Nobody Taught Us This in Medical School

Insurance is money you hope is wasted. If things go all right, then it's fine. What that means is that if I'm paying for insurance for my car, I'm not hoping to have a car crash so that I can claim the money, right? I hope there's no one here because that might be a psychopath. If you know you've got the option to retire at 55 or 57 or to work a little bit less, you can start structuring your finances so that that could happen. And even if you're beyond that age, at least you know what your options are. To tell how financially well you are, you need to review your systems. If you need to review your system, that also means you need to know the systems. If you don't know the systems, how can you review what you don't know? Now, making a budget is telling your money what to do, but automation is making sure it happens. I'm going to tell you guys some little dirty secret of mine. I'm the only personal finance guy who does— But guess what? Because I've motivated my finances, at the end of the month, things are paid off. And that money is for 3 things, like I said. Paying off your debt. There's what we call good debt and bad debt. So if you've got, like, a credit card of 27%, is that, like, a good debt or bad debt? It's terrible debt.