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| Name | Spend Less Than You Earn - How to Be Wealthly |
| Video Uploader | Video From Scott Weiss, CFP |
| Upload Date | This Video Uploaded At 04-02-2016 11:53:22 |
| Video Discription | Scott Weiss is a Fee-Only Certified Financial Planner. Learn the 8 Steps to Organize & Optimize Your Financial Life: http://bit.ly/OrganizeAndOptimize. In this video you will learn how saving more than you earn is your ticket to financial freedom. Subscribe to my channel: http://bit.ly/scottweisscfp ******************************************** Learn more about working with Scott at Weiss Financial Group Here: http://www.weiss-financial.com ******************************************** Subscribe to my blog: http://www.mahopacmoney.com ******************************************** Get Social -------------------------------- LinkedIn: https://www.linkedin.com/in/scottgweiss Facebook: https://www.facebook.com/WeissFinancialGroup Twitter: https://twitter.com/_scottgweiss ******************************************** Video Notes: ---------------------- This seemingly simple task is nearly impossible for many of us to do consistently and successfully. But, if you learn the rule early and stick to it, you will be well on your way toward financial freedom. So, what is the Golden Rule? Spend less than you earn. Spend Less Than You Earn Many of you working with us already know the rule. However, be sure to share this essential advice with your kids and grandkids to help set them up for financial success. If this is the first time you are hearing this advice, pay attention. Spending less than you earn is the first step toward creating a REAL financial strategy. If you spend more than you make the only place you can go is into debt. When your debt becomes unmanageable you lose your financial independence. This means you may have trouble affording to do the things in life you want to. The Benefits When you spend less than you earn you can have money to: Pay off debts Add to a retirement account Save for an emergency or rainy day Take vacations Buy a house Buy a new car Start a business My Advice Regularly set aside money the same way you would pay any other bill. By doing this, you carve out savings from what you earn as if it were an expense. "Never Spend Your Money Before You Have It" -Thomas Jefferson Think of it as the cost of purchasing your financial freedom! As a rule of thumb, aim to save at least 10% of what you make. What to Do if You are in Debt? If you are deep in debt, get educated about your money and create a plan to dig out. You will need to find ways to: Decrease your expenses Maximize your savings Online tools like First Step Cash Management, http://www.YouNeedaBudget.com, and http://www.Mint.com can help you monitor and control your cash flow. In addition, clients of Weiss Financial Group can track their spending in their Secure Client Website. I've found that these online tools really help you understand where your money is going so you can make informed decisions about your spending habits. Disclosure: ------------------- Weiss Financial Group is a registered investment advisor. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities product, service, or investment strategy. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser, tax professional, or attorney before implementing any strategy or recommendation discussed herein. Insurance products and services are offered through individually licensed and appointed agents in all applicable jurisdictions. The advisers at Weiss Financial Group are not attorneys of a law firm but can provide guidance to the client’s other professionals. Leave me a comment to ask any question or contact me through my website if you'd like to see if I can help you. [L30jmVVJZSk] |
| Category | Education |
| Tags | how to budget | money management tips | personal finance tips | how to manage money better | financial planning tips | scott weiss | scott weiss cfp | CFP | certified financial planner | certified financial planner new york | weiss financial group | wfg | weiss financial | spend less than you earn | spend less than you make | how to become wealthy | how to be wealthy |
