WEBVTT
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We all search for happiness.
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We search within a job, in.
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A person, or with life. We search for love, within
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a passion for life, for someone to care for. This
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is an ending that could never be duplicated. It is
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a beginning that Jerry's on every day.
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In a world that changed when uncertain came the new normal.
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One voice kept asking the questions others were afraid to
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ask me. Joel Vexter is reporter Joe Exter and the
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Pandemic Era, navigating crisis and economic downturn. This isn't just
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a story, It's a front row seat to survival in
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a time of chaos. From every economic to everyday resilience.
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Jove exter Me takes you inside the headlines, breaking down
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what really happened and how people push through when everything
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felt like it was following apart. Real insights, real struggles,
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real comebacks. Whether you're rebuilding, reinvesting, or just trying to
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make sense of it all, this book speaks your language.
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Now available and audiobook, unkindled or unaudible and kindle, perfect
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for your daily grind night thoughts or your next breakthrough moment.
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Or grab the print ebook and experience the journey Your
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way becomes every story is told, every story can teach
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you how to rise. Joeh. Exter and the Pandemic Era
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Navigating Crisis and Economic Downturn by jove Xter Is Reporter.
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Your next chapter starts now. We had some technical difficulties
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in this recording of this podcast for the Joseph Vivaldi Podcast.
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For the interview with Paris Clough. Here are some of
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the highlights of what was recorded and salvaged. I hope
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you enjoy. Hello, this is the Joseph Valdi Podcast. I'm
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with special guests Paris koof Right Cluff. Paris Cluff, he
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is a certified financial education instructor through the National Financial
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Educators Council. He helped thousands, hundreds and earth thousands of
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people learn how to manage, protect, and grow their money,
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and he has learned to turn income into well for
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many of those people. So Paris, take it away.
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Awesome, thanks for having shelcome so many podcasts, so many
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YouTube videos.
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She seems that it's.
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All bombing him. Just help you learn. Let it just
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really it's out there. We went down to what exactly
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fits for you in your personal financial situation and then
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help you look yeah, so that you can actually sure.
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I mean the biggest, the biggest key point that at
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least I feel is like before I used to be
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one that beat myself up for never getting ahead and
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everything else, and then I realized I realized that, I
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realize you just got to enjoy and take it day
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by day. If you want to coffee, you know, have
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a coffee, but don't like go overboard and overspend. So
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what what would you king into the first question how
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to get out of debt and stay out of debt.
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And that's a problem for many people nowadays.
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That's jes A H two to real legitimate. In my opinion,
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there's a legitimate I would call it even a conspiracy,
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a legitimate conspiracy to keep us in debt, keep us
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done in position. So the potential slaves to the whole system.
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And so once you kind of get an awareness of like,
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wait a minute, it's really happening, I want I don't
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kind of resolved to what them people are in debt
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because they haven't met people, because they had a legitimate
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emergencies the things too. So let's let's help you figure
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that out. I think one of the big biggest things
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just consumerism.
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What we're gonna say, Joseph, I'll tell you. For me,
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it was the pandemic. You know, it was like one
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of those things where me personally, I was hospitalized and
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then it was like all that anger is spending afterwards.
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But it was like I realized.
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My mistakes and I'm paying everything down and I'm owning
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that that now and I'm moving day to day. But
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it was like, you know, it's a pandemic. The pandemic.
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Uh happened and changed a lot of people's living, especially
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in my own.
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Such like if you get an intern to see happened,
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like two thousand and eight, there's the snowball, meth fad,
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bunch meth fad, there's stubble and books math, there's a negotiation,
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and there's really for ways to get out of death.
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You have to realize what was really the cause of this?
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Was it just my habits, my behaviors. Was I just
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glutting a little bit consume and you know I carried
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away back in two thousand and eight, I had lost
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I lost everything pretty much. And one of the things
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that got me to the point where I lost everything
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was because I had this belief that I was always
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going to have It's always going to have an income.
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It was always going to be okay experience to let
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out for those things. And so my mentality was money's
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always going to keep company, and so I'm okay to
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keeps funny because it's really.
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You know, yeah, yeah, we do.
