1
00:00:00,000 --> 00:00:02,010
Welcome to the hair of the dog podcast.

2
00:00:02,040 --> 00:00:02,700
I'm your host,

3
00:00:02,700 --> 00:00:03,420
Nicole Begley.

4
00:00:03,420 --> 00:00:06,810
And today we are talking about a,

5
00:00:07,170 --> 00:00:09,810
I think absolutely critical habit.

6
00:00:10,200 --> 00:00:12,300
If you want to increase your wealth,

7
00:00:12,510 --> 00:00:15,810
if you want to have success in managing your money.

8
00:00:16,470 --> 00:00:17,310
Oh, I mean,

9
00:00:17,310 --> 00:00:18,510
this is a non-negotiable,

10
00:00:19,200 --> 00:00:19,800
you're going to love it.

11
00:00:19,830 --> 00:00:20,520
So stay tuned.

12
00:00:21,750 --> 00:00:24,180
Welcome to the hair of the dog podcast.

13
00:00:24,360 --> 00:00:26,490
If you're a pet photographer,

14
00:00:26,490 --> 00:00:29,970
ready to make more money and start living a life by

15
00:00:29,970 --> 00:00:30,910
your design,

16
00:00:30,910 --> 00:00:33,370
you've come to the right place.And

17
00:00:33,370 --> 00:00:34,390
now your host,

18
00:00:34,390 --> 00:00:35,750
pet photographer,

19
00:00:35,750 --> 00:00:36,860
travel addict,

20
00:00:36,860 --> 00:00:39,240
chocolate martini connoisseur,

21
00:00:39,240 --> 00:00:40,350
Nicole Begley.

22
00:00:40,350 --> 00:00:41,450
Hey everybody,

23
00:00:41,450 --> 00:00:43,070
Nicole, here I am back.

24
00:00:43,070 --> 00:00:44,680
It's just me this week,

25
00:00:44,680 --> 00:00:48,930
but I'm pretty excited about it because we are talking about

26
00:00:48,930 --> 00:00:51,570
a habit that is absolutely critical.

27
00:00:51,870 --> 00:00:55,830
If your goal is to increase your wealth or to manage

28
00:00:55,830 --> 00:01:01,920
your money or to just live a life without the stress

29
00:01:02,040 --> 00:01:05,970
of no wondering if you have enough finances in the bank

30
00:01:05,970 --> 00:01:08,040
to cover what you want to do and do the things

31
00:01:08,040 --> 00:01:08,550
you want to do.

32
00:01:08,880 --> 00:01:12,000
So you've probably heard the saying that you can't improve what

33
00:01:12,000 --> 00:01:13,020
you don't measure.

34
00:01:13,290 --> 00:01:15,330
And that is 100% true,

35
00:01:15,540 --> 00:01:18,030
especially when it comes to our personal finances.

36
00:01:18,390 --> 00:01:18,570
All right.

37
00:01:18,570 --> 00:01:20,250
I want to show of hands out there.

38
00:01:21,270 --> 00:01:21,630
Don't worry.

39
00:01:21,630 --> 00:01:22,620
I can't actually see you.

40
00:01:22,620 --> 00:01:24,210
It's okay to be truthful and honest.

41
00:01:24,900 --> 00:01:30,480
How many of you truly know what you spend each month

42
00:01:30,930 --> 00:01:35,430
and truly know what's coming in that can quickly and easily

43
00:01:35,460 --> 00:01:39,870
look at your personal finances in a quick profit loss statement,

44
00:01:40,140 --> 00:01:41,700
an income outcome,

45
00:01:42,240 --> 00:01:45,390
where are you if you can't do that,

46
00:01:46,140 --> 00:01:47,670
man, I think you really,

47
00:01:47,670 --> 00:01:48,720
really have to,

48
00:01:49,380 --> 00:01:49,950
you know,

49
00:01:49,980 --> 00:01:51,330
in our businesses,

50
00:01:51,390 --> 00:01:56,940
we have these accounting software that every single transaction that I

51
00:01:56,940 --> 00:01:59,460
do in my business account on my business credit card gets

52
00:01:59,460 --> 00:02:00,510
pulled into QuickBooks.

53
00:02:00,510 --> 00:02:02,070
I can see it right there.

54
00:02:02,580 --> 00:02:05,430
It comes in like the next day I assign it to

55
00:02:05,460 --> 00:02:06,810
a, you know,

56
00:02:07,020 --> 00:02:08,170
a chart of accounts,

57
00:02:08,190 --> 00:02:10,860
a line item in my budget so that I know that

58
00:02:10,860 --> 00:02:12,930
it was spent on marketing or it was spent on cost

59
00:02:12,930 --> 00:02:13,680
of goods sold.

60
00:02:13,860 --> 00:02:17,010
So at any time I can take a profit loss snapshot

61
00:02:17,010 --> 00:02:21,630
of my business and know exactly where I stand financially in

62
00:02:21,630 --> 00:02:22,320
my business.

63
00:02:22,500 --> 00:02:24,090
I know what I've been spending money on.

64
00:02:24,090 --> 00:02:25,680
I know what money has been coming in.

65
00:02:25,950 --> 00:02:28,200
When I want to be more profitable.

66
00:02:28,200 --> 00:02:30,270
I can look at all those line items and say,

67
00:02:30,330 --> 00:02:32,820
oh, should I cut back on this?

68
00:02:32,940 --> 00:02:36,210
What's the return of investment on that investment that I made,

69
00:02:36,450 --> 00:02:39,300
okay, maybe I can do this or move that here.

70
00:02:39,480 --> 00:02:41,520
Okay. I can increase some income here.

71
00:02:41,580 --> 00:02:44,400
So you have the numbers without those numbers.

72
00:02:44,400 --> 00:02:45,810
You're just going on feeling.

73
00:02:46,140 --> 00:02:50,550
And our feeling is often lying to us because it just

74
00:02:50,550 --> 00:02:54,630
doesn't really have that accurate representation of what is going on

75
00:02:54,660 --> 00:02:56,280
in our financial picture.

76
00:02:57,090 --> 00:02:59,380
So for the longest time,

77
00:02:59,920 --> 00:03:02,830
I was trying to figure out,

78
00:03:03,160 --> 00:03:03,700
you know,

79
00:03:03,880 --> 00:03:08,770
how to do this because I love that about my business

80
00:03:08,860 --> 00:03:10,510
finances that I have,

81
00:03:10,510 --> 00:03:12,550
these things automatically pulled in.

82
00:03:12,850 --> 00:03:15,340
I get to review them as they come in.

83
00:03:15,370 --> 00:03:17,380
I get to assign the line item.

84
00:03:17,620 --> 00:03:20,980
If there's some random charge that I didn't realize was coming

85
00:03:20,980 --> 00:03:22,300
in, I see it right away.

86
00:03:22,300 --> 00:03:25,720
So I can call that person or reverse that or cancel

87
00:03:25,720 --> 00:03:30,250
something. It's just such a better way to have a pulse

88
00:03:30,280 --> 00:03:33,880
on your finances when you can see these things happening in

89
00:03:33,880 --> 00:03:34,870
real time.

90
00:03:35,410 --> 00:03:38,350
So some of the things that I've tried in the past

91
00:03:38,440 --> 00:03:40,960
are actually the one that worked really,

92
00:03:40,960 --> 00:03:41,830
really well for me,

93
00:03:42,220 --> 00:03:43,960
but this was back before I had kids.

94
00:03:44,800 --> 00:03:45,460
We are,

95
00:03:45,460 --> 00:03:45,780
you know,

96
00:03:45,790 --> 00:03:47,260
is just married.

97
00:03:47,350 --> 00:03:48,940
It was just me and my husband.

