These 3 Decisions Are Worth $500K+

Because after all of that discipline and guilt, how much did you actually save? $12 a month? Did you even invest that $12? Of course not. You are suffering, but not for a purpose. Instead of optimizing every little expense, I want you to focus on a few big decisions, the kind that you only need to make 2 or 3 times in your life. Get those right, because if you get just one of them right, it can be worth over half a million dollars over the next 30 years. But get it wrong like so many people do, and that same money just disappears without you even noticing it. Big win number 1: your housing. Your goal is for your total housing cost to be no more than 28% of your gross income. If you're making $75,000, your ceiling is $1,750 a month for housing. Who the hell only pays $1,750 a month for their housing? Nobody can afford their housing. It's historically expensive. But here's what I want you to take away from this. You probably had never even heard of this number, 28%. Never. So you had no idea if you were spending too much, too little. It just felt bad. I am now giving you a number that you can look at and be like, oh shit, I'm way over 28%. I'm at 34 or 47%. Now I understand why I feel so stressed out about money. Big win number 2. High-interest debt. If you're carrying a credit card balance right now, you are likely paying around 27% interest. Pay it off aggressively. Big win number 3: spending on what you love. I find that too many people focus on deprivation and they try to cut across the board. Oh, I need to cut 5% off cable, 5% off Amazon, 5% off this. No, you don't. You need to focus on spending on the one, maybe two things you love, and everything else cut ruthlessly. You fix these three areas and you will free up hundreds of dollars, maybe even more per month