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Just came by to say keep up the good work!
One piece of advice I always use is every dollar should have a name. Is it going to retirement, a vacation, toward a new car, or just to pay a bill or an emergency?
Dave Ramsey follower here. Been debt free for 7 years and paid off the house almost 2 years ago.
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I don't agree with some of the Ramsey stuff for my personal goals but it's VERY important to assign everything a purpose.
You personal finances are not personal. It's a business. Run it that way. Leakage kills businesses. I (and every non bankrupt manager in my industry) know their margins, overhead, and income. Identify the leakage and fix it. Every month. Hammer the details. That's how you get rich, or meet whatever goal you want to meet.
A good example. I was talking with a customer last year. He owned a small business and one day decided he wanted to manage dairies. Now he is a partner and overseas 4 large dairies milking 20,000 cows. My competition had cost him his bonus at a barn. I said "we'd love to have a chance to fix it, what does that bonus run at current milk prices, about $21,500 a month?"
$21,285.46
That's a man that knows his numbers.
The managers that don't know their numbers like that work hard. They always work hard. They turn a lot of money but nothing is ever left over. It all goes to the bank, the vendors, the cows, the equipment financing company. They don't fucking know. It just goes. That's all they know.
I own a business with family partners outside of my industry. I know to the tenth of a % what every line item in the budget is.
Same with my own budget, I had it so well mapped out that I actually turned it over to my mom (she does our bookkeeping). It took me 20 minutes to go over it with her and she was able to manage my finances for me. She just has to follow the rules.
I've worked with people that didn't know why they never had money to save, but they spent 50-75 bucks a day on crap at the gas station. Leakage.