Jan 27 2025 27 mins
Most people are stuck in a financial trap—and don’t even know it. Is that YOU? In this episode, we’re exposing:
🚨 The budgeting hack that could save you THOUSANDS (hint: it’s the 50-30-20 rule).
💳 The shocking truth about “good debt” vs. “bad debt” (yes, some debt makes you RICH).
⏳ Why delaying your retirement planning could cost you BIG.
🔥 How to escape the paycheck-to-paycheck cycle once and for all.
Unlock the secrets of mastering personal finance management and fundamentally change your financial future. Discover practical strategies to track expenses, set achievable goals, and manage your money wisely. By adopting tools like the 50-30-20 rule, you'll learn to allocate your income effectively into needs, wants, and savings. We also address the common misconceptions about budgeting, making it less tedious and more engaging with the help of digital tools. Prioritising debt repayment is crucial, and we provide insights into building a robust financial foundation that will support your goals for years to come.
Explore the fine line between good and bad debt, understanding how some borrowing can pave the way to wealth while others can trap you in a cycle of high-interest payments. From student loans to investment properties, learn how certain debts can actually enhance your financial health. This episode places a special emphasis on the power of compound interest, the importance of starting your retirement planning early, and seeking professional advice to secure a comfortable future. We uncover common financial pitfalls, like living paycheck to paycheck, and stress the need for better financial literacy and habits, empowering you to navigate the financial world with confidence and clarity.
For any enquiries or to connect with Oscar, Zeke, or their company, Asset Road, listeners can visit the following links:
The advice shared on The Finance Bible is general in nature and does not consider your individual circumstances. The Finance Bible exists purely for educational / entertainment purposes and should not be relied upon to make an investment or financial decision. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial advice tailored towards your needs.