Organizing Your Life: Financial Management (Being Happier) | Taylor Bruno | Skillshare

Organizing Your Life: Financial Management (Being Happier)

Taylor Bruno, Organization Aficionado

Organizing Your Life: Financial Management (Being Happier)

Taylor Bruno, Organization Aficionado

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8 Lessons (31m)
    • 1. Introduction

      2:50
    • 2. Part 1 | Understanding What Makes You Happy

      3:49
    • 3. Part 1 | Being Aware of Marketing

      2:32
    • 4. Part 1 | Thinking of Time as Money

      4:37
    • 5. Part 2 | Steps to Financial Planning

      3:47
    • 6. Part 2 | Looking at Debt

      6:08
    • 7. Part 2 | Making a Plan

      6:09
    • 8. Conclusion & Next Steps

      1:36
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About This Class

Financial Management is one of those life skills that we aren't taught well enough in school. Being able to live a comfortable life requires some active participation on our part to make sure we are making the most out of the money we have.

In this course we cover topics about understanding your happiness as it relates to financial decisions, and then using that understanding to create a plan that you can follow successfully to grow wealth and long term happiness.

In the first half of this course I interview my husband, Mark, a financial wellness coach and writer, about why happiness matters for financial success. In the second half, Mark walks through evaluating your financial position and making a plan to put your money to work. 

This is meant to be a practical course for people of all levels of financial literacy, though some parts may come easier to you than others. You do not need to know financial terms or how to use a spreadsheet, but this course will be equally helpful as a refresher for those who already have more experience managing their finances.

This class is a part of my series called Organizing Your Life, where I cover various topics including tools you can use to manage your to do lists, how to manage your time, and how to more efficiently use everyday tools like Google Chrome. You can check out my other classes by clicking on those links from my profile.

You can also check out Mark's writing on Financial Wellness by subscribing to his free email updates on the topic. He provides his readers with self-lead exercises to help them improve their financial life. http://www.joiningprosperity.com/subscribe

Let's begin!

Meet Your Teacher

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Taylor Bruno

Organization Aficionado

Teacher

I am a software designer at Netflix and organization is my life. I use the productivity tools to keep track of business projects and my personal life. I genuinely think the world would be a better place if everyone had better organization!

I live in Los Angeles with my husband and using the tools and methods I teach about, we managed our own 4-month home renovation with a team of contractors and we host elaborate dinner parties, themed TV premier parties, and game nights.

I'm always up for an organizational challenge or a good cup of tea, so feel free to reach out with any questions!

 

Check out my website to learn more about me and to subscribe to my mailing list to be notified when I publish new classes and share other organization ... See full profile

