In todays' episode we are going to talk about how to Stop Being Broke and Start Managing Your Money like a Millionaire ! Are you ready to take control of your finances and thrive in 2024? Let's talk about it!

We're going to get into :

1.Setting The Proper Frame: Money should be managed with a qualitative and quantitative approach. Quantitative involves budgeting - understanding how much money is coming in and going out to maintain a net positive cash flow.

2. Knowing Your Projected Expenses: Use a simple spreadsheet to make educated guesses about your expenses; it gives context to your spending habits and helps set realistic targets.

3/ Verifying and Adjusting: Compare your projected expenses to your actual spending. This step offers insight into your spending habits and helps in setting a realistic budget. George suggests a "stretch zone" approach for budgeting.

4/ The Qualitative Framework: Does your spending align with what you truly value? Understanding your value system helps prioritize spending and align it with your goals.

5/ Having Specific Accounts: George recommends having different accounts for variable expenses, bills, emergency fund, emergency reserves, and major expenses. This systematic approach helps manage money effectively.

6/ Having Money Date: Schedule a weekly money date to review your spending and recalibrate if necessary. It's a proactive way to stay on track with your financial goals.

and more!

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