98
00:03:49,180 --> 00:03:51,490
We didn't have nearly as many expenses.

99
00:03:51,820 --> 00:03:52,480
And you know,

100
00:03:52,480 --> 00:03:58,240
there certainly weren't as many automated expenses like Netflix and Hulu

101
00:03:58,240 --> 00:03:58,960
and 8,000

102
00:03:58,960 --> 00:04:01,690
other things that just get charged to your card all the

103
00:04:01,690 --> 00:04:05,410
time. So what we did is there was this program called

104
00:04:05,410 --> 00:04:07,600
Quicken. I don't even know if Quicken still exists,

105
00:04:07,930 --> 00:04:08,740
but it was made,

106
00:04:08,770 --> 00:04:10,630
I believe by the same people as QuickBooks,

107
00:04:10,630 --> 00:04:12,340
but it was for personal finance.

108
00:04:12,640 --> 00:04:15,190
And I had the desktop version,

109
00:04:15,580 --> 00:04:18,280
which did not connect to my bank account.

110
00:04:18,280 --> 00:04:25,090
So I manually imported or input every single charge that we

111
00:04:25,090 --> 00:04:26,440
did. So my husband and I,

112
00:04:26,440 --> 00:04:27,550
whenever we'd spend any money,

113
00:04:27,550 --> 00:04:28,360
we'd get the receipt.

114
00:04:28,360 --> 00:04:31,210
We just put the pile of receipts on my desk.

115
00:04:31,270 --> 00:04:31,930
Like once a week,

116
00:04:31,930 --> 00:04:32,470
I'd go through.

117
00:04:32,470 --> 00:04:34,360
And I enter that stuff into Quicken.

118
00:04:34,420 --> 00:04:36,820
And that enabled me to see where we were spending our

119
00:04:36,820 --> 00:04:39,100
money and how much money we had,

120
00:04:39,100 --> 00:04:39,790
because here's,

121
00:04:39,790 --> 00:04:41,770
here's the thing you guys might know that I have a

122
00:04:41,770 --> 00:04:44,950
little bit of a credit card habit and my credit card

123
00:04:44,950 --> 00:04:48,370
habit. I don't mean that I spend a lot on credit

124
00:04:48,370 --> 00:04:49,450
cards and I carry mouses.

125
00:04:49,460 --> 00:04:52,540
No, I do spend all of my spend on credit cards

126
00:04:52,540 --> 00:04:55,390
because I like to earn the points so that I can

127
00:04:55,390 --> 00:05:00,340
use those for free travel because I'm free travel is my

128
00:05:00,340 --> 00:05:02,440
jam. But anyway,

129
00:05:02,650 --> 00:05:05,020
so I have a lot of different credit cards and we

130
00:05:05,020 --> 00:05:07,960
put every single penny of spend that we can on those

131
00:05:07,960 --> 00:05:08,740
credit cards.

132
00:05:09,040 --> 00:05:11,560
But if you're not really careful with that,

133
00:05:11,950 --> 00:05:13,060
you can get into trouble.

134
00:05:13,060 --> 00:05:15,310
And all of a sudden your credit card bill comes and

135
00:05:15,310 --> 00:05:15,550
you're like,

136
00:05:15,580 --> 00:05:16,060
holy cow,

137
00:05:16,090 --> 00:05:19,930
$5,000, but I didn't even buy anything big because all those

138
00:05:19,930 --> 00:05:22,360
little things add up so quickly,

139
00:05:22,690 --> 00:05:23,110
you know,

140
00:05:23,350 --> 00:05:24,280
go to the grocery store,

141
00:05:24,280 --> 00:05:25,840
$200. You go to Costco.

142
00:05:25,900 --> 00:05:26,830
I don't know about you,

143
00:05:26,860 --> 00:05:27,650
but now with,

144
00:05:28,090 --> 00:05:28,570
you know,

145
00:05:29,200 --> 00:05:32,530
a family of four and my son,

146
00:05:32,530 --> 00:05:36,820
who's a preteen that grocery bill is only going to go

147
00:05:36,820 --> 00:05:37,960
up for the next few years.

148
00:05:37,960 --> 00:05:38,170
I mean,

149
00:05:38,170 --> 00:05:40,360
I can't walk out of Costco without spending.

150
00:05:40,660 --> 00:05:42,310
If I spend less than $350,

151
00:05:42,310 --> 00:05:42,640
I'm like,

152
00:05:42,790 --> 00:05:44,950
man, when it's ridiculous.

153
00:05:45,100 --> 00:05:45,700
So anyway,

154
00:05:45,700 --> 00:05:48,970
it's really easy for this credit card spend to just really

155
00:05:48,970 --> 00:05:50,860
surprise you when that bill comes at the end of the

156
00:05:50,860 --> 00:05:53,530
month. And the other thing I hate about waiting for that

157
00:05:53,530 --> 00:05:55,900
bill to come at the end of the month is,

158
00:05:56,570 --> 00:05:56,950
you know,

159
00:05:57,140 --> 00:06:00,170
you have to go through and kind of remember what's that

160
00:06:00,170 --> 00:06:01,280
charged? I do that.

161
00:06:01,280 --> 00:06:02,330
Okay. That's legit.

162
00:06:02,360 --> 00:06:03,080
Where are these?

163
00:06:03,230 --> 00:06:04,820
If you even look through it at all,

164
00:06:04,970 --> 00:06:08,210
I know I've been guilty in the past of just paying

165
00:06:08,210 --> 00:06:11,870
my credit cards without actually looking over all the charges.

166
00:06:12,440 --> 00:06:13,490
No bad idea,

167
00:06:13,490 --> 00:06:15,050
because you know,

168
00:06:15,210 --> 00:06:17,960
credit card fraud just fraud in general is rampant.

169
00:06:17,960 --> 00:06:20,900
So you should definitely know what is being charged to your

170
00:06:20,900 --> 00:06:21,770
cards. So,

171
00:06:21,770 --> 00:06:23,600
anyway, anyway,

172
00:06:24,110 --> 00:06:24,890
I digress.

173
00:06:25,580 --> 00:06:28,700
These are the reasons that I really wanted to have a

174
00:06:28,700 --> 00:06:30,920
good handle on my finances.

175
00:06:31,130 --> 00:06:33,860
So I had tried Quicken that worked for a while and

176
00:06:33,860 --> 00:06:35,630
then eventually it was a desktop program.

177
00:06:35,630 --> 00:06:36,890
When I upgraded a computer,

178
00:06:36,890 --> 00:06:39,500
it no longer worked on that operating system,

179
00:06:39,860 --> 00:06:41,180
they discontinued it,

180
00:06:41,420 --> 00:06:43,040
the online version.

181
00:06:43,590 --> 00:06:45,920
I don't know why I didn't try the online version.

182
00:06:45,920 --> 00:06:47,930
There was some reason I think it didn't work with Matt

183
00:06:47,990 --> 00:06:48,650
at the time.

184
00:06:48,950 --> 00:06:50,180
So then I was,

185
00:06:50,210 --> 00:06:50,690
you know,

186
00:06:51,110 --> 00:06:52,430
left to my own devices.

187
00:06:52,520 --> 00:06:53,750
I had tried mint.

188
00:06:54,370 --> 00:06:55,340
I didn't love that.

189
00:06:55,340 --> 00:06:58,490
Even though it all pulled everything in it,

190
00:06:58,490 --> 00:07:01,340
didn't like automatically categorize things.

191
00:07:01,550 --> 00:07:05,150
And what I really missed that I absolutely loved is the

192
00:07:05,150 --> 00:07:07,100
way I manage my money in Quicken.

