The Formula: Give. Save. Live.

October 2, 2018
Season 2 | Episode 4
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What would your life be like if the financial implication wasn't the primary driver of your decision making? Tune in as we discuss ”The Formula: Give. Save. Live”.

What would your life be like if the financial implication wasn’t the primary driver of your decision making? On this episode of the BYLU Campaign podcast, Daniel and Nathan discuss “The Formula: Give. Save. Live,” the August article where Nate shares the tried and true formula - give first, save/invest second, and live on the rest, to gain control and provide structure to his finances. Tune in as we break down each of the three categories and discuss everything from how Nathan’s grandma changed his perspective on generosity, the difference between a fixed mindset vs. an abundance mindset, and the distinction between our life and our lifestyle.

The BYLU Takeaways:

  • % > $ - Develop a framework that is broken down by percentages that you can apply to your income.
  • Generosity is a habit! 
  • If you are looking forward to Friday and dreading Monday, it’s time to make a change.
  • Not everyone needs to be an entrepreneur, but everyone needs to have enough savings/investments that working is a choice, not an obligation.

Time Stamped Topics:

  • [9:09] - Money Management Habits  
  • [14:19] - The Wealth Gap - Created In Our 20s?
  • [22:56] - Give - Grandma Lu! 
  • [31:45] - Greed - A Fixed Mindset
  • [36:40] - Save/Invest - 7 Streams of Income?
  • [49:30] - Live - The Currency of Life is Time ( Life vs. Lifestyle)
  • [59:08] - A Life You Don’t Need a Vacation From!

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