The Human Revolution with Dylan Bain

On this week’s episode of Fiscally Savage we’re discussing part two of the system problem. Dylan will talk you through setting yourself up for the lumpiness of life and an in depth discussion about debt. How to pay it off? When to pay it off? What are the best methods for paying off debt? All will be revealed in this episode.

0:00 - 1:30 - Introductions.

1:32 - 3:30 - Outlining today’s topic and recapping last week’s episode, “The System Problem”.

3:30 - 5:05 - One simple truth about life, it’s lumpy! How do we solve this?

5:07 - 5:50 - Split your online savings into a different bank account, create friction between that and your main account.

6:00 - 6:42 - Be aware of minimums and fees!

6:50 - 13:00 - Debt, how to pay it off, when to pay it off and everything in between.

13:00 - 15:00 - What method do we use to pay off debt? Snowball method vs Avalanche method.

15:00 - 17:30 - “Wouldn’t it be better if I invested that money?”.

17:30 - 20:30 - Consumer loan debt vs Mortgage debt.

20:30 - 22:00 - Don’t drink the Kool Aid about tax benefits for paying mortgage interest.

22:00 - END - Wrap-up & Outros.

Welcome to Fiscally Savage episode 5, where today we discuss systems, how they’re designed to work against you and how you can manipulate them to work in your favor and capitalize on their flaws to enhance your finances on your path to correcting your spending habits and growing your savings.

0:00 - 1:24 - Introductions.

1:24 - 3:00 - Outlining today’s topic, the system problem.

3:03 - 4:40 - Example of system problems (Your meal plan).

4:45 - 6:39 - Another example of system problems (The education system).

6:40 - 7:20 - Credit card reward points are designed to keep you in debt.

7:15 - 7:40 - You can bend these systems to your own benefit.

7:45 - 9:00 - Step 1: The Plan.

9:03 - 11:00 - Step 2: List Your Expenses.

11:02 - 13:10 - Step 3: Do The Math (Look at your bottom line).

13:10 - 13:55 - Separate your Checking account and your Savings accounts into different places.

15:00 - 16:20 - Check your bank account every single day.

16:25 - 18:45 - Step 4: Executing The Plan.

19:00 - 21:33 - Step 5: Review your progress, what went well? What went bad?

21:35 - END - Wrap-up & Outros.

Welcome to Fiscally Savage where today we dig into the objections and pitfalls you will face on your path to F U money and getting your finances together. We’ll discuss these in detail and teach you how to deal with each of them in an effective manner, giving you the tools and knowledge to beat down every obstacle in your way.

 0:00 - 1:50 - Introductions.

1:50 - 3:49 - Outlining this episode’s topic.

3:59 - 6:10 - Objection one, people don’t want to lose flexibility.

6:10 - 7:51 - Objection two, “I don’t have time”.

7:52 - 10:30 - Objection three, “I don’t have enough money.” Or “I’m not that poor”.

10:35 - 13:49 - Objection four, “My spouse or partner won’t help me with this.”

13:52 - 15:40 - Objection five, “Looking at my spending and debt makes me feel uncomfortable”.

15:45 - 16:20 - Reviewing and discussing the five objections.

16:25 - 17:05 - Pitfall one, lacking the vision.

17:07 - 18:10 - Pitfall two, lack of communication.

18:14 - 19:50 - Pitfall three, “Let’s invest”.

19:56 - 22:00 - Pitfall four, taxes.

22:00 - 22:50 - Recapping and discussing the objections and pitfalls and how they fall into two categories.

22:50 - END - Wrap-up & Outros

Welcome to Fiscally Savage where today we get started on the steps to laying a foundation. In this episode we give you 5 steps to correcting your budgeting and starting your journey towards F You money and financial freedom. Join us for insightful content to help you escape the boundaries of debt and poor cash flow.

0:00 - 1:50 - Introductions.

2:00 - 3:10 - My journey to FU money and financial freedom.

3:15 - 3:30 - Time is money!

3:40 - 4:40 - Step 1: What is your why? Why do you want to have this budget?

4:45 - 7:50 - Step 2: Get the lay of the land, looking at your cash flow.

7:54 - 9:30 - Step 3: Do the math! Don’t get math anxiety though, all we need is the basics.

9:34 - 12:40 - Step 4: Allow yourself to face the truth, this is the fun part!

12:45 - 14:00 - At this point you should be beginning to see what the issues are!

14:00 - 15:00 - How to control a spending problem, budgeting.

15:30 - 17:30 - Step 5: Time to write a budget for the life you have right now. What are your must haves?

17:40 - 18:20 - Recapping the 5 main steps to fixing your budgeting.

18:20 - END - Wrap-up, outlining the next episode and outros.

Today we get started on the steps to creating your vision. In this episode discussion includes, how realizing your vision is first and foremost to create the life you desire. With 5 steps to follow and 5 action points to start this engaging episode provides the tools you need to get started on your goals and achieve your dreams.  

0 – 1.30 – Introduction to the show.

1.31 – 3.35 – The importance of a vision.

3.36 – 5.29 – Step 1: Give yourself permission to dream.

5.30 – 7.54 – Step 2: Ask yourself where you want to be in 1, 5 and 10 years.

7.55 – 9.43 – Step 3: Visualize your life at those checkpoints.

9.44 – 11.48 – Step 4: Allow the vision to be emotional.

11.49 – 14.16 - Step 5: The Clock is ticking.

14.17 – 19.43 - Five action points to help you start.

19.44 – 20.32 – Short recap of the five steps and action points.

20.33 – 21.19 – Acknowledgements and promotion.

On episode one of Fiscally Savage we discuss what it means to be fiscally savage and introduce you to the first step of breaking away from the chains that tie us down. I hope you enjoy this thought-provoking introduction episode and look forward to bringing you more episodes. The aim is to share my own experiences and help you to break free from the chains of debt and social pressures simply by having a vision and the courage to breakaway.