This video covers the optimal order to prioritize you expenses every time you get paid. By following this order, you'll gain all the knowledge you need to go out and master your own finances - Enjoy!
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⏰ Timestamps ⏰
00:00 Intro
00:51 Priority #1
02:05 Priority #2
04:54 Priority #3
06:46 Priority #4
10:58 Priority #5
11:49 Priority #6
13:29 Priority #7
15:31 Priority #8
Why should you pay off high-interest debt before saving for emergencies?
High-interest debts, like credit cards with 15-30% interest rates, cost you a lot. Paying them off first saves more money than letting it grow in savings.
How much should I have in an emergency fund?
Ideally, save enough to cover 3-6 months of living expenses. If you’re still paying off high-interest debt, start with one month’s expenses.
Why are retirement accounts important for long-term wealth?
Investing in retirement accounts like Roth IRAs or 401(k)s helps your money grow tax-free or tax-deferred, providing significant financial benefits for your future.
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This content is for entertainment only and does not constitute legal, tax, or financial advice. It is for general informational purposes. The presenter is not a licensed professional. Viewers should consult their attorney, accountant, or financial advisor for advice on specific legal, tax, or financial issues.