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Transcripts

1. Introduction: everyone and welcome to you Organizing your life with financial management. Finances are unbreakable part of our world, an important aspect of an organized life. Financial management goes hand in hand with time management and organizational skills, and you'll find a lot of overlap. We prepared this course to give a ballistic approach to financial management so that you can feel more confident, financially free. I decided to do this course a little bit differently. My husband, Mark, is a personal finance coach, and he also sends regular financial wellness emails to his readers to help them understand and maintain financial wellness. He also meets with his clients one on one to discuss the soft and the hard skills of financial management for this course. I interviewed him about a couple of the common topics he sees with his clients. Some lessons in this course will start with a snippet of our conversation and then end with a summary of the lesson to really drive home the point. So, Mark, can you give on introduction to yourself? Yeah, so everyone I'm marking like Taylor said, I do personal financial, financial coaching on my focus is really a combination of nuts and bolts of personal finances. Well, the soft skills and understanding, goals and happiness and personal growth. I started doing coaching on the side out of my own experiences. So when I graduated from undergrad, I had about $120,000 in student not really forced me to form certain habits in the way I thought about money. In a way, I thought about my time. Be forming the correct goals. Tell me, get out of that situation now. I really enjoy sharing that framework with other people. So that's why I do the coaching on the side. In addition to my personal experiences, I have a degree in finance and a degree in economics. On my day job, I work in consumer technology building financial tools. We broke this course into two parts. In Part one. I'm going to interview Mark about financial wellness and some of the common topics he discusses with clients and then in part two markets, going to talk about some of the specific tactics of personal finance to grow wealth. Part one and Part two could be watched separately if you're only looking for one of thes topics, but we suggest watching them both in part one will cover happiness as a way to make purchasing decisions the power of marketing to influence what you buy and how to value your time alongside your money. Part two. We'll talk about how to approach, paying off debt, building your savings and optimizing retirement and how to put together a financial plan for yourself. Each lesson focuses on practical examples and providing suggestions on ways to apply the lessons to your everyday. We prepared a project for you to take on after the course is complete, the project will directly utilize the concepts we talk about and help you apply them to your life. The goal of this project is to help you jumpstart improving your own finances. Let's get started. 2. Part 1 | Understanding What Makes You Happy: So, Omar, when we were playing this course, we're talking a lot about happiness and how it ties into financial management. Why do you feel so strongly about happiness? Yeah, so there's really no point in financial management. Unless you're thinking about your long term happiness, right? That's money doesn't make you happy. There's no point in growing your wealth. There's no point in getting more money. The only point is to be happier in the long term. I think people sometimes kind of forget that. So if you think about like, why do you have a job you have? Why do you work as hard as you do? Why do you live in a place that you live? Uh, it's sometimes it's a consequence of the factories around you, but often you're thinking about this makes me happy, or I want this job for some sort of advantage. I think that too often I see this with coaching clients as well. They're down a path because they think that's the path that they should go down, and they haven't had this conversation with himself about what really makes them happy. Long term, a lot of the beginning of our conversation just about that saying, Where do you want to be in five years? Where do you want to be in 10 years and then trying to tie that back to good financial management? So we'll go through an exercise and will say, Let's think about the purchases over the past week. For the past month, let's actually look at which one of those are really going toward your long term happiness or which one of those air just sort of hit balls, purchases or short term gratification. And that's the thing of that. Our brains are wired to value short term ratification, much higher long term happiness. There's sort of this interesting psychological dynamic where we want to be gratified immediately for the things that we're doing. So we buy new clothes that they make us feel better or we buy new furniture or we get a newer car right. Those are some examples, larger purchases, but it can happen every day. What I saw just because it only gets happy in this media turn, it doesn't mean that every purchase we make is bad, but it's really important to understand yourself and be able to think about your long term happiness so that you're connecting your short term purchases to them. Happiness. I try and create an internal monologue in my head every time I'm going to make a purchase. I think Is this really aligning with my long term goals? This is driving in the direction I want to be. And that's really the first part of Financial man being able to think about what are your long term goals and making sure that you're not making short term purchases that don't align with that. So what are some tricks that people can use to ensure that they're always thinking about their financial management, their financial happiness, and that ties into their happiness in the long run? Yeah, and again, big part of it is just having this internal monologue and ask yourself that question. First of all, you need to know what makes you happy, long term, and that changes all the time. So it's not that you need to know exactly where you're gonna be in 10 years, but you do want have some sense of what makes you happy and sort of evaluate. But then always asking yourself back, so to summarize what we just talked about. Happiness is inherently tied to financial management. Knowing what makes you happy now and in the future can help you find two and your financial management practices so that you can achieve that long term happiness. We're wired to value short term gratification more than long term happiness, which isn't usually aligned with our financial goals. And the main point of financial management is to be happy in the long term. You need to understand what makes you happy in the long term, so really try to hone in on that. You need to actively practice having an internal monologue with yourself where you ask yourself what will make you happiest in the long run. Practicing this will help you stay on track with your financial management goals. 