“It doesn’t matter how much money you make, it’s how much you keep” - B.I.G. Dreamz
Listen in as B.I.G Dreamz, J Dragon, and T Rex lay out why budgeting is important. Tune in to discover how to implement a budget plan that will allow you to be in control of your finances and will shift the way that you speak about money.
Join in the conversation to discover:
- Why is budgeting important? Dreamz, who works in the financial industry, shares how he wants you, the listeners, to win [03:49]
- J Dragon tells about the poor spending habits he experienced while growing up [04:32]
- T Rex shares about the scarcity mindset he had growing up and what he saw when he moved to America [05:18]
- Dreams breaks down his financial journey and where it all started for him [06:33]
- Step One: Which part of your budget is prepared first? [07:41]
- The one thing that most people are spending way too much money on [08:49]
- This is one of the first things you need to do when preparing your budget plan [10:03]
- T Rex shares what motivates him to stay in budget [10:54]
- Hear how J Dragons perspective drastically changed about finances after he got married [12:03]
- Some advice for men who are in relationships [15:59]
- Budget like a pro: What is the 50-30-20 method and how can it help you with your budgeting? [18:25]
- Net and gross income… what’s the difference? [19:58]
- The second step to successfully implementing the 50-30-20 method? [20:49]
- Where do groceries fit into your budgeting plan? [21:14]
- J Dragon discovers the importance of budgeting [24:48]
- What is the third step and how will this change the way you manage and prepare your budget? [28:16]
- What are the benefits of doing a bi-weekly budget and what is stress spending? [30:15]
- Where does fun money fit into your budget? [32:41]
- How do you organize your savings account? [34:58]
- The importance of separating your money [38:21]
- A recap of how to prepare your budget: Step four [41:31]
- What does it mean to pay yourself in your budget plan? [43:47]
- The Experiment of the Day to help you budget like a pro [45:45]
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