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Personal Finance For Beginners: Discover Your Magic Number

Personal Finance For Beginners: Discover Your Magic Number Take my Udemy Course: Stock Market Investing Demystified - https://www.udemy.com/course/stock-ma... Discover your magic number for financial success in this informative video on personal finance. Learn how to achieve financial well-being and empowerment through education and smart money management practices. Start your journey towards financial stability today! Understanding your "Magic Number" is crucial for achieving financial well-being and reaching your goals. In this lecture, we define the magic number, guide you through the steps to calculate it, and explain how it can impact your financial situation. Learn practical strategies to improve your magic number by reducing expenses and increasing income. Discover the importance of tracking your financial health and making informed decisions for a secure financial future. 1. Introduction: Do You Know Your Magic Number? 2. What is Your Magic Number? 3. Calculating Your Magic Number - Step by Step ◦ Understanding Your Monthly Income ◦ Calculating Your Monthly Expenses 4. Detailed Breakdown of Common Expenses ◦ Housing Expenses ◦ Utilities ◦ Transportation ◦ Entertainment and Leisure ◦ Subscriptions and Memberships ◦ Personal Care 5. Section 3: Calculating Your Magic Number ◦ Example Calculation: John’s Monthly Income and Expenses 6. Interpreting the Magic Number ◦ Positive vs. Negative Magic Number 7. Improvement Strategies ◦ Allocating Surplus Income ◦ Reducing Expenses and Increasing Income 8. Importance of the Magic Number ◦ Tracking Financial Health ◦ Making Informed Financial Decisions 9. Steps to Improve Your Magic Number 10. Conclusion: Take Control of Your Finances ❤ FREE EBOOK - How I Made $112,211 From Online Courses and You Can Too - Checklists and Cheatsheets to accelerate your Success! - https://jbdcolley.com/OC112 ❤ SUBSCRIBE NOW: https://jbdcolley.com/YTsubscribe If you liked this video make sure that you subscribe to my Youtube Channel right now. That way you won't miss out on more actionable videos like this one. Just click on the subscribe button on this page now. ❤ QUESTION: Which of the actionable strategies in this video are you going to implement first. Share this with us by leaving a comment below. ❤ WHAT TO WATCH NEXT You may enjoy these videos from the same course: "Business Development and Sales": The First Meeting -    • Business Development: The Secrets to ...   "Business Development and Sales": Materials and Reports -    • "Business Development and Sales": Mat...   "Business Development and Sales": The Pitch -    • "Business Development and Sales": The...   Business Development and Sales: The Keys to Success in Business Development and Sales -    • Want to Get Rich? The Keys to Success...   ❤ SHOP MY PRODUCTS ❤ Are you ready for my Business Strategy Courses? ❤ Business Fundamentals: Business Strategy 2 Business Plan - https://www.udemy.com/course/business... ❤ B2B Sales: Sales Skills To Close High Ticket Sales - https://www.udemy.com/course/b2b-sale... ❤ Business Development Coaching for Cold Calling and Sales - https://www.udemy.com/course/business... ❤ DISCLAIMER: Links included in this description might be affiliate links. If you purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for supporting my channel so I can continue to provide you with free content each week! ❤ DISCLAIMER:This content is for education and entertainment purposes only. John does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal. ❤ COME AND SAY HELLO! YOUTUBE:    / jbdcolley   LINKEDIN:   / jbdcolley   WEBSITE: http://jbdcolley.com TWITTER:   / jbdcolley   LEARN: https://www.udemy.com/user/johncolley/

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