3. Part 1 | Being Aware of Marketing: Yeah, I find sometimes that it's helpful for me to think about a purchase and whether it will make me happy six months from now, you know, maybe I'll sleep on it and see if I think that the value I can get out of that purchase eyes actually gonna be its greatest. I think it is six months from now or even two days from now, or it is really just something to gratify myself in the short term, like you mentioned. Yeah, And what ends up happening is that marketing is really powerful. So, you know, cos us spend billions of dollars every year on marketing. Facebook and Google are two of the largest companies in the world, and almost all of their revenue is driven by market. No, you're not both work in tech. We've seen this. These massive data sensitive this where you can target people on an individual level on. But I think what ends up happening is that people are so influenced by marketing there. So influenced by this desire that they must purchase something where there is some sort of short term need that they have to fulfill and really, you know, so This is where they enjoyed a model walking like you said, Sleeping on it comes in, you know, fans of like man like Don Draper. This is 19 sixties Manhattan advertising agencies, and it's obviously fantasized. But it is really as well where they're sitting around there saying, How do we make people want this milk? Or how do we make people want e cigarettes? You know, sixties, Um, and today it's 10 or 100 times more powerful with, you know, machine learning, social media, artificial intelligence and these data something we've seen that can target individuals. And we need to be very aware of those influences in our life and make sure that they're not making us one of make a short term purchase. So again that, in turn, do I really need this or my being influenced into something. So in short, it's helpful to always keep in mind that companies make money through advertising and marketing campaigns that make you feel like you need to buy something. Always keep your long term happiness in mind. And don't let those campaigns distract you from those goals sleep on purchases before making them to ensure that they also contribute to your long term happiness and that they're not just for your short term gratification. Finally have a strong internal monologue with yourself toe. Always ask if you're contributing to your long term happiness and be skeptical of the forces that make you feel like you need to buy something. 4. Part 1 | Thinking of Time as Money : So we talked about, you know, understanding happiness and avoiding influence of these advertising of these marketing campaigns. How do they it's all relate back into organization? Yeah, eso time is our most valuable resource, right? Your other course time management is so relevant for this money is an artifact we could use to trade for different services and goods and all that. But time is something we could never get back. And so, thinking about long term happiness thinking about financial management, you have to think about time manager. You have to think how much using my time. It is that driving towards my long term goals, you know that some by no means the most efficient personal role time. I would love to binge watch the office again, but at the same time, I have to invest myself. You know, students of this course right now are investing themselves and they're using their time just like they would use their money. Right. So you can invest your money in stocks. You can put your money in a savings account time of the exact same thing. You can invest your time, and of course, you can invest your time working a little bit harder. That work on all of that is about. And ultimately either increasing your happiness were increasing your earnings potential for them when we met. I still have a fair amount of student loan debt. Um, but well, before we met, I was $120,000 in debt. When I graduated, right? I was when I graduated making about $51,000 a year, which was about average for my major. That's working in finance. But in the middle market company and I invested my time. I worked my ass off to increase my earnings potential. And so, by time we had met, you know, I was paying off large sums of my dad. I was making well over $100,000 at that point, and that's because I was very meticulous about investing my time. Things were gonna increase my potential. So when we think about financial management, we have to be thinking about those things. Nothing. Everyone should give up. They're weekend plans or sacrificing family. Guy obviously prioritise seeing my family being with friends. But when I was thinking about what I could be doing, I could be watching TV. I could be going to the gym. I could be doing nothing and all of that about optimizing your time so you can get some sort of investment return for me about growing my job. So I get back my dad. Now that I'm out of that, it's amazing, right? You have a higher earnings potential. You can start investing and saving and growing your wealth. Very official. Yeah, I think that's a great point. You know, you didn't give up your weekends or spending time with family because those are things that make you happy. And in essence, you have to weigh the value of doing a certain activity and the relative happiness or the values, that happiness that you will get out of spending time activity. Yeah, exactly. And it goes back to this internal. Well, I This is sort of where I created this thinking and the thought that you need thinking to me. But I have the realization that I need to just ask myself, Is this gonna make me happy in the long term, usually going out and staying out till two and didn't have not making me happier but going out with friends to dinner and