Description
What steps can you take today to secure your financial future?
In this episode, B.I.G Dreamz dives into the essentials of effective financial planning, offering four practical steps to guide you toward financial freedom. He explains the differences between gross and net profit and provides actionable advice on budgeting across three key areas. You’ll find out why saving is crucial for your financial stability and learn how to differentiate between good debt and bad debt with real-world examples.
Get equipped with effective retirement planning strategies, from knowing when to start saving to diversifying your portfolio. Learn about the benefits of tools like the FDIC retirement calculator and gain practical advice to help you stay on track. Whether you're just starting out or looking to refine your financial strategy, this episode is packed with insights to help you secure your financial future.
“Budgeting… that’s a big piece. Because if you can’t budget, you can’t plan for the future” - B.I.G Dreamz
You’ll leave this episode with…
Four steps that will help you effectively plan for financial freedom
The difference between gross and net profit
Three different areas you need to budget for
Why you need to have savings
Examples of good debt and bad debt
The best time for you to start saving for retirement
A plan that will help set you up for a successful retirement
The two parts of retirement planning
What does it mean to diversify your retirement
How real-estate can be an asset for you
The Manhood Experiment of the Week that will get you started on the path to financial freedom
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Resources Mentioned:
MHE Episode: 4 Steps on How to Implement a Budget Plan So You Can Be Financially Secure
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