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Where is your Paycheck Going? Who Controls Your Money? - (W7:D1) Debt-Free Millionaire Podcast
Manage episode 415338391 series 3557376
Innehåll tillhandahållet av Zack, with the Debt Free Millionaire Brand and With the Debt Free Millionaire Brand. Allt poddinnehåll inklusive avsnitt, grafik och podcastbeskrivningar laddas upp och tillhandahålls direkt av Zack, with the Debt Free Millionaire Brand and With the Debt Free Millionaire Brand eller deras podcastplattformspartner. Om du tror att någon använder ditt upphovsrättsskyddade verk utan din tillåtelse kan du följa processen som beskrivs här https://sv.player.fm/legal.
Simplified Explanation: Every two weeks or twice a month, you will receive a check or money will be deposited into your bank account based on an agreed upon amount you contracted with your employer before you started working for them. If you negotiate with them, you will be receiving an acceptable amount that both sides can work with.
Real Life: Payday is not a day to collect your money and spend it in one day. Instead, it is a day to begin spending as your budget demands. You want to be purposeful in the way you spend money, or it will disappear as quickly as it appeared, and you will have nothing left until the next paycheck 2+ weeks later.
Since you have your budget already written up, you will now need to take the money you acquired through work and pay yourself first. Put money in your savings account. The trend is, when someone sees money in their normal account, they will find ways to spend it. Distributing your money into specific accounts allows you to only see money in your general account, which you can spend. So, pay yourself, donations, mortgage/rent, and all essentials first. Then either distribute the rest into specific accounts or work cautiously to spend what you have appropriately.
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