193
00:07:07,130 --> 00:07:07,790
I had,

194
00:07:07,790 --> 00:07:08,030
you know,

195
00:07:08,030 --> 00:07:09,500
my regular bank account,

196
00:07:09,850 --> 00:07:12,140
I had my credit cards come in and then I would

197
00:07:12,140 --> 00:07:15,710
make like a Phantom line item in my bank account that

198
00:07:15,710 --> 00:07:17,300
was basically credit card payments.

199
00:07:17,600 --> 00:07:20,360
So if I went out and I spent $50 on my

200
00:07:20,360 --> 00:07:21,590
credit card on,

201
00:07:22,070 --> 00:07:22,280
you know,

202
00:07:22,280 --> 00:07:24,890
dinner, then I could come back and I'd put it in

203
00:07:24,890 --> 00:07:26,030
Quicken as,

204
00:07:26,030 --> 00:07:27,950
Hey, I spent 50 bucks on dinner and it would come

205
00:07:27,980 --> 00:07:30,140
out of my main balance in my checking account.

206
00:07:30,530 --> 00:07:34,850
So that way I knew my checking account balance was like

207
00:07:34,910 --> 00:07:36,500
the money I had available to spend.

208
00:07:36,950 --> 00:07:38,330
And that,

209
00:07:38,360 --> 00:07:41,060
that credit card payment was ready to go.

210
00:07:41,060 --> 00:07:43,610
So I was essentially using my credit cards,

211
00:07:43,940 --> 00:07:47,870
like a debit card because I was pulling that money out

212
00:07:47,870 --> 00:07:48,710
of my bank account,

213
00:07:48,710 --> 00:07:50,030
what was still in my bank account.

214
00:07:50,030 --> 00:07:52,250
But on the paper,

215
00:07:52,310 --> 00:07:53,870
it was technically pulled out,

216
00:07:54,350 --> 00:07:55,910
even though it was technically still in,

217
00:07:55,970 --> 00:07:56,600
oh my gosh,

218
00:07:56,720 --> 00:07:57,710
I hope I'm explaining this.

219
00:07:57,710 --> 00:08:00,440
Okay. So anyway,

220
00:08:00,440 --> 00:08:03,920
it would look like I had $1,500

221
00:08:03,920 --> 00:08:04,850
in my checking account.

222
00:08:04,880 --> 00:08:07,160
Even though if you logged in to my bank account,

223
00:08:07,340 --> 00:08:07,970
it was like,

224
00:08:08,000 --> 00:08:09,530
oh, you have $4,000

225
00:08:09,620 --> 00:08:11,870
because I was pulling over all that money.

226
00:08:11,870 --> 00:08:15,260
I was spending on credit cards in real time onto this

227
00:08:15,260 --> 00:08:16,880
just fictitious line item.

228
00:08:17,210 --> 00:08:19,340
So that I knew when those credit card bills came,

229
00:08:19,340 --> 00:08:20,330
I could just pay them.

230
00:08:20,390 --> 00:08:21,350
It was no big deal.

231
00:08:21,350 --> 00:08:23,930
I, I knew how much money was coming in and it

232
00:08:23,930 --> 00:08:24,950
was so very helpful.

233
00:08:25,610 --> 00:08:27,290
So when I was using mint,

234
00:08:27,500 --> 00:08:31,310
it automatically started doing different line items.

235
00:08:31,400 --> 00:08:32,000
I don't know.

236
00:08:32,000 --> 00:08:32,360
I just,

237
00:08:32,420 --> 00:08:33,020
I wasn't,

238
00:08:33,290 --> 00:08:37,070
it was too automated for me and too easy to not

239
00:08:37,070 --> 00:08:40,520
actually look at all of my transactions.

240
00:08:40,820 --> 00:08:44,660
And there wasn't really an easy way to create that Phantom

241
00:08:44,870 --> 00:08:48,170
Phantom line item of using my credit cards,

242
00:08:48,200 --> 00:08:49,190
like a debit card.

243
00:08:49,820 --> 00:08:51,530
And then I had tried personal capital.

244
00:08:51,860 --> 00:08:53,300
We enjoyed that one.

245
00:08:53,300 --> 00:08:53,780
That was nice.

246
00:08:53,780 --> 00:08:55,950
You can pull in like all your investments.

247
00:08:55,950 --> 00:08:58,110
And we still use that for like a net worth,

248
00:08:58,110 --> 00:09:01,200
like snapshot of like retirement investments,

249
00:09:01,890 --> 00:09:03,030
house equity,

250
00:09:03,270 --> 00:09:04,350
mortgage payments,

251
00:09:04,350 --> 00:09:06,780
like all that stuff is automatically pulled in there.

252
00:09:06,780 --> 00:09:11,730
So you can have a really nice overview of your just

253
00:09:11,760 --> 00:09:12,720
general net worth.

254
00:09:13,380 --> 00:09:17,130
That website is personal capital and it's a free service.

255
00:09:17,850 --> 00:09:19,590
I will let you know that they,

256
00:09:19,590 --> 00:09:21,150
so they are,

257
00:09:21,240 --> 00:09:23,220
I don't know if they're an automated like betterment,

258
00:09:23,220 --> 00:09:25,800
but they're like an investing thing they want to help you

259
00:09:25,800 --> 00:09:28,830
invest. And so when you sign up for the free account,

260
00:09:29,070 --> 00:09:30,840
they do call you for a while of like,

261
00:09:30,840 --> 00:09:31,370
Hey, Hey,

262
00:09:31,370 --> 00:09:33,390
Hey, trying to get you to sign up,

263
00:09:33,390 --> 00:09:34,560
to invest with them.

264
00:09:34,920 --> 00:09:37,230
But then we just never answered and they stopped.

265
00:09:38,370 --> 00:09:40,410
So it is free software.

266
00:09:40,410 --> 00:09:43,770
So we've been using that again to kind of keep an

267
00:09:43,770 --> 00:09:47,550
eye on the big picture of retirement and all of those

268
00:09:47,550 --> 00:09:50,310
different investments and okay.

269
00:09:50,460 --> 00:09:52,290
But I still didn't have a solution for my day to

270
00:09:52,290 --> 00:09:52,950
day spending.

271
00:09:53,010 --> 00:09:56,070
And my day to day management of these credit cards and

272
00:09:56,130 --> 00:09:58,920
knowing where my money was going and how much money was

273
00:09:58,920 --> 00:10:01,230
coming in and how much money it was going out.

274
00:10:02,730 --> 00:10:06,150
Like I truly had no idea what we were spending per

275
00:10:06,150 --> 00:10:09,240
month. I didn't even know really what are,

276
00:10:09,600 --> 00:10:09,870
you know,

277
00:10:09,870 --> 00:10:12,450
kind of fixed expenses for the month are,

278
00:10:12,450 --> 00:10:12,810
you know,

279
00:10:12,810 --> 00:10:14,520
mortgage and utilities.

280
00:10:14,730 --> 00:10:15,750
Like I kind of knew,

281
00:10:15,990 --> 00:10:17,520
but I mean,

282
00:10:17,700 --> 00:10:18,990
we should be able to like,

283
00:10:19,170 --> 00:10:19,560
oh yeah,

284
00:10:19,860 --> 00:10:20,790
it's whatever,

285
00:10:21,000 --> 00:10:25,500
$4,250 a month for my required monthly expenses.

286
00:10:26,280 --> 00:10:28,890
So then I tried,

287
00:10:29,310 --> 00:10:30,240
you guys are gonna laugh.

288
00:10:30,840 --> 00:10:36,150
I tried to spreadsheet that I would put in that was

289
00:10:36,150 --> 00:10:38,640
doomed before it even started because who the heck has time

290
00:10:38,640 --> 00:10:39,120
for that?

