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Financial Breathing Room
Manage episode 309481905 series 3034116
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Why do you need financial breathing room? Because financial overwhelm is flat out stressful. Debt puts a ceiling on your finances. Whereas cash and cashflow are huge assets. You will never be financially independent if you can’t first live within your means and think long-term with your finances.
When you have margin in your finances, it gives you some breathing room. It enables you to be generous, to bootstrap a company, to have little to no liabilities, and to invest in your future, in yourself, in your marriage, in your business, etc.
On the show I talk about some quick wins (both practical and philisophical) to start bringing margin into your finances.
For additional reading, check out these books and articles:
- The Millionaire Next Door
- Fear, Not Money
- If You Can
- Margin
- Total Money Makeover
- Money: Master the Game
Download here. (40:03)
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