Townley's Money Basic$

It’s time to dream BIG!!! The most fun part of the 50/30/20 spending plan is the 30% Wants bucket. Here is where you can upgrade your lifestyle after you have taken care of the Savings and Essentials splurge on those wants!

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Part of our 50/30/20 plan is retirement. Pay yourself that 20% before you do anything else! We breakdown how to get possibly get free money from our employers and to put ourselves in a position to retire on our own terms. 

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This week I want you to take some time to write down your essentials. These essentials are what you need to survive in the event you lose your job or other income. This will be the starting point for determining our emergency fund.

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How do you make money when you don’t go to work? You invest! Let’s take that money you saved and put it to work for you!

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Email - [email protected]

LinkedIn - @shawntownley

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Web - https://shawntownley.com

In this week’s challenge we talk about finding ways to pay ourself first. There are many ways to automate this process so it doesn’t even feel like you are missing money! Tell me how you pay yourself first. [email protected], LinkedIn @shawntownley, ShawnTownley.com.

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Email - [email protected]

LinkedIn - @shawntownley

Twitter - @shawntownley

Web - https://shawntownley.com

Credit. Buy now pay later. It is so easy today to take possession of a new item in exchange of future debt (plus interest). Understand for that instant gratification you are exchanging debt (liability) that will need to paid later at a cost to your goals.

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LinkedIn - @shawntownley

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We listed out assets. We have listed our liabilities. It’s time to put it together.
Assets - Liabilities = Net Worth

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Email - [email protected]

LinkedIn - @shawntownley

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Web - https://shawntownley.com

One of my favorite topics about money is MAD MONEY. Why do I like it? Because that is your guilt free spend it however you want money. It is the secret to living a healthy life with your money.

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LinkedIn - @shawntownley

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Weekly Challenge #7 - Liabilities. Today we start to find all of those money commitments we have. This is the second part of the Net Worth equation. Gather them up and let’s see what happens next week. 

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Email - [email protected]

LinkedIn - @shawntownley

Twitter - @shawntownley

Web - https://shawntownley.com

This week we are talking net worth. Time to gather all your assets and liabilities and see how much we are worth in money. 

Support the show

https://www.buzzsprout.com/1768523/support

Email - [email protected]

LinkedIn - @shawntownley

Twitter - @shawntownley

Web - https://shawntownley.com