MORE MONEY Part 1: 8 steps to spend less | Step 8 will really change how you think.

The first actionable step you need to take in your wealth journey is freeing up some money. You may need to pay down some debt, stop living paycheck to paycheck, or simply increase how much you’re investing. Where ever you are in your journey, AJ covers what you need to do to take a big step forward.

1. Stop spending it
1. Increase friction
  1. Dave Ramsey talks about spending cash
    1. https://www.forbes.com/sites/billhardekopf/2018/07/16/do-people-really-spend-more-with-credit-cards/?sh=1bd965511c19
2. Hide your cards for emergencies only
3. Budget!!!
  1. Plan a budget where you can free up 15%
  2. Mint.com
4. Write down your expenses
5. Look to find cheaper solutions to reoccurring charges
  1. Like insurance
  2. Start small
6. Adopt the 30 day rule for large purchases
  1. https://www.listenmoneymatters.com/what-is-the-30-day-rule/
7. Avoid FEES like the plague
  1. https://www.cnbc.com/2020/07/14/us-households-spend-an-extra-577-dollars-annually-on-hidden-bill-costs.html
8. Look at the FUTURE cost of the item

Shoutouts

Dave Ramsey – https://www.youtube.com/user/DaveRamseyShow Join Webull and get 2 FREE STOCKS after you transfer $100 or more: https://act.webull.com/promotion/invitation/share.html?inviteCode=YGUxWYdsbWwj

AJ Sheff

After attempting college, AJ joined the Marine Corps. When he left active duty, he worked in retail for a few years before returning to college. Several years later AJ was awarded his Bachelor in Science in Computer Science. Soon after, AJ began working in the tech industry as a Junior Developer. AJ continues to work in tech, however, he began to cultivate a passion for personal finance. For AJ, the concepts began to click and he felt a need to help others understand how to be financially free. If AJ can do it, any Idiot can.
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