1980: Interesting Financial Rules to Follow by J. Money of Budgets Are Sexy

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 1 August 2022

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

J. Money of Budgets Are Sexy shares interesting financial rules to follow Episode 1980: Interesting Financial Rules to Follow by J. Money of Budgets Are Sexy J. Money is a 6’1, hyperactive, rock a ‘hawk who loves drinking beer, blaring hip-hop, talking about money, and now playing with his two adorable baby boys. He tracked his expenses for 3 months, made a budget, read some books, and stumbled into personal finance blogging and idea sharing, randomly turning BudgetsAreSexy.com into his full time “real job” a few short years later--14 million views later! The original post is located here: https://www.budgetsaresexy.com/interesting-financial-rules-of-thumb-to-follow/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Optimal Finance Daily, Episode 1980.
0:04.0	Interesting Financial Rules to Follow
0:07.0	by J-Money of budgetsorsexy.com
0:10.0	and on your host and personal finance enthusiast, Diana Mariam.
0:15.0	Now let's get right to it as we optimize your life.
0:20.0	Interesting Financial Rules to Follow
0:25.0	by J-Money of budgetsorsexy.com
0:29.0	I came across an article this morning
0:32.0	and can't say I've heard of half of these rules of thumb before.
0:36.0	Maybe that's why they're so breakable?
0:38.0	It's called Financial Rules of Thumb to Consider Breaking.
0:43.0	I'll go over them along with my own two free cents
0:47.0	and an attempt at comparing them to our own finances
0:51.0	to see if we're on track or not.
0:53.0	Is anyone following any of these?
0:55.0	Quote.
0:57.0	Spend no more than half of your income on living expenses.
1:00.0	Keep discretionary items to 30% and save the rest.
1:05.0	End quote.
1:06.0	People sure would be better off if they follow this.
1:09.0	But I have yet to run into anyone who actually budgets
1:13.0	off of percentages.
	...

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