291
00:10:39,120 --> 00:10:40,350
And yeah,

292
00:10:40,350 --> 00:10:42,660
we've got a lot of random things that get charged to

293
00:10:42,660 --> 00:10:43,350
our credit cards.

294
00:10:43,380 --> 00:10:44,430
And a lot of,

295
00:10:44,460 --> 00:10:44,850
you know,

296
00:10:45,210 --> 00:10:46,220
taking the kids to soccer,

297
00:10:46,230 --> 00:10:47,700
we stopped and get some food where,

298
00:10:47,730 --> 00:10:47,970
you know,

299
00:10:47,970 --> 00:10:48,390
there's just,

300
00:10:48,570 --> 00:10:50,340
there's there's stuff going on all the time.

301
00:10:50,370 --> 00:10:51,000
So anyway,

302
00:10:52,050 --> 00:10:55,650
I was looking for a solution and then randomly,

303
00:10:55,740 --> 00:10:56,010
you know,

304
00:10:56,010 --> 00:10:58,350
whenever you ask certain questions,

305
00:10:58,830 --> 00:11:00,510
if you're open to the solutions,

306
00:11:00,540 --> 00:11:03,090
they almost always present themselves.

307
00:11:03,390 --> 00:11:04,710
So I was thinking about this,

308
00:11:04,710 --> 00:11:05,100
like, man,

309
00:11:05,100 --> 00:11:07,770
I really need to get a handle of a easy way

310
00:11:07,770 --> 00:11:10,050
to just know what I'm spending,

311
00:11:10,050 --> 00:11:11,820
where, and,

312
00:11:11,910 --> 00:11:12,510
you know,

313
00:11:12,630 --> 00:11:13,920
keep track of this credit card,

314
00:11:13,920 --> 00:11:17,130
spend of knowing what's coming in and what these bills are

315
00:11:17,130 --> 00:11:17,490
going to be.

316
00:11:17,490 --> 00:11:19,230
And being able to set that money aside.

317
00:11:19,230 --> 00:11:19,890
So it's not like,

318
00:11:19,950 --> 00:11:20,460
oh my gosh,

319
00:11:20,490 --> 00:11:21,240
this is a big thing.

320
00:11:21,240 --> 00:11:22,620
I have to pull some money from savings.

321
00:11:22,620 --> 00:11:23,340
Like I just,

322
00:11:23,340 --> 00:11:23,970
I want to know,

323
00:11:24,000 --> 00:11:25,680
I want my finger on the pulse of it.

324
00:11:25,830 --> 00:11:27,300
And then a friend of mine on Facebook,

325
00:11:27,330 --> 00:11:31,770
somebody asked and somebody else responded with why NAB.

326
00:11:31,800 --> 00:11:33,150
I think that's how they pronounce it.

327
00:11:33,180 --> 00:11:34,800
You need a budget.com

328
00:11:35,040 --> 00:11:36,420
Y N a B.

329
00:11:36,480 --> 00:11:37,920
And I was like,

330
00:11:37,980 --> 00:11:40,200
huh, I had heard about this before,

331
00:11:40,860 --> 00:11:45,030
but I think we all have this visceral reaction to the

332
00:11:45,030 --> 00:11:47,640
word budget because I'm like,

333
00:11:48,210 --> 00:11:49,410
I don't want to budget.

334
00:11:49,410 --> 00:11:50,220
I don't want to be like,

335
00:11:50,280 --> 00:11:52,530
oh, I can't go out to dinner because I've spent my

336
00:11:52,560 --> 00:11:53,680
eating out budget.

337
00:11:53,680 --> 00:11:55,240
Know if I want to go out to dinner,

338
00:11:55,240 --> 00:11:56,200
I want to go out to dinner.

339
00:11:56,770 --> 00:11:57,070
Of course,

340
00:11:57,070 --> 00:11:58,660
I want to make sure I could pay my mortgage.

341
00:11:58,930 --> 00:11:59,380
But like,

342
00:11:59,380 --> 00:11:59,650
you know,

343
00:11:59,650 --> 00:12:03,610
I want flexibility to be able to spend my money where

344
00:12:03,610 --> 00:12:05,950
I want when opportunities arise.

345
00:12:06,010 --> 00:12:08,470
So for that budgeting has always been to me,

346
00:12:08,470 --> 00:12:10,450
like I got no yuck,

347
00:12:10,930 --> 00:12:11,770
but it's like,

348
00:12:11,770 --> 00:12:12,100
let me,

349
00:12:12,130 --> 00:12:13,270
let me look into this.

350
00:12:13,450 --> 00:12:15,790
Cause I looked into it years ago and it was like,

351
00:12:16,270 --> 00:12:17,290
no, I don't know.

352
00:12:17,290 --> 00:12:19,270
I think the budget part threw me off.

353
00:12:19,330 --> 00:12:20,410
And so I did it.

354
00:12:20,410 --> 00:12:22,000
So I looked into it and I'm like,

355
00:12:22,030 --> 00:12:22,810
oh my gosh,

356
00:12:23,200 --> 00:12:25,450
this could be my new solution.

357
00:12:26,050 --> 00:12:28,270
And turns out it is I'm obsessed.

358
00:12:28,270 --> 00:12:29,620
I've been using it for a month.

359
00:12:30,130 --> 00:12:33,310
And I don't think I will ever not use it.

360
00:12:33,430 --> 00:12:36,100
It's so helpful.

361
00:12:36,400 --> 00:12:37,390
So, so helpful.

362
00:12:37,660 --> 00:12:42,730
So what it's based on is zero based budgeting is or

363
00:12:42,730 --> 00:12:43,440
dollar based,

364
00:12:43,450 --> 00:12:46,810
but I think dollar based budgeting or zero-based dollar budgeting,

365
00:12:46,810 --> 00:12:47,650
something like that,

366
00:12:48,010 --> 00:12:49,420
kind of like the envelope system.

367
00:12:49,480 --> 00:12:50,800
If you've ever read Dave Ramsey,

368
00:12:50,800 --> 00:12:52,930
they talk about the envelope system that it's like,

369
00:12:52,960 --> 00:12:53,350
all right,

370
00:12:53,590 --> 00:12:54,310
you get paid.

371
00:12:54,490 --> 00:12:55,450
Now you put in,

372
00:12:55,480 --> 00:12:55,930
you know,

373
00:12:55,990 --> 00:12:57,280
a thousand dollars a year mortgage,

374
00:12:57,280 --> 00:12:59,410
you put in $200 for your groceries.

375
00:12:59,680 --> 00:13:00,100
Like you're,

376
00:13:00,100 --> 00:13:02,470
you're giving each dollar a job,

377
00:13:02,500 --> 00:13:04,750
like putting it into whatever envelope,

378
00:13:04,840 --> 00:13:06,340
but it's flexible in that.

379
00:13:06,340 --> 00:13:06,700
It's like,

380
00:13:06,730 --> 00:13:08,050
oh, I want to go out to eat.

381
00:13:08,080 --> 00:13:09,880
Oh, but I've used my dining out budget.

382
00:13:10,150 --> 00:13:12,520
I'll just pull it over from one of these other line

383
00:13:12,520 --> 00:13:14,590
items. So you're just kind of moving money around,

384
00:13:14,740 --> 00:13:18,160
but like you're knowing where everything's spending and you can plan

385
00:13:18,190 --> 00:13:19,420
where to spend everything.

386
00:13:19,480 --> 00:13:23,500
So I'm actually using it a little bit differently than how

387
00:13:23,500 --> 00:13:24,370
they recommend it.

388
00:13:24,400 --> 00:13:25,690
I will let you know about that,

389
00:13:25,960 --> 00:13:29,560
but first the way that they recommend using it and the

390
00:13:29,560 --> 00:13:32,170
way it was built around these four roles.

