Plan like you’re going to live forever and live like you’re going to die tomorrow. If in any area of our life, we ought to apply this principle to financial planning and more specifically budgeting.

 

In this follow-on episode, I go further into budgeting talk with Certified Financial Planner Grant Goodwin. Grant is an independent financial advisor with LPL Advisors who has seen the industry from multiple angles over the course of the last two decades.

 

In this episode we discuss:

* How budgeting can prevent you from falling into debt and help you learn what you can do better

* The fact that companies and countries cannot run without budgets

* The reality that we all make mistakes

* The dangerous combination of privilege, no discipline, and “easy” money

* How its never too late to start handling your finances wisely

* Setting goals, then taking baby steps

* Keeping your budget simple

* Enjoying life, but planning for tomorrow

* Living within your means

As always, you can subscribe to The Post Money Plan podcast here.