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Yeah, Okay. It's a thing to cost four or five
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hundred dollars and you've got you known extra undred dollars
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in other tin pre your one for it. And then
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when you have them ready ready, still different wants, you
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develop new hobs and behaviors. It's because you're you'll go
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for a candidate. So that's those are the visit things.
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That that leads me to the second question. I mean
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this was the third question, but I'll lead into it
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because we're discussing it right now. How can I create
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a budget spending plan that works.
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A lot of time? A good question. That's a good question.
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Sometimes people when they get a budget or they get
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it's kind of like the B finances, you know, it's like,
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oh no, it's kind of a bad cred a budget.
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It's gonna be too restrictive.
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It's gonna I don't want to have to you know,
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oo to.
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This podcast right now, and you're like I really need
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to give her. The first thing I would do is
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look for ninety these did you actually spend money and wait?
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Sure to dinner, out to lunch? Did you buy Do
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you have a bunch of subscriptions that you're still having
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today for the Where where does your money really go?
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Did you? You'd be you'd be surprised once you go
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back and look at all of the money that you
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spent things on yourself. Why did I spend that much
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money on this? Oh my gosh, I should have done that.
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So right now, as the recording in this video, it's August.
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So let's pretend that we do the last that's WHICHUD
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bet July, June, in May. So look at May and say, okay,
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I spent money. I spent this much money and I
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don't know going out to dinner or going out to
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lunch I spent In June, I spend this much money,
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and then in July I spent this much money. So
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what I would do is I would take the total
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from May, the total from June, and the total from July,
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and then freedom hundredge and say it was one hundred
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dollars in May one hundred and fifty dollars in June
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and two hundred dollars in July, so the average is
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one hundred and fifty. And said, now what I would
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say is, you know, moving forward, my coverage is one
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hundred and fifty dollars a month in going out to
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lunch and dinner. So do I is going out to
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lunch and dinner something that brings me value? This is
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a question you ask yourself. Does it bring you value?
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Does it make you happy? Does bring you joy? If
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it does, then and you want to keep doing it,
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then just make sure you stay under or at the average.
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FI Like, next month you might spend one hundred and
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seventy five. Well, then next week after that you might
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spend one hundred and twenty five. Your your average is
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still the one fifty. But you don't feel guilty that
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you went over the one fifty by paying the one
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seventy five. As long as you remain and you manage
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your expectations and your car habits, and the next month
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you kind of have a little bit less. If you're
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like you can't believech money on the right, need to
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save body, you can write rotores, or you can take lunch.
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You can make your own lunch, you know, and take
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it see if you can get that average down to
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one hundred pers Now you saved fifty dollars that you
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can put somewhere else that you can use towards getting
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out of dep So this isn't just an example. That's
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just one category of the things that you can do
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that with. You can do that with the kinds of
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spending that you have, Like how often it is you
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go buy clothing, how often do you buy you know,
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So there's two different kinds of expenses, Joseph. The first
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one is fixed expenses. Those don't change everybody. That's like
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your mortgage, your car, your stuff. Those are the things
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that stay the same, really change those unless you move
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a new car or you change yourself uplan. You sometimes
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can get a better deal on interest on insurance like
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car insurance and other things that even increase your affectibles,
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things of that nature. So there's ways to save money.
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The real savings is going to come from those very expenses,
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expecially that you kind of have full smoothly did it
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disinteresting with with another client, and then he said, don't
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think numbers, June's numbers and July's numbers, and then allow
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you within that to the average, and things that don't
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really make sense will increase the average on things you
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wouldn't be so spend on things you love, and don't
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spend on things you don't know. So try to reduce
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spending on the things that are bringing you that joy
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and happiness and increase spending for things to do something
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so in case of an emergency or case of anything
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that comes up, because if you get at it too funds,
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you might end up having an emergency.
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Yes that's true for you really for your herd.
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See friends, at least something. Just get something in savings
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in in case something happens you can use that savings
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for instead.
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Yeah, I mean, I agree. I take that point because
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I remember, I mean touching back, it's like, you know,
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I limit myself least twenty five dollars a week. If
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I go over, if I go under, it's like around
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that range because like you know before, if I have
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no limits, that's not good, and if I have all
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limits that's not good. At least it's in that ballpark range.
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So I mean, and also I put some aside for
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uh investments like that takes out every week, so that
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way I'm not seeing it and it's going somewhere.
