Certified Financial Planner shares his advice on how to get your finances ready for the future including some unconventional advice that you likely have not heard before, and how to face tough money choices.
5 Tips to Figure Out Your Financial Future
Don’t spend more than you make
Pay yourself first
Establish an emergency fund
Think long term
“This is going to sound crass but don’t go to your friends because they know very little more than you do, so this is one area where you need to go to experts”
-Brian Ursu, author of Now What? on getting investing advice”
Bobbi’s Financial Grownup Tips:
Financial Grownup Tip #1:
Brian talked about the importance of educating yourself- and that friends are not always the best sources - because they are not experts. . But friends CAN be a great motivator- so consider choosing a book about money to read with your friends and discuss. it can be Brian’s or you can go through my author interviews here on the podcast, or- just ask friends what they like. But read books that resonate and then get together -socially distanced or virtually and have that conversation as peers.
“Your future self gets here a lot quicker than you had planned or thought about.”
Financial Grownup Tip #2:
Brian talked about the app that makes you look older- and how it gets us to think about our future self. After you do that- go pull up a picture of younger you- and think about how you see money differently with the grownup life experience you have now had.
“I never in my wildest dreams thought of a global pandemic as a reason to have an emergency fund but here we are.”
Episode Links:
Brian’s website - www.brianursu.com
Follow Brian!
Instagram - @nowwhat240
Facebook - @Nowwhatthebook
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