Paying yourself first means to systematically take from your pay and either save the cash or invest for your future. This is one of the key strategies that most of the wealthy have in common. If you need a way to get yourself out of the week to week struggle this is a good episode to start with.
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30:11
Hold Emergency Cash Reserves
Cash reserves are a fundamental part of a financial plan. A cash reserve will not only give you control of your day to day spending but give you the confidence to start leveraging your money.
This week Dean explains how, where and why to hold a cash reserve and even gives examples of investing your cash reserve for extra benefits.
Cash reserves are also detailed in our eBook, get your copy at www.moneylounge.co
Join in the conversation at https://www.moneylounge.co/ or in our Facebook group at https://www.facebook.com/groups/moneylounge.co/
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22:32
Start Investing Now - Don't wait
A question we get asked a lot is "where do we start investing?"
Our advice is to just start. Get started now and don't wait. Listen to Dean talk about why this is one of the most important steps.
Don't forget to download our free eBook at https://www.moneylounge.co/sign-up
Join in the conversation at https://www.moneylounge.co/ or in our Facebook group at https://www.facebook.com/groups/moneylounge.co/
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2:27
How Do Shares Make Money?
How to explain to your 11 year old daughter the way shares make money. We'll give you a simple way to explain to your children how the share market makes a profit, or loss in some cases.
Join in the conversation at https://www.moneylounge.co/ or in our Facebook group at https://www.facebook.com/groups/moneylounge.co/
Welcome to the money lounge, where we encourage money conversations
Our goal is to make all things financial simple enough that a 12-year-old could understand.
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