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If I keep up people, it's really making sure that
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you think things going. So you know, M.
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Sure, sure, yeah, no problem.
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So seeks you know what I figure out to find
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out how to really read budget that works my personal
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story as I found, you know, seven eleven month leaked out.
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H At some point you don't have to track every penny.
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I would at least get good tracking is going for
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a couple of weeks. The way you can I get
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into words where are you gonna? Where is going? The
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more you'll be able to control and I'll just let
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it go to by the wayside, have spreadsheet, get into
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tech something that will help you tricky money efficiently, efectively,
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and that way you can do it. Now. I don't
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know if you know this, m M, so think.
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Right my.
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M oh sure.
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Hm.
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That that's in the description link before in Blow Blow
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It's in the description section in the podcast, so whoever
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sees the podcast, the link will be in there. And
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and and also getting back to that, uh, like you know,
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the writing everything down, I either write it down on
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paper or I have Google sheets and I put everything
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down on that so least I I track it. Oh yeah,
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it's good. I mean, like I mean, before I used
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to write everything out and then now I just you know,
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use Google sheets. It works.
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But getting up yeah I didn't.
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We shifted gears. But I'll get back to this question.
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How about building and emergency savings? How important that is?
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Ahead just as much less when we'll have the money.
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Since it's read, because.
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I see how much money is going out, you can
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get better control of your spending. We've got to free
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up three I can. That e book will show you. Honestly,
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that ebook will show you a way to get three
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to five hundred dollars in your bank account. They almost
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to be living at show in the videos, and they
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weren't all to say seven hundred dollars a month and
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use that course paying up debt selections. They were able
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to increase the rent score. I mean, there's a bunch
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of different things you can do once you start having
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some cash. I suggest is after you do some of that,
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build a savings account, build up your emergency fund first. Now,
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what's an emergency fund? That The traditional advice for emergency
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fund is three to six months of your bills. Well,
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if you've got to, if you've got let's say you
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got it you're paying I don't know. I'll find out
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what your audience you know, fluid they are. But let's
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say your bills are five thousand dollars. Well, three times
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five is fifteen, six times five is thirty. And if
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you're looking at man, I got an extra hundred bucks,
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how am I going to get ever get to thirty
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thousand dollars if you're I mean, like absolutely, just you know,
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forgetting I really want to do because it's so out
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of the realm of reality. What if you've saved, what
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if you were able to find is that before? So
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now you have six of our development, it's still going
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to be all you're gonna be able to fill that
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emergency found out much faster. So it's till ye suggests
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it take take that kind of gold to see from
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sixth instruments. That's the first thing I say, is one
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month of your and the first should have one month
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of your motag you're in. Then go get one month
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your car, get and save another wayne of the one
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that you have. Just categorize all of your spending so
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00:23:48.200 --> 00:23:50.319
you should know where your money is going. And all
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00:23:50.359 --> 00:23:54.240
those fixed expenses start with those. So let's say if
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your mortgage payments is so that you least I was
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an unsaving. So once you have one months of all
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your fixed expenses, now it's time to reevaluate and see
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if you can give one month your variole expenses. How
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often do you go? What do you of groceries? Set
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aside one month of your your seline for your car.
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Get one month of all we start building that. Once
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you get one month, that's a huge Christian Now you
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can start saying, okay, I can split this five hundred
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dollars up. Now I can do two hundred and fifty
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and start building towards a second month. I can start
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on the other two fifty fours my dent. There are
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some strategies that I most people. Let me just give
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you an example years ago, and from myself thought okay,
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so I was like, I'm gonna go I'm just kidding. Sure,
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So I did super excellent something, use some them.
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So I was gonna take your core money.
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That's the money. M hmm.
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Sounds sounds like sounds like what sorry, sorry to just
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cut you off, But it sounds like what people did
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during the pandemic, or they spent all of that hanging
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the dead off, but they didn't have anything in savings afterwards.
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You know what savings is more powerful? Keep my savings,
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don't worry about I can manage the debt for time.
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I can use that to get out of debt and quickly.