then maybe drinks and being home by 11. It's still being productive. Work next day did make me happy, right? So that's kind of how I started thinking about these things and seeing what I did in the past. It's the exact same time management it is for money. I'm spending money, and I'm looking back on what I spent last month and saying, OK, you know, these purchases wasted. I never wear those shoes on that meal was way over. Price For what? Waas. It's the same time. Looking back, I'm saying, You know, I spent all of Saturday playing video games. What? I could have been doing something productive. So time management and financial management handed hand for ultimately growing wealth and happiness. Time is our most valuable resource, and we can never get it back. Think about investing your time like you think about investing your money and always ask yourself if you're spending time on things that contribute to your long term happiness. Whether that's taking the skill short course to improve yourself or spending your time with your family. Financial management and happiness are not about giving up your weekend plans and spending every minute on things that increase your earnings potential, understand the value you get from the ways in which you spend your time. Remember that it's about finding a balance of enjoying yourself and investing in yourself for growth. 5. Part 2 | Steps to Financial Planning: in Part one, we talked about a way of thinking to form positive money habits. Now I want to shift gears and talk more about the nuts and bolts of personal finance. Basic financial management is surprising, linear, and what I mean by that is that there's an easy set of steps were starting out that are universally accepted. First, you want to make sure all your basic costs are covered. Housing, food, health care taxes. Second, you need be current on all your debt, which means having payments set up for your credit cards or your loans to avoid fees. Interest in penalties. Third, you want a very minimal emergency fund or what I call an emergency buffer. Fourth, you want to pay off high interest debt More about that in the next section. Fifth, you want to build your emergency fund to cover 4 to 6 months of expenses in six. You want to optimize your tax benefit accounts, such as your retirement accounts. After these six steps, things become a little bit more complicated, but most people starting out are going to start on one of these steps. There's also some special cases. I hide some of these special cases as we go, and I'm gonna talk in more detail about these steps and and how to make your plan and section titled Making Your Plan. Right Now I want to take a moment and talk about emergency buffers and emergency funds. This is usually something everyone has heard of, but not everyone follows. You probably have heard of the emergency fund is the basic idea is to keep your money in a savings account to cover up the half years of expenses. This will let you avoid having to take on debt or make other sacrifices when something unexpected happens, such as losing your job or having a major medical expense. So how much should be in your emergency fund? This is a question is asked Very often, that really depends on your situation, but generally 4 to 6 months of expenses of the right amount. You can calculate emergency fund mount by adding all of your monthly expenses up and multiply it by 45 or six. Whatever works for you, you add up rent, utility phone bills, car payments, insurance, medical expenses, your minimum debt payments and remember things like food. You should be able. Also able to add in any other monthly expenses that you have to do not include expenses that are not necessary, such as going in movies or going on vacations. In an emergency. These expenses could be cut out. You should have an emergency buffer, even if you have high interest loans to pay off. The idea here is being able to cover a common unexpected issue, like your car breaking down or getting a parking ticket or some smaller medical expense. What this usually looks like is 500 to $1000 available so you don't have to turn to debt if something unexpected happens. This isn't an emergency fund we call emergency Buffer, but emergency fund is something you can live off of. You lose your job, but an emergency buffer will give you a little bit of room. So you're not taking on high interest debt or having to make a major sacrifice as a result of a small expense. There's a common statistic thrown around when talking about this topic. 41% of Americans can't cover $400 cash emergency. This is an important number because it represents the ability to deal with unexpected costs , and you can avoid being. This is this statistic by having emergency buffer, for example, let's say you have a 9% interest loan they're trying to pay off, and you put all of your extra money into paying that off instead of having emergency buffer . Well, you may pay off a loan slightly faster. You're also opening yourself up to a lot of risk if something unexpected happens in your life. If your car breaks down, you could be stuck with the cash repair and having to borrow money or go without fixing your car. This could trigger a vicious cycle, taking on more debt, potentially at even higher interest rates. Such a 20% credit card and the making your situation worse rather than better. Instead, give yourself a buffer of at least $500 as you're paying off your high interest. That moral of story. Have a little bit of money available to cover yourself in emergencies and avoid being in an even tougher situation. 