Becoming The Hero

Ep 23: So You Have Bad Finances?

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Welcome back to the 23rd episode of the Hard Thing Podcast!

Today, we chat about money.

***

In today's episode, I talk about finances. I’m not a financial expert, and this isn’t professional financial advice. These are just some principles I’ve observed and learned from making mistakes and trying to do things right.

Basically, there are 3 stages of finances.

  1. Cashflow stage
  2. The Short Term Stage
  3. The Long Term Stage

    4. For each, there are a few things to focus on.

    Cashflow Stage:

    1. Decrease expenses
    2. Increase Income

      3. Short Term Stage:

      1. Build an Emergency Fund
      2. Pay off Consumer Debt

        3. Long Term Stage

        1. Build a Wealth Machine
        2. Plan for Every Possibility.

          3. ***

          In the show, we also talk about our new show sponsor, Audible. They are a premier audiobook platform that offers over 180,000 different titles you can listen to from your iPhone, Android or any other device. Audible is offering listeners of The Hard Thing Podcast a free Audiobook and a free 30-day trial.

          To take advantage of this, go to audibletrial.com/thehardthingpodcast to get signed up today

          . ***

          ACTION ITEMS:

          1. Start a budget
          2. Write Down ways to Increase Income
          3. Pay $10 to the emergency fund or to pay off debt
          4. Write down how much money per month you want to earn when older than 65
          5. Investigate different wealth building machines

            6. ***

            Thank you so much for listening to the podcast. I really appreciate it because I couldn't keep this going without you. Let's go back to the deal I made you earlier. Did you find value from listening to this episode?

            If yes then:

            1. Share the podcast with one person who could really use it.

            2. Reach out to me on Facebook and Instagram. Let me know how the podcast is going.

            3. Leave a rating and a review.

            4. Subscribe to the podcast so you don't miss any episode. We are on Google Play, Apple Podcasts and Spotify.

            5.Check out the blog.

            6. Support the Podcast. Go to anchor.fm/thehardthing/support and donate to help us make better content.

            7. Share our campaign to raise $1k for OUR. Here’s the link: gf.me/u/wat89x

            Again thanks so much for listening, and stay tuned to next week. Keep doing Hard Things, and Keep Overcoming Average.

            ---
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            Becoming The HeroBy Justin Lewis
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