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You don't want to drain your savings because you just
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never know what's going to happen. I think too many
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people save lifting. There's a limit to how much money
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you should save and the once you hit that limits,
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so that money should spill over into investments if you
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00:26:46.079 --> 00:26:48.440
have a strong cushion of savings, and then once your
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savings is strong, spill that over into investments and really
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build something through the future. Does that make sense to us?
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Building an emergency.
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00:26:58.000 --> 00:27:02.039
FUNDA that makes that makes perfect sense? You know it
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00:27:02.200 --> 00:27:06.400
was like I mean, I I guess I don't I
297
00:27:06.440 --> 00:27:10.000
didn't do it that way, Like I put an investments,
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00:27:10.119 --> 00:27:14.759
but I mean emergency that's the way I should have
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done it. But I didn't do it that way. I
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00:27:18.640 --> 00:27:21.400
don't know why, But like, I guess that's a bad
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habit of mine. But I mean, after listening to you,
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I think I'm gonna, you know, take into account and
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work on the emergency fund.
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You know, yeah, I think your emergency put function first
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his fault at least fun.
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00:27:53.119 --> 00:28:06.599
Mm hmmm. So it's really the people's too soon and
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saved too and so saved too much and not invested.
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00:28:12.319 --> 00:28:15.680
So there's some people that huge savings account and no
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investments and some people that haven't dispense. M m.
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Mm hmm. Just mm hmm.
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Not not not not all your starting to cut you off,
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not just the last twenty years, the last month, like
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imagine like having all that money and.
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00:28:52.119 --> 00:28:55.200
Uh SpaceX and all of a sudden they're crashing.
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00:29:02.119 --> 00:29:19.119
Let's yeah, which to speak, You're going to have this
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discipline first, and then you once you have the discipline,
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00:29:21.519 --> 00:29:23.720
then you speed it up. If you try to speed
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00:29:23.720 --> 00:29:27.079
it up before you have the discipline, you're gonna chase me.
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00:29:28.359 --> 00:29:30.799
A likelihood of having a problem as much higher if
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00:29:30.799 --> 00:29:34.279
you don't the discipline first and speed it from me.
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Yeah, I take that point, and I mean I think
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on that note, we'll wrap up the podcast. We're almost
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at the thirty minute mark. Is there anything you'd like
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00:29:50.559 --> 00:29:54.960
to plug before we uh exit the podcast?
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That's actually haven't.
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H see.
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Yah, h m.
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00:30:33.640 --> 00:30:34.559
Hm hmm.
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00:30:35.759 --> 00:30:40.720
A bit of some Pacific but just some really you need.
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First step to be able to create financial freedom is
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00:30:43.599 --> 00:30:47.039
to spend less than you make, make milities to learn
332
00:30:47.119 --> 00:30:51.319
to live within your meal instead. Book I shared with you,
333
00:30:52.000 --> 00:30:54.759
which is a cluff dot com for slings free gift
334
00:30:56.119 --> 00:30:58.359
books can help you kind of get the first steps
335
00:30:58.720 --> 00:31:02.440
and then in my system and if you want to,
336
00:31:02.680 --> 00:31:04.839
you know, big me is your coach to kind of
337
00:31:04.880 --> 00:31:10.559
go into it more deeply. Then you can just YouTube channels.
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00:31:10.599 --> 00:31:14.039
Well do you go to YouTube find you take the
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00:31:14.119 --> 00:31:16.480
personally just love a research limit.
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00:31:22.359 --> 00:31:26.799
Okay, Well, thank you for being on the podcast Paris
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00:31:28.079 --> 00:31:33.359
and uh, good luck with everything you do in your ventures.
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00:31:34.599 --> 00:31:35.240
Thank you very much.
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00:31:35.279 --> 00:31:44.440
You have a great day. Hey friends, it's Wolfman Joe
344
00:31:44.640 --> 00:31:50.079
from the Joseph Vivaldi Network. If you enjoy our podcasts
345
00:31:51.119 --> 00:31:55.039
and want to help keep the shows going, you can
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00:31:55.119 --> 00:32:00.759
support us at buy me a Coffee dot com, the
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00:32:00.920 --> 00:32:06.480
Joseph Slash, the Joseph Vivaldi Network. Even just a dollar
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helps us create more episodes, more content, and keep the
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network alive. Think of it as buying us a coffee,
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but you get all the entertainment in return. Thanks for
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your support. You're part of this journey.
