Finance & Fury Podcast

Welcome to Finance & Fury! Today’s we’ll be looking at how to start, once you’ve set your financial goals. This is the starting point for anyone looking to get a plan in place. We have talked about goals in past episodes, but we haven’t really gone into much depth. Goals and Reality – Setting goals and then making it a reality So, where do you start? If you have your financial goals in place that’s a great start. It is about having a strong foundation for the plan and covering the basics. What are the basics to start a plan? We will look in depth at each one of these and what to do with them Budget Debt Management Personal Balance sheet The Foundation Building Blocks Budget: Cashflow is King Cashflow Components - Income, Taxes, Net Cashflow Gross income - What you get from employment or investments Taxes (what is taken out) - Based on marginal tax rates which progresses in brackets Tax Free Threshold - the first $18,200 at 0%, then the next tax bracket is 19%, etc Then, you need to add on the M