. I talk about my 6 foundational tips for how to think about personal finance when you don’t make very much money.

I started this trade as a broke apprentice and a single dad. I had child support to pay, vehicles that were far beyond my means to keep making payments on, and piles of debt and bad decisions that seemed to appear as brick walls to my future. It seemed like every time I turned around I was faced with financial problems, to which I only made worse decisions. I was being reactive to my finances rather than proactive.

To everyone’s credit, we’re not taught this stuff in school. Nobody sits down with us and tells us how to balance a checkbook (yes…those are still a thing"), properly leverage debt, how to get low-interest credit cards, or how to save up for your future.

There are some basic understandings that those with wealth have, that those without lack. Chief among them is that people with money HOLD ON TO THEIR MONEY. That’s how they HAVE money. Most people do not just get a ton of money one day, instead they slowly put aside a little bit here and there until they have a sizable pile. And then they don’t spend it, they invest it so it continues to grow.

My 6 Steps To Stop Living Paycheck To Paycheck

1) Quit buying dumb shit

2) You don’t need credit (yet)

3) Pay yourself first (non-negotiable)

4) Budget EVERY dollar

5) Don’t buy breakfast, lunch, or dinner

6) Build an emergency fund.

Continue reading at: https://www.electricianu.com/podcast/episode-61-broke-finance-6-steps-on-how-to-stop-living-paycheck-to-paycheck

#apprenticeelectrician #finances #paychecktopaycheck
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Видео Episode 61 - Broke Finance - 6 STEPS ON HOW TO STOP LIVING PAYCHECK TO PAYCHECK канала Dustin Stelzer