1
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We all search for happiness.
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We search within a job, in.
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A person, or with life. We search for love, within
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a passion for life, for someone to care for. This
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is an ending that could never be duplicated. It is
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a beginning that Jerry's on every day.
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00:00:31.640 --> 00:00:39.399
In a world that changed when uncertain came the new normal.
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One voice kept asking the questions others were afraid to
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ask me. Joel Vexter is reporter Joe Exter and the
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Pandemic Era, navigating crisis and economic downturn. This isn't just
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a story, It's a front row seat to survival in
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a time of chaos. From every economic to everyday resilience.
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Jove exter Me takes you inside the headlines, breaking down
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what really happened and how people push through when everything
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felt like it was following apart. Real insights, real struggles,
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real comebacks. Whether you're rebuilding, reinvesting, or just trying to
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make sense of it all, this book speaks your language.
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Now available and audiobook, unkindled or unaudible and kindle, perfect
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Or grab the print ebook and experience the journey Your
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way becomes every story is told, every story can teach
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you how to rise. Joeh. Exter and the Pandemic Era
23
00:02:31.840 --> 00:02:39.840
Navigating Crisis and Economic Downturn by jove Xter Is Reporter.
24
00:02:40.879 --> 00:02:49.560
Your next chapter starts now. We had some technical difficulties
25
00:02:49.759 --> 00:02:55.360
in this recording of this podcast for the Joseph Vivaldi Podcast.
26
00:02:56.919 --> 00:03:02.000
For the interview with Paris Clough. Here are some of
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00:03:02.000 --> 00:03:08.960
the highlights of what was recorded and salvaged. I hope
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00:03:08.960 --> 00:03:15.280
you enjoy. Hello, this is the Joseph Valdi Podcast. I'm
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00:03:15.400 --> 00:03:24.280
with special guests Paris koof Right Cluff. Paris Cluff, he
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00:03:24.520 --> 00:03:31.479
is a certified financial education instructor through the National Financial
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00:03:31.719 --> 00:03:38.639
Educators Council. He helped thousands, hundreds and earth thousands of
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00:03:38.800 --> 00:03:43.719
people learn how to manage, protect, and grow their money,
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00:03:44.919 --> 00:03:52.039
and he has learned to turn income into well for
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00:03:52.319 --> 00:03:55.840
many of those people. So Paris, take it away.
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Awesome, thanks for having shelcome so many podcasts, so many
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YouTube videos.
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She seems that it's.
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00:04:23.680 --> 00:04:31.199
All bombing him. Just help you learn. Let it just
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00:04:31.199 --> 00:04:34.839
really it's out there. We went down to what exactly
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00:04:34.879 --> 00:04:37.480
fits for you in your personal financial situation and then
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help you look yeah, so that you can actually sure.
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I mean the biggest, the biggest key point that at
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least I feel is like before I used to be
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one that beat myself up for never getting ahead and
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everything else, and then I realized I realized that, I
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realize you just got to enjoy and take it day
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by day. If you want to coffee, you know, have
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a coffee, but don't like go overboard and overspend. So
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00:05:15.720 --> 00:05:21.879
what what would you king into the first question how
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to get out of debt and stay out of debt.
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And that's a problem for many people nowadays.
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That's jes A H two to real legitimate. In my opinion,
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there's a legitimate I would call it even a conspiracy,
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a legitimate conspiracy to keep us in debt, keep us
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done in position. So the potential slaves to the whole system.
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And so once you kind of get an awareness of like,
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wait a minute, it's really happening, I want I don't
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kind of resolved to what them people are in debt
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because they haven't met people, because they had a legitimate
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emergencies the things too. So let's let's help you figure
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that out. I think one of the big biggest things
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just consumerism.
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What we're gonna say, Joseph, I'll tell you. For me,
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it was the pandemic. You know, it was like one
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of those things where me personally, I was hospitalized and
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then it was like all that anger is spending afterwards.
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But it was like I realized.
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My mistakes and I'm paying everything down and I'm owning
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that that now and I'm moving day to day. But
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it was like, you know, it's a pandemic. The pandemic.
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Uh happened and changed a lot of people's living, especially
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in my own.
