Totally Extra with Jess and Jeremy

Ep 8 Financial Fitness


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We're talking all about financial fitness!

Let's start with one of Jessica's favorite books by Ramit Sethi I'll Teach You to Be Rich.

Then set spending priorities if you aren't a budget person.

Automate all your finances.  Starting with automating paying yourself first.  Set up your direct deposit to your savings or investment accounts.  Then set up all your payments and bills to be paid automatically.

Appreciate how far you've come in your finances since your first job and/or your early twenties.  Yes you probably have financial goals still to meet, but be positive about the things your doing right.  And do more of the things that come easy to you.

Check your withholding.

Pay off high interest debt.

Pay off student loans.

Value purchases.  Shop for the best deals and really think through the 'additional' costs of those purchases and the overall value.

Estate Planning!  No one really wants to do this but everyone needs to.

Plan for retirement.  Work with a financial advisor to put together the best suite of financial products specific to your needs.  

Plan for the cost of kids if you are planning to have kids.  Plan for college savings if you have kids.

Insurance is important.  Make sure you are covered.  We might do a whole separate episode on this with Jessica's favorite insurance agent.

Get an accountant if you make over 100k per year or if you own a business. 


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Totally Extra with Jess and JeremyBy Jessica Davies and Jeremy Lopez