Financial Freedom - Financial Fitness with Alan Akina

Good morning, gang. Hope you all had a wonderful Fourth of July weekend celebrating our country's independence and freedom. Now, speaking of freedom, the number one financial freedom question I hear all the time is, "I want to do better with my money, but I just don't know where to start." Now, if you're asking these questions, then you are on the right track because you recognize the need. Now, to help you to get started, do these three things first before you do anything else with your money. Build a budget that tracks every dollar coming into your pocket and every dollar that leaves your pocket. Be as detailed as possible and project forward at least 2 to 3 months. The key is to spend less than you make each and every month. Pay off debt starting with the highest interest rate debt first. Debt is by far the biggest stressor most of us have to deal with. Paying off debt quickly will bring financial peace to your life. Start building an emergency fund. Having money available to you for those unexpected road bumps in life will give you the freedom to live with less stress. For Wake Up Today, I'm Alan Akina. See you on Wednesday!