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Such like if you get an intern to see happened,
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like two thousand and eight, there's the snowball, meth fad,
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bunch meth fad, there's stubble and books math, there's a negotiation,
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and there's really for ways to get out of death.
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You have to realize what was really the cause of this?
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Was it just my habits, my behaviors. Was I just
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glutting a little bit consume and you know I carried
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away back in two thousand and eight, I had lost
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I lost everything pretty much. And one of the things
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that got me to the point where I lost everything
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was because I had this belief that I was always
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going to have It's always going to have an income.
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It was always going to be okay experience to let
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out for those things. And so my mentality was money's
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always going to keep company, and so I'm okay to
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keeps funny because it's really.
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You know, yeah, yeah, we do.
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Yeah, Okay. It's a thing to cost four or five
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hundred dollars and you've got you known extra undred dollars
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in other tin pre your one for it. And then
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when you have them ready ready, still different wants, you
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develop new hobs and behaviors. It's because you're you'll go
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for a candidate. So that's those are the visit things.
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That that leads me to the second question. I mean
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this was the third question, but I'll lead into it
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because we're discussing it right now. How can I create
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a budget spending plan that works.
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A lot of time? A good question. That's a good question.
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Sometimes people when they get a budget or they get
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it's kind of like the B finances, you know, it's like,
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oh no, it's kind of a bad cred a budget.
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It's gonna be too restrictive.
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It's gonna I don't want to have to you know,
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oo to.
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This podcast right now, and you're like I really need
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to give her. The first thing I would do is
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look for ninety these did you actually spend money and wait?
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Sure to dinner, out to lunch? Did you buy Do
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you have a bunch of subscriptions that you're still having
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today for the Where where does your money really go?
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Did you? You'd be you'd be surprised once you go
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back and look at all of the money that you
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spent things on yourself. Why did I spend that much
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money on this? Oh my gosh, I should have done that.
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So right now, as the recording in this video, it's August.
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So let's pretend that we do the last that's WHICHUD
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bet July, June, in May. So look at May and say, okay,
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I spent money. I spent this much money and I
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don't know going out to dinner or going out to
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lunch I spent In June, I spend this much money,
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and then in July I spent this much money. So
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what I would do is I would take the total
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from May, the total from June, and the total from July,
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and then freedom hundredge and say it was one hundred
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dollars in May one hundred and fifty dollars in June
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and two hundred dollars in July, so the average is
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one hundred and fifty. And said, now what I would
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say is, you know, moving forward, my coverage is one
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hundred and fifty dollars a month in going out to
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lunch and dinner. So do I is going out to
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lunch and dinner something that brings me value? This is
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a question you ask yourself. Does it bring you value?
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Does it make you happy? Does bring you joy? If
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it does, then and you want to keep doing it,
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then just make sure you stay under or at the average.
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FI Like, next month you might spend one hundred and
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seventy five. Well, then next week after that you might
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spend one hundred and twenty five. Your your average is
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still the one fifty. But you don't feel guilty that
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you went over the one fifty by paying the one
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seventy five. As long as you remain and you manage
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your expectations and your car habits, and the next month
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you kind of have a little bit less. If you're
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like you can't believech money on the right, need to
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save body, you can write rotores, or you can take lunch.
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You can make your own lunch, you know, and take
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it see if you can get that average down to
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one hundred pers Now you saved fifty dollars that you
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can put somewhere else that you can use towards getting
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out of dep So this isn't just an example. That's
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just one category of the things that you can do
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that with. You can do that with the kinds of
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spending that you have, Like how often it is you
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go buy clothing, how often do you buy you know,
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So there's two different kinds of expenses, Joseph. The first
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one is fixed expenses. Those don't change everybody. That's like
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your mortgage, your car, your stuff. Those are the things
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that stay the same, really change those unless you move
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a new car or you change yourself uplan. You sometimes
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can get a better deal on interest on insurance like
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car insurance and other things that even increase your affectibles,
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things of that nature. So there's ways to save money.
