Budgets are not supposed to restrict you, they’re supposed to guide you, and this is something many people do not understand. It’s honestly one of the biggest reasons there’s so much resistance to implementing it but if you truly want to achieve financial freedom, this is the first thing you need to manage well and understand how to leverage!

Listen now to understand what it truly means to have a budget and how you can start managing your finances today to get to a better financial situation without cutting down on your expenses!

Key Talking Points of the Episode

00:00 Introduction

01:01 What do most people believe about achieving financial freedom?

02:08 How do most people’s belief systems affect their finances?

03:00 What mindset do you need to have for better financial management?

04:00 What do you need to understand about how budgets work?

06:09 What tools can you use to help you build your wealth?

07:36 How will your priorities help you manage your finances better?

08:28 Why is it important to really understand why you want to spend your money?

09:41 How can understanding your reasons help you make better financial decisions?

10:49 What is the importance of aligning your goals and finances?

Quotables

“If you really wanna do this the right way, realize that there’s 2 seasons – seasons of abundance and seasons of sacrifice, and both seasons are gonna happen from time to time, just like winter, fall, spring, and summer, and it’s okay.”

“Anything worthwhile is worth the sacrifice and anything worthwhile requires sacrifice.”

“Most novices will think that a budget is like the end all, be all, but it’s just a small – it’s probably 5% of the whole puzzle.”