Fast and Finance
Welcome to Fast and Finance! This podcast is designed for everyday, normal people just looking to improve their personal wealth management and expand their knowledge on the markets. We'll cover all the basic concepts so you have a strong base knowledge before we dive into anything more specific. Wealth management is a concept that is overlooked in many school systems, and we're here to change that! Please send us your questions to: patrick.mccrindle@lpl.com - Securities offered through LPL Financial, a member FINRA/SIPC. https://www.finra.org/ - https://www.sipc.org/ Investment advice offered through Private Advisor Group, a registered investment advisor. Private Advisor Group and SGI Wealth Management are separate entities from LPL Financial. https://www.sgiwealth.com/
Fast and Finance
Pay Yourself First
•
Patrick McCrindle
•
Season 2
•
Episode 14
I figured after the last episode on breaking down the 50/30/20, I wanted to take some time to speak about the concept of paying yourself first – also known as reverse budgeting. If you are still brand new to budgeting and haven’t tried something like the 50/30/20 structure yet, I suggest you check out our previous episode before this one. The whole purpose of ‘paying yourself first’ is to build your budget around your saving goals, like retirement, instead of locking in on your fixed and variable expenses.