Episode 15: For anyone who has struggled with money, I pulled together a list of core rules that will help get your finances on track. While I don't claim to be a financial expert, I am part of a broader community of people who are all focused on living a financially responsible lifestyle. So these bits of wisdom are pulled from that pool of people.
A recent Twitter thread started with a simple question: What are your top 3 money rules? I highlight ten of these responses and add my thoughts.
Email from new listener
- Discovered the podcast and has found inspiration and motivation from the stories
- It’s important for people to hear that others are coming from the same place
- I love that she’s looking to live with intention
- One of the best parts of this is the community and the support
Ten Money Rules
- @partnersinfire: Pay yourself first (invest & save)
- @HannahHakodesh: Cancel any subscription that you don’t use like kindle app
- @matthewlee7: 3 month liquid, non-invested emergency fund minimum
- @IQbySusieQ: Always pay off my credit card bill.
- @KUWTBulls: Prioritize increasing your income over cutting spending
- @alifeonadime: ALWAYS take the employer match on retirement!
- @fightToFIRE1: Think about price/quality, don't just blindly go for the cheapest
- @joneytalks: Health before wealth
- @MichLovesMoney: Never, ever have debt. None of it is "good"
- @adimesaved: Budget. Budget. Budget
Blog post: 51 eye-opening money rules to live by
The FI after 40 Manifesto
The four key points I make in that piece are commitments I make to myself and to my audience.
- I know where you’re coming from. I might not share your exact story, but I know the feeling of not quite living up to the potential you know is inside yourself. I’m not your guide. I’m your partner on the journey.
- I am determined to move forward and make gradual progress. I will share that progress so you can see that it works.
- I will continue to fail. But I will do so while trying to improve my life and I will learn and grow. I will stop failing through inactivity and toxic avoidance.
- I will share successes and motivation. I want to hear from others who have learned and are making progress in life. That message will be broadcast loud and clear.
Blog post: The FI After 40 Manifesto
