Ten Core Money Rules to Optimize Your Finances

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FI after 40 Podcast

Ben Reeder

20 episodes

6 days ago

This is a show where I dive into the FIRE movement to see what financial independence is all about. I’ll share the steps I’ve taken to start my journey towards becoming financially independent. And along the way I’ll bring in others who are on a path of their own. You’ll hear stories and advice from people who have reached their version of FI, and from those like me, who are still finding their way. This is a show for anyone who wants to learn, grow and connect with others. This is FI after 40.

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Investing

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Ten Core Money Rules to Optimize Your Finances

FI after 40 Podcast

28 minutes 17 seconds

5 years ago

Ten Core Money Rules to Optimize Your Finances

Episode 15: For anyone who has struggled with money, I pulled together a list of core rules that will help get your finances on track. While I don't claim to be a financial expert, I am part of a broader community of people who are all focused on living a financially responsible lifestyle. So these bits of wisdom are pulled from that pool of people.

A recent Twitter thread started with a simple question: What are your top 3 money rules? I highlight ten of these responses and add my thoughts.

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Discovered the podcast and has found inspiration and motivation from the stories
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Ten Money Rules

@partnersinfire: Pay yourself first (invest & save)
@HannahHakodesh: Cancel any subscription that you don’t use like kindle app
@matthewlee7: 3 month liquid, non-invested emergency fund minimum
@IQbySusieQ: Always pay off my credit card bill.
@KUWTBulls: Prioritize increasing your income over cutting spending
@alifeonadime: ALWAYS take the employer match on retirement!
@fightToFIRE1: Think about price/quality, don't just blindly go for the cheapest
@joneytalks: Health before wealth
@MichLovesMoney: Never, ever have debt. None of it is "good"
@adimesaved: Budget. Budget. Budget

Blog post: 51 eye-opening money rules to live by

The FI after 40 Manifesto

The four key points I make in that piece are commitments I make to myself and to my audience.

I know where you’re coming from. I might not share your exact story, but I know the feeling of not quite living up to the potential you know is inside yourself. I’m not your guide. I’m your partner on the journey.
I am determined to move forward and make gradual progress. I will share that progress so you can see that it works.
I will continue to fail. But I will do so while trying to improve my life and I will learn and grow. I will stop failing through inactivity and toxic avoidance.
I will share successes and motivation. I want to hear from others who have learned and are making progress in life. That message will be broadcast loud and clear.

Blog post: The FI After 40 Manifesto