We have a long way to go and a short time to get there in this episode! During this episode, Art covers 33 practical tips to help you take the next step on your financial journey.
Notes:
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- Pray about your finances.
- Automate your generosity.
- Make your church the first place of giving.
- Give to an organization that does something you care about in a place you pay attention to.
- Do your Financial State of the Union.
- Track net worth.
- Set realistic goals.
- Create a zero-based Blueprint for Mission.
- Know your essential expenses.
- Hunt down and eliminate unnecessary, regretful spending.
- Find a budgeting app that works for you.
- Use sinking funds.
- Automate your savings.
- Have an emergency fund.
- Use a HYSA for your emergency fund.
- Pay for cars with cash.
- Pay off credit cards every month.
- Get rid of credit cards if you have credit card debt or struggle to pay them off in full.
- Use the debt snowball to pay off debt.
- Make extra payments toward your mortgage.
- Put 15% of your gross income toward retirement.
- Maintain a diversified portfolio.
- Meet with a Kingdom Advisor for specific investment guidance.
- Pay attention to expense ratios.
- Don’t cheap out on insurance.
- Shop insurance rates.
- Use the DIME method for life insurance.
- Have an emergency binder.
- Have a will.
- Pray about your financial legacy.
- Have a monthly finance meeting with your spouse.
- Know your spouse’s money story and money personality.
- Place marital unity above your financial goals.