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The real savings is going to come from those very expenses,
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expecially that you kind of have full smoothly did it
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disinteresting with with another client, and then he said, don't
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think numbers, June's numbers and July's numbers, and then allow
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you within that to the average, and things that don't
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really make sense will increase the average on things you
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wouldn't be so spend on things you love, and don't
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spend on things you don't know. So try to reduce
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spending on the things that are bringing you that joy
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and happiness and increase spending for things to do something
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so in case of an emergency or case of anything
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that comes up, because if you get at it too funds,
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you might end up having an emergency.
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Yes that's true for you really for your herd.
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See friends, at least something. Just get something in savings
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in in case something happens you can use that savings
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for instead.
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Yeah, I mean, I agree. I take that point because
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I remember, I mean touching back, it's like, you know,
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I limit myself least twenty five dollars a week. If
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I go over, if I go under, it's like around
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that range because like you know before, if I have
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no limits, that's not good, and if I have all
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limits that's not good. At least it's in that ballpark range.
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So I mean, and also I put some aside for
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uh investments like that takes out every week, so that
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way I'm not seeing it and it's going somewhere.
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If I keep up people, it's really making sure that
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you think things going. So you know, M.
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Sure, sure, yeah, no problem.
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So seeks you know what I figure out to find
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out how to really read budget that works my personal
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story as I found, you know, seven eleven month leaked out.
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H At some point you don't have to track every penny.
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I would at least get good tracking is going for
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a couple of weeks. The way you can I get
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into words where are you gonna? Where is going? The
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more you'll be able to control and I'll just let
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it go to by the wayside, have spreadsheet, get into
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tech something that will help you tricky money efficiently, efectively,
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and that way you can do it. Now. I don't
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know if you know this, m M, so think.
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Right my.
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M oh sure.
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Hm.
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That that's in the description link before in Blow Blow
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It's in the description section in the podcast, so whoever
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sees the podcast, the link will be in there. And
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and and also getting back to that, uh, like you know,
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the writing everything down, I either write it down on
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paper or I have Google sheets and I put everything
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down on that so least I I track it. Oh yeah,
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it's good. I mean, like I mean, before I used
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to write everything out and then now I just you know,
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use Google sheets. It works.
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But getting up yeah I didn't.
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We shifted gears. But I'll get back to this question.
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How about building and emergency savings? How important that is?
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Ahead just as much less when we'll have the money.
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Since it's read, because.
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I see how much money is going out, you can
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get better control of your spending. We've got to free
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up three I can. That e book will show you. Honestly,
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that ebook will show you a way to get three
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to five hundred dollars in your bank account. They almost
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to be living at show in the videos, and they
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weren't all to say seven hundred dollars a month and
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use that course paying up debt selections. They were able
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to increase the rent score. I mean, there's a bunch
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of different things you can do once you start having
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some cash. I suggest is after you do some of that,
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build a savings account, build up your emergency fund first. Now,
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what's an emergency fund? That The traditional advice for emergency
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fund is three to six months of your bills. Well,
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if you've got to, if you've got let's say you
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got it you're paying I don't know. I'll find out
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what your audience you know, fluid they are. But let's
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say your bills are five thousand dollars. Well, three times
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five is fifteen, six times five is thirty. And if
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you're looking at man, I got an extra hundred bucks,
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how am I going to get ever get to thirty
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thousand dollars if you're I mean, like absolutely, just you know,
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forgetting I really want to do because it's so out
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of the realm of reality. What if you've saved, what
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if you were able to find is that before? So
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now you have six of our development, it's still going
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to be all you're gonna be able to fill that
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emergency found out much faster. So it's till ye suggests
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it take take that kind of gold to see from
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sixth instruments. That's the first thing I say, is one
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month of your and the first should have one month
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of your motag you're in. Then go get one month
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your car, get and save another wayne of the one
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that you have. Just categorize all of your spending so
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you should know where your money is going. And all
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those fixed expenses start with those. So let's say if
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your mortgage payments is so that you least I was
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an unsaving. So once you have one months of all
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your fixed expenses, now it's time to reevaluate and see
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if you can give one month your variole expenses. How
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often do you go? What do you of groceries? Set
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aside one month of your your seline for your car.
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Get one month of all we start building that. Once
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you get one month, that's a huge Christian Now you
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can start saying, okay, I can split this five hundred
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dollars up. Now I can do two hundred and fifty
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and start building towards a second month. I can start
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on the other two fifty fours my dent. There are
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some strategies that I most people. Let me just give
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you an example years ago, and from myself thought okay,
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so I was like, I'm gonna go I'm just kidding. Sure,
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So I did super excellent something, use some them.
