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3308: Interesting Financial Rules to Follow by J. Money of Budgets Are Sexy on How to Budget Successfully

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Manage episode 511297357 series 2394769
Content provided by Optimal Living Daily LLC and Optimal Living Daily | Diania Merriam. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Optimal Living Daily LLC and Optimal Living Daily | Diania Merriam or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.

Episode 3308:

J. Money unpacks a variety of common financial rules of thumb, covering housing, retirement, life insurance, budgeting percentages, and saving for college, and questions how useful they really are in practice. His reflections reveal that while these rules provide handy benchmarks, personal circumstances and priorities often tell a different story, encouraging a more flexible, individualized approach to money.

Read along with the original article(s) here: https://www.budgetsaresexy.com/interesting-financial-rules-of-thumb-to-follow/

Quotes to ponder:

“Spend no more than half of your income on living expenses, keep discretionary items to 30%, and save the rest.”

“You can afford a home that’s two to four times your annual gross income.”

“You need life insurance equal to eight to 10 times your annual pretax income.”

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

4111 episodes

Artwork
iconShare
 
Manage episode 511297357 series 2394769
Content provided by Optimal Living Daily LLC and Optimal Living Daily | Diania Merriam. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Optimal Living Daily LLC and Optimal Living Daily | Diania Merriam or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.

Episode 3308:

J. Money unpacks a variety of common financial rules of thumb, covering housing, retirement, life insurance, budgeting percentages, and saving for college, and questions how useful they really are in practice. His reflections reveal that while these rules provide handy benchmarks, personal circumstances and priorities often tell a different story, encouraging a more flexible, individualized approach to money.

Read along with the original article(s) here: https://www.budgetsaresexy.com/interesting-financial-rules-of-thumb-to-follow/

Quotes to ponder:

“Spend no more than half of your income on living expenses, keep discretionary items to 30%, and save the rest.”

“You can afford a home that’s two to four times your annual gross income.”

“You need life insurance equal to eight to 10 times your annual pretax income.”

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

4111 episodes

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