Making a budget is one of the first steps to really getting a handle on your finances. It is a powerful tool that will help get things under control quickly and set the stage for you to pay off debt and grow your wealth! This is just an introduction to making a budget. Very simple steps. I get in greater depth in the future.
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Intro End: 0:24
Raining Fat Stacks: 1:04
Step 1 - List out your income: 2:04
Step 2 - List out all of your expenses: 2:47
- List of expenses: 3:37
Step 3 - Subtract your total monthly expenses from your total monthly income: 4:33
Step 4 - Reduce monthly expenses: 4:48
Correction at 5:20 - divide that number again by 1/4, and you actually get the real number of 31 cents per hour!
Self-improvement Homework: 6:05
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