The Billionaire Lifestyle Podcast is one episode away from reaching the 100 episode mark in less than 1 year. I have learned a great deal about so many topics from the many guests on the show. It is important to take time for reflection when performing any task, and for the last month that is exactly what I have done, paused and reflect. I have included a few show episodes from the last month or and plan to keep producing content.
One thing I did learn is besides liking the interview format, you guys seem to like the shorter format, non-interview shows too.
It’s that time again, Tax season. The first quarter of every year is when new resolutions are made, and many people get their tax refund. Tax refund time is the perfect setting to start your financial makeover.
Some years ago, I got fed up with my financial status. I had a good income but I could not keep any of the money I made for any length of time. There had to be a reason I was making a good living but living paycheck to paycheck. Many of us may find ourselves in the same situation.
When you think about your finances and where your money is going, on the surface things may seem ok. A closer look at your finances may be in order. I know you may have heard this all before, but it really is true. Money and resources must be managed. The time is ripe to knuckle down and become your own auditor.
Where do I start: Budget – Money – Inventory
Grab a piece of paper ( Not your computer or tablet)
Think – about every and I mean every dollar you spend.
write down three columns on the piece of paper. Label them Bills – Necessary – Unnecessary.
Write every dime you have spent in the last three months in bills and spending.
Separate the items into the three columns.
List how much money you make per month on the paper.
Add the total of the columns and play with the unnecessary from the money you make to see how much you can save.
Recording where your money has gone is a start and only a start. The reason for writing down these numbers is to find out how many bills and spending items are on the table. The next action putting items in categories gives you and indication where your money is going while placing priority on those funds.
I did it you can too!
Listing out where my money was going was a sobering act. I started to find my bank account had a trickle in the form of $20 to $100 expenses that were a pure luxury and very unnecessary. Little money vacuums such as subscriptions, dues for things I really did not use and other money ripping items. those were the bills listed in the unnecessary.
Once I had a visual on expenditure, it was easy to see I could get my money in control. It became a game to see how much I could save. When I had a bill that I could not pay off immediately, I developed a time plan by attacking the smallest, then rolling the payments of the paid off debt to the next item on the list. My family thought I was nuts, as they had not had a money mindset change as I had. Actually, my divorce came some time later(go figure). It was imminent anyway. I went nuts, I called credit card companies, closed accounts, got rid of cable channels, started taking car of my own lawn and snow. I was a mad man.
I want to touch on something I may have breezed over. The reason for the 3 moths of bills was to get a good average of items that many not occur every month. Those surprise non-monthly bills can hit you in the face. If you don’t take an average over time of your spending habits, that sudden expense could derail your efforts.
24 Months – The Outcome Over Time
Failure to reach a goal is typically due to unrealistic expectations. 24 months is a good timeframe to make great changes in your life. As you rid yourself of the unnecessary cost in your life, freedom will show up. The goal is to run for the duration and not sprint to the finish line. This is a lifestyle to make living better and more manageable. Freedom of choice will become more dominant as you free up money to be used or invested. The task I have placed before you is really easy. Start with one item per month then use the snowball moeny management method to get your finances in order.
Next time I will show you some free tools to help you budget.
Please listen to this Interview, I laughed so much and had so much fun with Tracee.
Tracee Sioux is the author of a book titled “The Year of Yes” and “The Girl Revolution Manifesto”. No nonsense approach is Tracee’s best weapon, she puts it in your face guiding your progress. We all need to just say yes more often from our individual intuitive self. In today’s world, any of us may be amazed, how simply saying yes will open personal opportunities on every level. I am not talking about blindly saying yes to any and every request or inquiry, but listening to the dialog of your soul to provide guidance for your “YES”.
One of the most uncomfortable actions in life is to agree and say yes. The very word “Yes” may seem to be easy to put forth into the world but due to personal fear, ego, second guessing the answer “No” or not deciding to take an action is the rule often. Recalling your childhood, babies learn the word “No” before yes becomes a part of our natural conversation. Some of your actions may be a habit. Some habits are made to be broken.
The Billionaire LifeStyle and Tracee Sioux.
Frequently I would come across the image of Tracee Sioux. Every encounter of Tracee’s profile picture would cause me to pause and stare, not in a creepy way either. Ultimately after reading Tracee’s information and performing some research, The Billionaire lifestyle podcast reached out to Tracee. Houston We Have Contact!
Just Say YES!
Tracee’s book title stirred memories of my own actions of going with the flow. The simple act of saying yes for a year was right up my alley. In conjunction with the Yes proposition, I began to understand how spiritual the conversation would be with Tracee. The research to find more about Tracee brought to mind of my deceased mother had an affinity for spiritual acceptance. In my own life as time passes the gravity of the spiritual subjects matter is never far from my personal orbit. I said yes to finding more about Tracee’s work.
Tracee Sioux is quite a busy person with the publishing The Girl Revolution Manifesto while practicing the subjects of her books. In addition to writing Tracee is involved with her own internet radio format on Clear Mind radio and true2you radio. These formats offer talk formats and meditation methods radio.
Here are some of the topics covered during the conversation: