Discover why embracing small luxuries like your daily latte can be part of a healthy financial plan. Episode 40 explores the importance of developing a balanced and sustainable spending strategy.
Laura and Jeremiah discuss the importance of developing a spending plan to achieve financial freedom. They emphasize aligning spending with personal values rather than societal expectations and the need for self-awareness and active listening in financial conversations. They review various budgeting methods, including the 50/30/20 rule and zero-based budgeting, and recommend apps like Monarch, YNAB, and Copilot for better financial tracking. The episode closes out with them highlighting the significance of having a vision for one’s financial future and stressing the value of using tools to manage spending and reduce stress.
In this episode:
0:00 – 0:30 Introduction to the topic of developing a spending plan
0:30 – 2:00 Importance of aligning spending with personal values
2:00 – 3:30 Collaborative finance management and addressing emotions
3:30 – 5:00 Value-based spending and budgeting techniques
5:00 – 6:30 Retirement planning and long-term financial considerations
6:30 – 10:00 Overview of budgeting methods and personal finance apps
Reach out at [email protected]
Connect with Jeremiah:
LinkedIn: https://www.linkedin.com/in/jeremiahjlee/
Email: Jeremiah@tricordadvisors.com
Connect with Laura:
LinkedIn: https://www.linkedin.com/in/laura-lee-59a83610/
Email: [email protected]
This content is developed from sources believed to be providing accurate information. The information provided is not written or intended as tax or legal advice and may not be relied on for purposes of avoiding any Federal tax penalties. Individuals are encouraged to seek advice from their own tax or legal counsel. Individuals involved in the estate planning process should work with an estate planning team, including their own personal legal or tax counsel. Neither the information presented nor any opinion expressed constitutes a representation by us of a specific investment or the purchase or sale of any securities. Asset allocation and diversification do not ensure a profit or protect against loss in declining markets. This material was developed and produced by Advisor Websites to provide information on a topic that may be of interest.