391
00:13:32,380 --> 00:13:33,220
So number one,

392
00:13:33,250 --> 00:13:34,870
you give every dollar a job.

393
00:13:35,110 --> 00:13:36,430
So, you know,

394
00:13:36,430 --> 00:13:40,030
your paycheck comes in or you pay yourself out of your

395
00:13:40,030 --> 00:13:41,170
business and your,

396
00:13:41,200 --> 00:13:41,470
you know,

397
00:13:41,470 --> 00:13:42,220
comes in and you're like,

398
00:13:42,220 --> 00:13:43,390
I have $3,000.

399
00:13:43,390 --> 00:13:45,310
It goes to ready to assign at the top.

400
00:13:45,670 --> 00:13:47,230
And then you have your budget at the bottom.

401
00:13:48,280 --> 00:13:49,150
So it can be like,

402
00:13:49,150 --> 00:13:49,420
you know,

403
00:13:49,420 --> 00:13:51,520
mortgage is $1,700.

404
00:13:51,790 --> 00:13:52,480
So you're like,

405
00:13:52,510 --> 00:13:52,720
all right,

406
00:13:52,720 --> 00:13:54,430
I'm going to take a thousand dollars to the mortgage.

407
00:13:54,460 --> 00:13:55,300
I'm going to put,

408
00:13:56,230 --> 00:13:56,680
you know,

409
00:13:56,710 --> 00:13:58,000
this much to my groceries.

410
00:13:58,030 --> 00:14:00,460
I'm going to put this much on my taxes and insurance.

411
00:14:00,460 --> 00:14:01,180
I'm going to do blah,

412
00:14:01,180 --> 00:14:01,570
blah, blah.

413
00:14:01,780 --> 00:14:02,470
So you can like,

414
00:14:02,650 --> 00:14:04,960
just start to put it on these different line items to

415
00:14:04,960 --> 00:14:05,680
assign it,

416
00:14:05,680 --> 00:14:06,490
to have a job.

417
00:14:06,640 --> 00:14:07,150
So that way,

418
00:14:07,150 --> 00:14:08,890
when that mortgage comes due at the end of the month,

419
00:14:08,920 --> 00:14:09,190
you're like,

420
00:14:09,190 --> 00:14:10,990
man, I've already allotted money for it.

421
00:14:11,200 --> 00:14:12,040
It's fantastic.

422
00:14:12,310 --> 00:14:16,900
The second rule is to embrace true expenses.

423
00:14:17,260 --> 00:14:18,250
And again,

424
00:14:18,310 --> 00:14:23,470
that is just like figuring out where we spend money.

425
00:14:23,680 --> 00:14:26,140
And then as you start to track it a little bit

426
00:14:26,140 --> 00:14:27,700
more, you can start to see,

427
00:14:28,600 --> 00:14:31,660
okay, so I have some big yearly expenses.

428
00:14:31,660 --> 00:14:34,870
Like my property taxes are due in August.

429
00:14:34,900 --> 00:14:36,220
That's like a $4,000

430
00:14:36,220 --> 00:14:37,720
bill. How much is that?

431
00:14:37,720 --> 00:14:38,380
Per month?

432
00:14:38,530 --> 00:14:41,680
You can set aside money per month to pay something like

433
00:14:41,680 --> 00:14:43,630
that. If it's something like man,

434
00:14:43,630 --> 00:14:45,910
every month that comes up to be like Christmas time.

435
00:14:45,910 --> 00:14:49,930
And I feel a little strapped because I haven't planned for

436
00:14:49,930 --> 00:14:52,460
that. Or it's just too much of a financial outlay that

437
00:14:52,460 --> 00:14:55,220
month. And like every December and January I'm stressed.

438
00:14:55,400 --> 00:14:55,850
All right.

439
00:14:56,030 --> 00:14:58,250
Well, let's kind of take that big amount,

440
00:14:58,250 --> 00:15:00,140
what we usually spend and break it up monthly.

441
00:15:00,140 --> 00:15:01,880
So then by the time that rolls around,

442
00:15:02,120 --> 00:15:04,520
oh, that money is already earmarked for it.

443
00:15:04,820 --> 00:15:09,800
So that is what they mean by embracing those true expenses.

444
00:15:09,920 --> 00:15:14,510
And then number three is rolling with the punches because like

445
00:15:14,510 --> 00:15:14,930
I said,

446
00:15:15,500 --> 00:15:16,370
I don't want to,

447
00:15:16,460 --> 00:15:16,880
you know,

448
00:15:17,540 --> 00:15:21,170
forego a nice dinner out with some friends if I want

449
00:15:21,170 --> 00:15:21,440
to go.

450
00:15:21,590 --> 00:15:24,860
So you can then take a look at where that money

451
00:15:24,860 --> 00:15:26,090
is allocated and say,

452
00:15:26,150 --> 00:15:27,170
oh, all right,

453
00:15:27,170 --> 00:15:28,040
well, you know,

454
00:15:28,070 --> 00:15:31,040
maybe I don't need as much for groceries or maybe this

455
00:15:31,040 --> 00:15:32,630
other thing that I've been saving for,

456
00:15:32,690 --> 00:15:34,640
oh, I'd rather go out to dinner then.

457
00:15:34,640 --> 00:15:36,290
And that can be pushed back a little bit.

458
00:15:36,470 --> 00:15:41,150
So what allows you to make decisions based on your values

459
00:15:41,150 --> 00:15:44,540
based on what you want to do in that moment?

460
00:15:44,900 --> 00:15:45,140
You know,

461
00:15:45,140 --> 00:15:46,400
there's no right or wrong.

462
00:15:46,400 --> 00:15:49,250
There's no judgment for pulling money from one line item to

463
00:15:49,250 --> 00:15:53,180
another. It's just allowing you to see kind of what you're

464
00:15:53,180 --> 00:15:56,360
dealing with because you know,

465
00:15:56,930 --> 00:15:58,010
money and math,

466
00:15:58,040 --> 00:15:59,090
it's finite like it,

467
00:15:59,330 --> 00:16:00,380
there's X number of dollars.

468
00:16:00,380 --> 00:16:01,490
Things cost this much.

469
00:16:01,850 --> 00:16:03,620
You need to make sure it adds up.

470
00:16:03,800 --> 00:16:05,930
Maybe our government needs to use why NAB,

471
00:16:06,410 --> 00:16:09,470
they need something anyway.

472
00:16:09,770 --> 00:16:13,700
Okay. And then rule number four is to age your money.

473
00:16:14,030 --> 00:16:17,750
And what that means is essentially the longer you do this,

474
00:16:18,290 --> 00:16:22,340
you can start to work in a way that your pain,

475
00:16:22,580 --> 00:16:26,210
your may expenses with April's money.

476
00:16:26,480 --> 00:16:29,510
So like you're basically a month ahead of your bills.

477
00:16:29,660 --> 00:16:33,350
So you have this built in savings cushion.

478
00:16:33,680 --> 00:16:36,110
So when unexpected things pop up like,

479
00:16:36,230 --> 00:16:38,360
oh, my car just needs new brakes.

480
00:16:38,690 --> 00:16:42,440
Then you have plenty of money in your budget that was,

481
00:16:42,440 --> 00:16:42,920
you know,

482
00:16:43,070 --> 00:16:45,980
going to be earmarked for next month expenses.

483
00:16:46,190 --> 00:16:46,700
That's okay.

484
00:16:46,700 --> 00:16:49,460
You can pull some to cover this,

485
00:16:50,180 --> 00:16:50,480
you know,

486
00:16:50,510 --> 00:16:53,000
unexpected expense and you still have plenty of time to make

487
00:16:53,000 --> 00:16:55,850
up those expenses that are coming up in the future.

