Lewis HowesYour Personal 24/7 Greatness Coach

Money Expert: You Cannot Manage Your Money If You're Not...

26 Feb 2025 · 1 min

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This content was created by Lewis Howes. This content was uploaded by Lewis Howes. This is a YouTube video titled "Money Expert: You Cannot Manage Your Money If You're Not..." created on February 26, 2025. It features a speaker discussing the importance of tracking finances, listing debts, and creating a budget to manage money effectively.

Chapters

Here's the truth. You cannot manage your money if you're not measuring it. You can't really understand what you're doing and where you're going if you're not tracking what it's doing. List out everything. Yo, I owe this bank this. I owe that bank this. I'm going to list out all the debt, then I'm going to take that information and I'm going to put it on this budget. And here's the truth. If we're going to be honest, it is going to frustrate you. Yeah. It is going to make you feel depressed a little bit. You're going to feel discouraged a little bit. Because what's going to happen is you're going to see you have more debt than you have income. Once I see that I have all this debt, I'm going to measure. Okay, what is the income strategy that I need to come up with that is going to create margin and help me pay off my debt?