FI after 40 Podcast

Ten Core Money Rules to Optimize Your Finances

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Episode 15: For anyone who has struggled with money, I pulled together a list of core rules that will help get your finances on track. While I don't claim to be a financial expert, I am part of a broader community of people who are all focused on living a financially responsible lifestyle. So these bits of wisdom are pulled from that pool of people.

A recent Twitter thread started with a simple question: What are your top 3 money rules? I highlight ten of these responses and add my thoughts.

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  • Discovered the podcast and has found inspiration and motivation from the stories
  • It’s important for people to hear that others are coming from the same place
  • I love that she’s looking to live with intention
  • One of the best parts of this is the community and the support
    • Ten Money Rules
    1. @partnersinfire: Pay yourself first (invest & save)
    2. @HannahHakodesh: Cancel any subscription that you don’t use like kindle app
    3. @matthewlee7: 3 month liquid, non-invested emergency fund minimum
    4. @IQbySusieQ: Always pay off my credit card bill.
    5. @KUWTBulls: Prioritize increasing your income over cutting spending
    6. @alifeonadime: ALWAYS take the employer match on retirement!
    7. @fightToFIRE1: Think about price/quality, don't just blindly go for the cheapest
    8. @joneytalks: Health before wealth
    9. @MichLovesMoney: Never, ever have debt. None of it is "good"
    10. @adimesaved: Budget. Budget. Budget

      11. Blog post: 51 eye-opening money rules to live by

      The FI after 40 Manifesto

      The four key points I make in that piece are commitments I make to myself and to my audience.

      • I know where you’re coming from. I might not share your exact story, but I know the feeling of not quite living up to the potential you know is inside yourself. I’m not your guide. I’m your partner on the journey.
      • I am determined to move forward and make gradual progress. I will share that progress so you can see that it works.
      • I will continue to fail. But I will do so while trying to improve my life and I will learn and grow. I will stop failing through inactivity and toxic avoidance.
      • I will share successes and motivation. I want to hear from others who have learned and are making progress in life. That message will be broadcast loud and clear.

        • Blog post: The FI After 40 Manifesto

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        FI after 40 PodcastBy Ben Reeder
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