488
00:16:56,120 --> 00:16:57,680
So those are the four main roles.

489
00:16:57,800 --> 00:16:59,270
And you know,

490
00:16:59,270 --> 00:17:00,260
I've got to say,

491
00:17:00,500 --> 00:17:03,110
is an entrepreneur with a variable income.

492
00:17:04,070 --> 00:17:07,430
We need something like this more than your average bear,

493
00:17:07,910 --> 00:17:09,590
because you know,

494
00:17:09,590 --> 00:17:10,640
sometimes we're like,

495
00:17:10,760 --> 00:17:12,260
oh, this was a good,

496
00:17:12,260 --> 00:17:12,740
you know,

497
00:17:12,770 --> 00:17:13,970
this was great beer.

498
00:17:13,970 --> 00:17:15,140
This was a little bit,

499
00:17:15,410 --> 00:17:16,370
a little bit more lean.

500
00:17:16,400 --> 00:17:17,630
Oh, what's January.

501
00:17:18,380 --> 00:17:18,740
You know,

502
00:17:18,740 --> 00:17:22,790
so it's really important to really truly have a handle on

503
00:17:22,790 --> 00:17:26,780
these numbers when you are dealing with a more variable income.

504
00:17:27,410 --> 00:17:29,000
So, gosh,

505
00:17:29,060 --> 00:17:29,390
I mean,

506
00:17:29,990 --> 00:17:32,030
and if you're still a W2 employee and you know,

507
00:17:32,030 --> 00:17:35,480
you have certain money coming in still super helpful,

508
00:17:35,720 --> 00:17:36,840
but if you guys are,

509
00:17:36,840 --> 00:17:38,720
are dealing with that variable income,

510
00:17:39,170 --> 00:17:41,390
man, this is just a game changer,

511
00:17:41,660 --> 00:17:43,220
absolute game changer.

512
00:17:43,790 --> 00:17:50,190
So how I use this differently is that I don't want

513
00:17:50,190 --> 00:17:52,440
to spend the time I started when I started playing with

514
00:17:52,440 --> 00:17:56,010
it. I started trying to like create a,

515
00:17:56,040 --> 00:17:59,940
alright, I I'm going to spend $400 on groceries.

516
00:17:59,940 --> 00:18:01,140
I'm going to spend this on this,

517
00:18:01,140 --> 00:18:01,890
this and that.

518
00:18:01,890 --> 00:18:03,420
And I just,

519
00:18:04,050 --> 00:18:04,500
I don't know,

520
00:18:04,530 --> 00:18:05,880
it doesn't work for my brain.

521
00:18:05,940 --> 00:18:07,170
It doesn't work for me.

522
00:18:07,410 --> 00:18:09,180
I was spending way too much time,

523
00:18:09,180 --> 00:18:11,370
like reallocating money of like,

524
00:18:11,400 --> 00:18:12,810
oh, I didn't expect that one.

525
00:18:12,810 --> 00:18:14,850
Let me pull that over here and this over there.

526
00:18:14,850 --> 00:18:16,050
And it was just,

527
00:18:16,410 --> 00:18:17,250
it was just too much.

528
00:18:17,310 --> 00:18:20,970
So I don't like to assign every dollar and get to

529
00:18:20,970 --> 00:18:22,050
that zero,

530
00:18:22,080 --> 00:18:23,460
ready to sign up top.

531
00:18:23,520 --> 00:18:27,540
What I do is I put in all my expenses that

532
00:18:27,540 --> 00:18:31,050
I know are coming every month that are fixed my mortgage.

533
00:18:31,140 --> 00:18:31,440
You know,

534
00:18:31,440 --> 00:18:35,550
I put in a approximately what my utilities usually are HOA

535
00:18:35,550 --> 00:18:37,860
expenses board for my horse,

536
00:18:37,950 --> 00:18:38,730
things like that,

537
00:18:38,730 --> 00:18:41,340
that I just know are coming every single month.

538
00:18:41,490 --> 00:18:42,450
And then,

539
00:18:43,200 --> 00:18:44,340
then the,

540
00:18:44,340 --> 00:18:45,330
with everything else,

541
00:18:45,330 --> 00:18:46,380
like the groceries,

542
00:18:46,410 --> 00:18:47,730
the household items,

543
00:18:47,760 --> 00:18:50,130
the soccer expenses,

544
00:18:50,160 --> 00:18:51,870
the, you know,

545
00:18:51,900 --> 00:18:55,710
vacations, all that stuff is all kind of down below.

546
00:18:55,830 --> 00:19:01,170
And I just move money to those line items when the

547
00:19:01,170 --> 00:19:02,280
charge happens.

548
00:19:02,520 --> 00:19:04,680
And I keep above basically,

549
00:19:04,680 --> 00:19:06,090
it's how I used to manage my money.

550
00:19:06,090 --> 00:19:10,260
And Quicken like that ready to assign is basically the money

551
00:19:10,260 --> 00:19:11,430
that I have to spend.

552
00:19:11,520 --> 00:19:11,900
Like the,

553
00:19:11,900 --> 00:19:16,770
the money that is not already earmarked to my different credit

554
00:19:16,770 --> 00:19:17,730
cards or,

555
00:19:17,730 --> 00:19:18,030
you know,

556
00:19:18,090 --> 00:19:19,500
it's not money that I've already spent.

557
00:19:19,770 --> 00:19:20,610
It's what I'm getting at.

558
00:19:20,970 --> 00:19:24,990
So that just makes more sense to me that I could

559
00:19:24,990 --> 00:19:26,190
look at that and be like,

560
00:19:26,250 --> 00:19:27,240
oh, all right,

561
00:19:27,300 --> 00:19:29,160
there is $600 there.

562
00:19:29,160 --> 00:19:30,480
And you know,

563
00:19:30,480 --> 00:19:33,240
our next payday is Friday and it's Wednesday.

564
00:19:33,240 --> 00:19:35,400
Yeah. A hundred percent let's go out to eat or let's

565
00:19:35,400 --> 00:19:36,120
do this or that.

566
00:19:36,530 --> 00:19:36,920
And, you know,

567
00:19:36,930 --> 00:19:39,660
and you can have different things if you're saving towards a

568
00:19:39,660 --> 00:19:40,770
goal. So,

569
00:19:40,800 --> 00:19:41,160
you know,

570
00:19:41,160 --> 00:19:44,010
we have a vacation to Costa Rica coming up in April

571
00:19:44,010 --> 00:19:46,530
so I can create a little savings target there so I

572
00:19:46,530 --> 00:19:49,740
can keep funneling money there to get that all good to

573
00:19:49,740 --> 00:19:51,750
go by the time we leave.

574
00:19:51,780 --> 00:19:52,230
So, you know,

575
00:19:52,230 --> 00:19:54,450
there's just different ways to manage it and you have to

576
00:19:54,450 --> 00:19:56,670
plan and play with it to see what works for you,

577
00:19:57,420 --> 00:19:58,740
but that's how I do that.

578
00:19:58,830 --> 00:20:02,220
And then the other thing that I do is I take

579
00:20:02,220 --> 00:20:03,180
my big expenses,

580
00:20:03,180 --> 00:20:04,590
my property taxes,

581
00:20:04,890 --> 00:20:05,670
life insurance,

582
00:20:05,670 --> 00:20:07,170
payments, homeowners,

583
00:20:07,170 --> 00:20:08,280
insurance, payments,

584
00:20:08,370 --> 00:20:09,240
all of those,

585
00:20:09,270 --> 00:20:09,780
you know,

586
00:20:09,810 --> 00:20:11,220
kind of auto insurance,

587
00:20:11,220 --> 00:20:14,550
like those bigger expenses than only happen once a year and

588
00:20:14,580 --> 00:20:16,830
figure out what they all are over the course of a

589
00:20:16,830 --> 00:20:18,780
year, divide by 12.

