How do you break free from financial stress when your expenses never seem to line up with your income?
In this episode of The Real Wealth Formula Podcast, Brad Hovis dives deep into his personal approach for reducing expenses, escaping the debt trap, and building real wealth—no matter how inconsistent your paycheck is.

You’ll learn why tracking is more powerful than “budgeting,” how to rethink credit cards and debt, and the mindset shift that can turn everyday struggles into lasting financial freedom.

💡 Key Takeaways

• Why wealth isn’t about having more—it’s about spending less and living on purpose
• How to make a spending plan you actually enjoy following
• The real impact of stopping debt and credit cards
• How faith and stewardship provide hope and strategy
• Stories of everyday breakthroughs on the path to financial freedom

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⏳ Chapters

00:00 – Introduction
02:00 – Why Most People Don’t Track Expenses
04:10 – Step 1: Get Honest With Your Spending
06:30 – How to Categorize Without Overwhelm
09:00 – Intentionality & The Power of a Spending Plan
12:15 – The Truth About Credit Card Points
14:10 – The Debt Trap (Assets vs. Liabilities)
17:00 – Why Paying Off Debt Beats Investing
19:20 – Faith, Freedom & Money (Proverbs Lesson)
21:15 – Personal Stories: Cooking to Save Money
24:00 – Setting Your Freedom Target
26:45 – Final Thoughts