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ABOUT THAT WALLET BLOG

Episode 42: Paying Yourself First | Ashley Gross



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DISCLAIMER: there are sponsored links in which I get paid and you can benefit for being a listener to the podcast.


On today's episode Ashley and I discuss the importance of paying yourself first especially during a financial crisis.


Since 2015, Ashley, the owner of Harvest Time Financial, has helped people identify their why, gain an understanding about money management and create habits that will help them build financial wealth. She is excited that everyday she gets to contribute to helping others achieve financial peace and success.


Where you find her:

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==|| Books Mentioned ||==



Everyday Millionaire by Chris Hogan - https://amzn.to/30KUDug


In Everyday Millionaires, #1 national best-selling author Chris Hoganwill show you how ordinary people built extraordinary wealth—and how you can too. You’ll learn how millionaires live on less than they make, avoid debt, invest, are disciplined and responsible!

This book is based on the largest study EVER conducted on 10,000 U.S. millionaires—and the results will shock you! You’ll learn that building wealth has almost NOTHING to do with your income or your background! It doesn’t matter where you come from. It matters where you’re going.

Most people think it takes crazy investing knowledge, a giant salary, a streak of luck, or a huge inheritance to become a millionaire. But that couldn’t be further from the truth! Here’s what you need to understand: if you’re willing to do the work—if you’ll follow the stuff we teach, if you’ll commit to our plan—then you CAN become a millionaire. - Amazon Summary




Some Financial Strategies


  • BABY STEP 1 - Save $1,000 for your starter emergency fund.

  • BABY STEP 2 - Pay off all debt (except the house) using the debt snowball.

  • BABY STEP 3 - Save 3–6 months of expenses in a fully funded emergency fund.

  • BABY STEP 4 - Invest 15% of your household income in retirement.

  • BABY STEP 5 - Save for your children’s college fund.

  • BABY STEP 6 - Pay off your home early.

  • BABY STEP 7 - Build wealth and give.

THANKS FOR LISTENING!

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DISCLAIMER: I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. The content in this audio are for educational purposes only. You must do your own research and make the best choice for you. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments. If you need advice, please contact a qualified CPA, CFP, an attorney, insurance agent, financial advisor, or the appropriate professional for the subject you would like help with.


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