Description

Tyler has a breakthrough in saving for his true expenses, and it's about more than just rearranging the financial deck chairs. 

What are the benefits of focusing on one goal at a time? Why do high net worth individuals still benefit from budgeting? And why does Steve allocate some of his "fun money" to an emergency fund? 

• (00:00) - Dog talk
• (03:06) - Too many goals
• (06:44) - Doubling down on an emergency fund
• (11:41) - A reverse debt snowball
• (14:32) - Steve's fun money emergency fund
• (16:46) - A tool for understanding opportunity costs

Links: 

• Our episode about Dave Ramsey's "The Total Money Makeover": https://notaboutmoney.com/episodes/book-club-total-money-makeover 

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Steve Nay: 

• https://daybreaktax.com/ 
• https://www.linkedin.com/in/nsteven/ 

Tyler Smith: 

• https://www.tylersmith.io/ 
• https://www.linkedin.com/in/tylersmith-io/