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So I was gonna take your core money.
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That's the money. M hmm.
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Sounds sounds like sounds like what sorry, sorry to just
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cut you off, But it sounds like what people did
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during the pandemic, or they spent all of that hanging
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the dead off, but they didn't have anything in savings afterwards.
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You know what savings is more powerful? Keep my savings,
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don't worry about I can manage the debt for time.
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I can use that to get out of debt and quickly.
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You don't want to drain your savings because you just
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never know what's going to happen. I think too many
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people save lifting. There's a limit to how much money
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you should save and the once you hit that limits,
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so that money should spill over into investments if you
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have a strong cushion of savings, and then once your
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savings is strong, spill that over into investments and really
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build something through the future. Does that make sense to us?
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Building an emergency.
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FUNDA that makes that makes perfect sense? You know it
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was like I mean, I I guess I don't I
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didn't do it that way, Like I put an investments,
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but I mean emergency that's the way I should have
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done it. But I didn't do it that way. I
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don't know why, But like, I guess that's a bad
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habit of mine. But I mean, after listening to you,
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I think I'm gonna, you know, take into account and
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work on the emergency fund.
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You know, yeah, I think your emergency put function first
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his fault at least fun.
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Mm hmmm. So it's really the people's too soon and
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saved too and so saved too much and not invested.
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So there's some people that huge savings account and no
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investments and some people that haven't dispense. M m.
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Mm hmm. Just mm hmm.
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Not not not not all your starting to cut you off,
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not just the last twenty years, the last month, like
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imagine like having all that money and.
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Uh SpaceX and all of a sudden they're crashing.
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00:29:02.119 --> 00:29:19.119
Let's yeah, which to speak, You're going to have this
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discipline first, and then you once you have the discipline,
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then you speed it up. If you try to speed
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it up before you have the discipline, you're gonna chase me.
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00:29:28.359 --> 00:29:30.799
A likelihood of having a problem as much higher if
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you don't the discipline first and speed it from me.
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Yeah, I take that point, and I mean I think
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on that note, we'll wrap up the podcast. We're almost
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at the thirty minute mark. Is there anything you'd like
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to plug before we uh exit the podcast?
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That's actually haven't.
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H see.
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Yah, h m.
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Hm hmm.
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A bit of some Pacific but just some really you need.
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First step to be able to create financial freedom is
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00:30:43.599 --> 00:30:47.039
to spend less than you make, make milities to learn
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00:30:47.119 --> 00:30:51.319
to live within your meal instead. Book I shared with you,
333
00:30:52.000 --> 00:30:54.759
which is a cluff dot com for slings free gift
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00:30:56.119 --> 00:30:58.359
books can help you kind of get the first steps
335
00:30:58.720 --> 00:31:02.440
and then in my system and if you want to,
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00:31:02.680 --> 00:31:04.839
you know, big me is your coach to kind of
337
00:31:04.880 --> 00:31:10.559
go into it more deeply. Then you can just YouTube channels.
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00:31:10.599 --> 00:31:14.039
Well do you go to YouTube find you take the
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00:31:14.119 --> 00:31:16.480
personally just love a research limit.
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Okay, Well, thank you for being on the podcast Paris
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00:31:28.079 --> 00:31:33.359
and uh, good luck with everything you do in your ventures.
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00:31:34.599 --> 00:31:35.240
Thank you very much.
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You have a great day. Hey friends, it's Wolfman Joe
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00:31:44.640 --> 00:31:50.079
from the Joseph Vivaldi Network. If you enjoy our podcasts
345
00:31:51.119 --> 00:31:55.039
and want to help keep the shows going, you can
346
00:31:55.119 --> 00:32:00.759
support us at buy me a Coffee dot com, the
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00:32:00.920 --> 00:32:06.480
Joseph Slash, the Joseph Vivaldi Network. Even just a dollar
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helps us create more episodes, more content, and keep the
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network alive. Think of it as buying us a coffee,
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but you get all the entertainment in return. Thanks for
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your support. You're part of this journey.
