How To Turn Your Paycheck Into Financial Freedom | Episode 233

This is where the Melanin Money strategies come together. Join us for the 5-Day Wealth Workshop and learn how to apply what you’ve heard on the show. Sign up here ⬇️ https://www.joinwealthworkshop.com/register?el=vide2o011526&utm_source=direct_to_ticket&utm_medium=yt Timecodes 0:00 Most People Have an Allocation Problem Not Income Problem 0:32 Riches vs Wealth: Income Doesn't Create Wealth 1:22 Your Paycheck Is Your First Business Partner 2:16 The 3 Account System: Fixed Expenses Emergency Wealth 2:43 Past Commitments Account: 50% of Your Paycheck 3:31 Why Investment Transfers Should Come From Your Bill Account 4:02 Emergency Fund: Keep It Invested Not Cash 4:53 Should These Be Separate Bank Accounts? 5:38 How to Set Up Direct Deposit to Multiple Accounts 6:44 The Major Expense Bucket and Everyday Spending 8:12 Calculate Your Disposable Income After All Buckets 9:45 Why Most People Fail at Investing Consistently 11:24 Dollar Cost Averaging Beats Lump Sum Timing 13:42 The Opportunity Cost of Waiting to Invest 15:30 How to Use AI to Audit Your Spending Habits 17:36 Step 1: Audit Your Spending With AI Tools 19:24 Step 2: Automate Your Investing Every Month 21:14 Step 3: Max Out Roth IRA 401k and HSA 22:24 Step 4: Invest in a Flexible Brokerage Account 23:09 Borrow Against Your Portfolio to Buy Real Estate 24:25 Comment Blueprint for the Wealth Builder Guide Follow us for more value https://www.instagram.com/cofield_advisor/?hl=en https://www.instagram.com/georgeacheampongjr/?hl=en