590
00:20:18,840 --> 00:20:23,100
And then I just make a monthly deposit into a different

591
00:20:23,100 --> 00:20:24,000
savings account.

592
00:20:24,330 --> 00:20:26,010
So for things like that,

593
00:20:26,010 --> 00:20:28,200
I do have an online savings account.

594
00:20:28,200 --> 00:20:33,960
That's not at my regular bank and that just pays a

595
00:20:33,960 --> 00:20:35,010
little bit more interest.

596
00:20:35,430 --> 00:20:38,070
I know more interest is kind of an oxymoron right now,

597
00:20:39,000 --> 00:20:40,410
but unfortunately,

598
00:20:40,410 --> 00:20:43,620
fortunately, fortunately the interest is going to be going up.

599
00:20:43,650 --> 00:20:44,850
But unfortunately,

600
00:20:44,850 --> 00:20:47,860
because inflation is also going significantly.

601
00:20:47,860 --> 00:20:49,600
So I don't know what is better.

602
00:20:49,660 --> 00:20:54,760
Regardless. A lot of online banks have a higher interest rate,

603
00:20:54,760 --> 00:20:58,660
so I usually move any savings there.

604
00:20:58,870 --> 00:21:01,480
So I will just have a savings account there that is

605
00:21:01,480 --> 00:21:04,540
sure. Only for taxes and insurance.

606
00:21:04,840 --> 00:21:07,330
And then I have our personal savings account in that bank

607
00:21:07,360 --> 00:21:07,990
as well.

608
00:21:08,200 --> 00:21:11,200
So each month I just move automatically set it up,

609
00:21:11,230 --> 00:21:12,550
that it's an automatic transfer.

610
00:21:12,580 --> 00:21:15,730
I have it in my why NAB in there so that

611
00:21:15,730 --> 00:21:17,080
I know that it's happening,

612
00:21:17,230 --> 00:21:19,090
the money gets allocated for it.

613
00:21:19,090 --> 00:21:23,260
It's a monthly target and it just all happens in the

614
00:21:23,260 --> 00:21:25,150
backend. And then when I pay one of those bills,

615
00:21:25,150 --> 00:21:27,130
I just transfer that money from that savings account,

616
00:21:27,160 --> 00:21:29,170
into my main checking and bump it's covered.

617
00:21:29,980 --> 00:21:33,400
Okay. And then the same thing with my credit card payments.

618
00:21:34,060 --> 00:21:37,660
That was really what I was looking for when I came

619
00:21:37,660 --> 00:21:40,960
into this was a two goals,

620
00:21:41,230 --> 00:21:42,790
knowing what I was spending,

621
00:21:43,120 --> 00:21:44,470
knowing what money was coming in.

622
00:21:44,470 --> 00:21:49,660
So to have a really clear handle on exactly what my

623
00:21:49,660 --> 00:21:52,450
monthly expenses are and where we spend our money.

624
00:21:52,570 --> 00:21:53,470
And then number two,

625
00:21:53,500 --> 00:21:57,880
to be able to really easily manage all these credit cards

626
00:21:57,940 --> 00:22:00,280
because hashtag credit card addict,

627
00:22:00,520 --> 00:22:03,190
hashtag I have a lot of credit cards hashtag I like

628
00:22:03,190 --> 00:22:03,970
free travel.

629
00:22:04,210 --> 00:22:06,970
Hashtag if you want some tips,

630
00:22:06,970 --> 00:22:07,600
let me know.

631
00:22:08,290 --> 00:22:08,800
Speaking of which,

632
00:22:08,800 --> 00:22:09,730
have you guys ever seen,

633
00:22:10,180 --> 00:22:11,080
I got that from,

634
00:22:11,530 --> 00:22:12,370
if you want to laugh,

635
00:22:12,790 --> 00:22:14,140
look up Saturday night,

636
00:22:14,140 --> 00:22:18,310
live hashtag Jimmy Fallon and Justin Timberlake.

637
00:22:19,390 --> 00:22:19,930
You're welcome.

638
00:22:21,100 --> 00:22:22,570
Sterile. Okay.

639
00:22:23,440 --> 00:22:26,230
Anyway, so that is how all of that works.

640
00:22:28,540 --> 00:22:28,870
I just,

641
00:22:28,900 --> 00:22:29,650
I just love it.

642
00:22:29,810 --> 00:22:32,170
Highly recommend you guys go check it out.

643
00:22:32,170 --> 00:22:33,790
If you don't currently have,

644
00:22:33,790 --> 00:22:36,760
if you already have a system and you can answer.

645
00:22:36,820 --> 00:22:38,350
When I asked at the beginning of like,

646
00:22:38,380 --> 00:22:40,060
Hey, how much money do you spend a month?

647
00:22:40,240 --> 00:22:41,200
Do you know where it goes?

648
00:22:41,260 --> 00:22:42,640
Do you know how much money's coming in?

649
00:22:43,140 --> 00:22:45,250
Great. If you can answer that quickly and easily,

650
00:22:45,250 --> 00:22:46,750
and you know where that information is,

651
00:22:46,930 --> 00:22:47,830
you are good to go.

652
00:22:48,040 --> 00:22:48,880
But if you can't,

653
00:22:49,330 --> 00:22:51,760
I recommend that you maybe check this out.

654
00:22:51,910 --> 00:22:54,400
It is a paid service,

655
00:22:54,490 --> 00:22:55,810
but it's a hundred dollars a year.

656
00:22:56,260 --> 00:22:57,610
And some people are like,

657
00:22:57,640 --> 00:22:58,120
oh gosh,

658
00:22:58,150 --> 00:22:58,900
that's a lot,

659
00:22:59,170 --> 00:23:00,970
man. How much money can you save?

660
00:23:00,970 --> 00:23:04,060
And how much is your peace of mind of knowing that

661
00:23:04,060 --> 00:23:06,160
you know exactly where your money is,

662
00:23:06,190 --> 00:23:08,500
what your money is doing and that your bills are going

663
00:23:08,500 --> 00:23:09,250
to be covered?

664
00:23:09,790 --> 00:23:11,230
I think it's a hundred percent worth it.

665
00:23:11,710 --> 00:23:14,470
We do have a special little affiliate link.

666
00:23:14,470 --> 00:23:18,430
So here are the dog academy.com/y

667
00:23:18,430 --> 00:23:19,750
N a B,

668
00:23:20,140 --> 00:23:22,090
and then you'll get an additional free month.

669
00:23:22,090 --> 00:23:22,900
So when you sign up,

670
00:23:22,900 --> 00:23:24,520
there's a free month anyway.

671
00:23:24,520 --> 00:23:25,810
So the free 34 days.

672
00:23:25,810 --> 00:23:27,610
So you can go through a whole billing cycle.

673
00:23:27,990 --> 00:23:29,770
They have a zillion,

674
00:23:30,100 --> 00:23:35,530
different webinars and knowledge banks and things where you can like

675
00:23:35,560 --> 00:23:37,120
tells you exactly how to set it up.

676
00:23:37,390 --> 00:23:39,850
There's a blog post about how to set it up and

677
00:23:39,850 --> 00:23:40,180
use it.

678
00:23:40,180 --> 00:23:41,620
If you have variable income,

679
00:23:41,860 --> 00:23:42,730
how to use it,

680
00:23:42,730 --> 00:23:44,980
if you are paying off debt versus how to use,

681
00:23:45,080 --> 00:23:48,290
if you're using credit cards and paying them off each month.

