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10 results for “recession survival”
Concept2 mentions across episodes
recession
how you navigate this and how to use their all the resources that are here for you. How do you make that last? Right. Well, I love that we're talking about this today because I'm such an advocate of the fact that we don't need to have an emergency ha
6:45 / 7:51
from transcript6:45 – 7:51
okay, a lot of these people are saying, oh, you shouldn't pay down debt because interest rates are human just making it really complicated. But I simplified it for myself to say, well, I understand that a credit card at 20% interest is gonna lose me
9:41 / 10:58
from transcript9:41 – 10:58
discipline is of the acronym. So S is spending intentionally. And so that's where I teach habits specifically around budgeting in a different way than I see many other people teach budgeting. My way of budgeting is a little more fun, has a lot more e
10:29 / 11:32
from transcript10:29 – 11:32
Half of my time in the industry, I was in management for a Fortune 100. So my role was training the newbie advisor who just got their licenses to working with the more tenured advisors and showing them some newer strategies that they could implement
20:15 / 21:18
from transcript20:15 – 21:18
January 1. You're like, oh my gosh. I am going to start saving. I'm never going to spend money again. Everything's going to be amazing. Like it's not that. It's making little choices over the course of the year. And it might take you the full year. I
25:27 / 26:31
from transcript25:27 – 26:31
So everybody, like, I said at the very beginning, everybody has different risk tolerances, but you also have to realize everybody has different goals. Now I personally loved that I use it's called the snowball method where you pay down let's say it's
22:51 / 24:44
from transcript22:51 – 24:44
is deposited, so it's not all going into my checking account. 10% is automatically going into a savings account. That'll make it easier for me because the hardest thing to do with money and, frankly, anything else in your life is willpower your way t
26:12 / 27:20
from transcript26:12 – 27:20
it massively devouring your network, that's a level of independence. It's just the ability to withstand all the normal, natural, inevitable ups and downs in life. Some people will get to a point where they can withstand virtually any economic disaste
14:55 / 16:03
from transcript14:55 – 16:03
risk tolerance, they're like, you know what? I would love to have all my properties paid off. That is by far one of the best ways to go because once you have that entire minimum payment knocked out, that goes right to the second one and that property
23:29 / 25:07
from transcript23:29 – 25:07
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