It's Not About The Money

The power of focus

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Tyler has a breakthrough in saving for his true expenses, and it's about more than just rearranging the financial deck chairs. 

What are the benefits of focusing on one goal at a time? Why do high net worth individuals still benefit from budgeting? And why does Steve allocate some of his "fun money" to an emergency fund? 

  • (00:00) - Dog talk
  • (03:06) - Too many goals
  • (06:44) - Doubling down on an emergency fund
  • (11:41) - A reverse debt snowball
  • (14:32) - Steve's fun money emergency fund
  • (16:46) - A tool for understanding opportunity costs
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    Links: 

    • Our episode about Dave Ramsey's "The Total Money Makeover": https://notaboutmoney.com/episodes/book-club-total-money-makeover 

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    Steve Nay: 

    • https://daybreaktax.com/ 
    • https://www.linkedin.com/in/nsteven/ 


    Tyler Smith: 

    • https://www.tylersmith.io/ 
    • https://www.linkedin.com/in/tylersmith-io/ 
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    It's Not About The MoneyBy Steve Nay and Tyler Smith