682
00:23:48,320 --> 00:23:51,440
So there's a ton of tutorials to help you set it

683
00:23:51,440 --> 00:23:52,940
up to exactly how you like.

684
00:23:53,090 --> 00:23:53,630
But anyway,

685
00:23:53,900 --> 00:23:56,810
if you use that link after you get your free month,

686
00:23:56,840 --> 00:23:57,560
if you sign up,

687
00:23:57,590 --> 00:24:00,980
you'll get an additional free month on the backend of either

688
00:24:00,980 --> 00:24:02,450
the yearly or monthly plan.

689
00:24:02,450 --> 00:24:04,220
It's 1499 a month.

690
00:24:04,490 --> 00:24:05,870
If you do the monthly panel plan,

691
00:24:06,140 --> 00:24:08,570
but you'll get an extra free month then as well.

692
00:24:09,230 --> 00:24:09,770
By the way,

693
00:24:09,770 --> 00:24:11,600
I should mention that you don't even have to put in

694
00:24:11,600 --> 00:24:13,970
a credit card to do that 34 day free trial.

695
00:24:14,000 --> 00:24:14,990
Just go sign up,

696
00:24:15,020 --> 00:24:15,740
check it out.

697
00:24:16,040 --> 00:24:17,930
So you don't have to worry about getting charged.

698
00:24:17,930 --> 00:24:20,570
If you forget to cancel or you end up not liking

699
00:24:20,570 --> 00:24:22,190
it. So there's seriously,

700
00:24:22,250 --> 00:24:23,030
no risk,

701
00:24:23,450 --> 00:24:24,200
go check it out.

702
00:24:24,560 --> 00:24:27,230
It's been blowing my mind and I a hundred percent wanted

703
00:24:27,230 --> 00:24:31,520
to share because I'm managing our personal finance is such an

704
00:24:31,520 --> 00:24:34,190
important part of having a successful business.

705
00:24:34,190 --> 00:24:38,330
Because if you are stressed about your personal finances,

706
00:24:38,600 --> 00:24:41,270
that stress is going to carry over into your business.

707
00:24:41,570 --> 00:24:46,430
And that energy is going to be carrying over to potential

708
00:24:46,460 --> 00:24:48,710
clients, potential inquiries.

709
00:24:49,070 --> 00:24:53,330
So the more that you can just manage your personal finances

710
00:24:53,570 --> 00:24:56,420
from a place of power and,

711
00:24:56,990 --> 00:24:58,280
and just knowledge,

712
00:24:58,340 --> 00:25:01,190
the easier it is to run a successful business.

713
00:25:01,490 --> 00:25:03,260
So check it out,

714
00:25:03,830 --> 00:25:06,860
let me know how you are liking it,

715
00:25:07,010 --> 00:25:10,570
or if there's any other ways that you manage your,

716
00:25:10,570 --> 00:25:13,130
your finances that you really love.

717
00:25:13,280 --> 00:25:13,580
I mean,

718
00:25:13,580 --> 00:25:15,110
I'm a sucker for software.

719
00:25:15,110 --> 00:25:17,300
So if there are some great tool out there,

720
00:25:17,300 --> 00:25:17,690
let me know.

721
00:25:17,690 --> 00:25:17,930
I mean,

722
00:25:17,930 --> 00:25:20,060
I'm, I'm sticking with this one cause I love it,

723
00:25:20,270 --> 00:25:21,410
but I would love to also,

724
00:25:21,650 --> 00:25:22,460
I love to see,

725
00:25:22,460 --> 00:25:24,860
I love to see all different ways to do things.

726
00:25:24,860 --> 00:25:26,270
So let me know.

727
00:25:26,840 --> 00:25:29,150
Instagram is at hair of the dog academy.

728
00:25:29,330 --> 00:25:33,170
You can of course join us and our big free hair

729
00:25:33,170 --> 00:25:36,470
of the dog [email protected],

730
00:25:36,470 --> 00:25:38,120
the dog academy.com,

731
00:25:38,600 --> 00:25:39,380
or you can go to hair,

732
00:25:39,380 --> 00:25:41,270
the dog academy.com/community.

733
00:25:41,300 --> 00:25:42,380
It'll also take you there.

734
00:25:42,410 --> 00:25:43,580
And yeah,

735
00:25:43,670 --> 00:25:46,490
we would love to hear about how this is working for

736
00:25:46,490 --> 00:25:48,710
you and happy.

737
00:25:49,130 --> 00:25:50,510
I don't want to say happy budgeting.

738
00:25:50,510 --> 00:25:51,140
Cause again,

739
00:25:51,470 --> 00:25:53,810
budgeting has a bad connotation to it.

740
00:25:53,810 --> 00:25:54,890
It is not budgeting,

741
00:25:55,370 --> 00:25:56,660
happy money management.

742
00:25:56,750 --> 00:25:57,290
How about that?

743
00:25:57,920 --> 00:25:58,280
All right,

744
00:25:58,430 --> 00:25:59,450
I'll see you guys next week.

745
00:26:00,200 --> 00:26:02,390
If you enjoy this podcast episode,

746
00:26:02,390 --> 00:26:05,780
go ahead and take a screenshot of this episode on your

747
00:26:05,780 --> 00:26:09,230
phone and posted up there on your Instagram stories and be

748
00:26:09,230 --> 00:26:12,890
sure to tag us at hair of the dog academy.

749
00:26:13,220 --> 00:26:16,790
And we would just love to see how you're listening and

750
00:26:16,790 --> 00:26:17,900
a full disclosure.

751
00:26:18,020 --> 00:26:21,470
Sometimes we just like to give away a little pet photographer,

752
00:26:21,470 --> 00:26:25,310
swag in the form of hair of the dog t-shirts and

753
00:26:25,310 --> 00:26:28,160
sweatshirts. So what are you waiting for?

754
00:26:28,460 --> 00:26:31,580
Go ahead and share that screenshot of this episode.

755
00:26:31,850 --> 00:26:33,690
And don't forget to tag us at hair,

756
00:26:33,720 --> 00:26:34,520
the dog academy.

757
00:26:35,120 --> 00:26:36,140
And while you're there,

758
00:26:36,590 --> 00:26:38,870
maybe you want to jump on over to our account and

759
00:26:38,870 --> 00:26:42,050
see what we're up to on the gram would love to

760
00:26:42,050 --> 00:26:42,860
connect with you.

761
00:26:43,410 --> 00:26:45,480
Thanks for listening to the hair of the dog podcast.

762
00:26:45,600 --> 00:26:47,820
This was episode number 136.

763
00:26:48,090 --> 00:26:50,040
If you want to check out the show notes for access

764
00:26:50,040 --> 00:26:51,960
to any of the resources that we mentioned,

765
00:26:52,200 --> 00:26:56,640
simply go to www.hairofthedogacademy.com/

766
00:26:56,640 --> 00:26:59,760
1 3 6.

767
00:26:59,760 --> 00:27:02,880
Thanks for listening to this episode of hair of the dog

768
00:27:02,280 --> 00:27:04,650
podcast. If you enjoyed this show,

769
00:27:04,770 --> 00:27:06,480
please take a minute to leave a review.

770
00:27:06,690 --> 00:27:07,560
And while you're there,

771
00:27:07,710 --> 00:27:09,060
don't forget to subscribe.

772
00:27:09,120 --> 00:27:11,370
So you don't miss our upcoming episodes.

773
00:27:11,880 --> 00:27:12,600
One last thing,

774
00:27:12,990 --> 00:27:15,660
if you are ready to dive into more resources,

775
00:27:15,930 --> 00:27:21,330
head over to our [email protected].

776
00:27:21,660 --> 00:27:24,870
Thanks for being a part of this pet photography community.