6. Part 2 | Looking at Debt: we're gonna look at three things. First, some definitions related debt to set a foundation. Second, what dipped opinions actually look like? And then third, how to prioritize paying off that and why video is only gonna be a few minutes long on the attached questions, Probably less than a minute. So there's plenty of time to do it right now. So looking at a couple definitions of death, some things we need no initial principal. That's the total amount of money. Your bar A PR. This is your annual percentage rate or your interest rate terms. This is how long you're borrowing the money for and how many payments they're gonna be. I How long is it gonna take to pay off a loan and then being current? This means you're paying all of the payments you need to on all of your loans in order to avoid penalties and fees and compounding interest. Then we're gonna look a little bit more of an authorization soon. But amortization essentially determined based on your principle of your a p r in your term , how much you have to pay per month, and that breaks down into your interest payment in your principal payment. And then after you make your payment every month you have your bats. This is the remaining principle. Let's do so. This is what the amortization schedule actually looks like. The equation. If you care, you can positive you're here. But I'm gonna What does this actually mean? This means that every month you're gonna be paying the same amount of money do on your loan . But in the first month that it's going to include a lot more interest than in the last month. The reason for this is that interest do is based on how much remaining balance you have. So in the first month, you have a lot of remaining balance. In the last month, you have very little room any about so you pay a lot less interest over the life of alone. This is what it actually looks like. You can just see that that red interest amount goes down every single month until the very end. You're paying very little interest in mostly just your principal, but you'll notice every single month you're paying the same exact amount. That's what emerges issues is. But let's look, a quick scenario is more realistic. So let's say you have three loans and I made things a little bit simpler here by rounding out some numbers. But these air pretty much riel loans that you could see. You have to car payments to your personal. Your first loan is a balance of $6000. You're paying for 5% interest for five years, which means that your monthly payment is 190 ties and 90 cents. Your 2nd 1 is a personal loan. So this means it's not asset backed and has a pretty high interest rate of 21% as a similar to a credit card. Or many banks will offer personal lives. So over four years, in order to pay this back, you're paying 270 you dollars and 69 cents per month there. Last loan is a second. Carbone, uh, you took out $14,000 at 5% interest. For four years. You're paying $322.41 per month. This is a lot of debt, but kind of exaggerating a little bit for three examples of this. So every month, in order to stay current on these three loans, you have to pay $712 in 96 cents. So let's talk about two methods of how you could actually pay that off faster. First method is called the Snowball Method, which actually gets a lot of attention. This means you're turned on all of your loans in order to pay off the smallest loan first and then use any remaining payment to pay off the next, most in the next most loan. Until all of your loans. The second myth, then we'll talk about which is my preferred method is high interest first method each half this similarly, your current on Oliver looms, but you focus on the highest interest loan, your most expensive love. So first in the snowball pales I had lighted here. You're paying off that $6000 loan first, and they're gonna pay off that $9000 loan, and you're gonna pay about $40 billion. Remember that your current on all of your loans as you're doing this. So you're paying $712.96 per month. Now, this is really key and we talk about this, and how do you say How do you increase your earnings? You're gonna make extra payments on this debt. It's not good enough to just pay off everything that you have to pay unless that's all you can dio. But any extra money you can spend promote the pay off her debt is really valuable in paying off, for this is the best way to pay off early. So let's say in the scenario of $850 per month to pay off. So it's $137 extra. Well, first of all, we're gonna put that $137 entirely towards that $6000. So what that looks like is we're paying off that blue line quick, quick as possible. You can see after 25 months that that loans entirely paid off and they're gonna roll all of that money into the next small slum. So now we're paying $248 on that 21% interest loan. You can see that red line takes a drastic dipped as soon as we start making those pants, Finally we're gonna pay off that last loan were paying over $500 a month extra on top of what is to stay current, and you can see the online dips really quickly. So in this scenario versus paying off on the regular staying current payments, you would say $1000 in interest. That's $1000 you can use to invest to save for the future. You'll pay off 18.4 months currently. Don't talk about a little bit better with path. In my opinion, this is the high interest for so long. Number two has a 21% interest rate, so let's focus on paying off that bone first again. $850 per month. And I will stress again that paying off extra promote the best way to powerful up. So in this scenario, you can see that that red line dips even further and again we roll over all that payment into that yellow line. And then again, all of that came in that blue. You can see that in this scenario, we don't pay off alone as quickly, meaning we don't get that reward of having one less loan. But what we do get is we get a lot less interest. So in this scenario we pay off, uh, after 20.8 months early, which means almost two months earlier than the previous method has saved more than $1000 mawr than the other methods that $2224 in interest say that's interest, that you didn't have to pay the bank. But as we talked about the best way to not have to pay interest to the bank did not take out a loan. Reducing spending, increasing saving and investing time towards improving your income is the best way to grow your personal wealth. 7. Part 2 | Making a Plan: in this section. We're going to start actually looking at making a plan, and this will jump right into the project this course. So let's look at those initial steps again. A lot of people are starting somewhere between steps three and five. You probably have your basic needs covered and are making payments that you should make on your loans. Credit cards. People stall out in the stage for a while because they have their needs met. However, they're not taking advantage of everything they could do to grow their wealth, and they're also open. Risk of major unexpected events happen. So where do you start? First, you need to figure out what you currently have. The full picture. This could be difficult, annoying, but it's something that you do have to do. Take one minute to write down every account you have, including banks, credit cards, investment counts. You want to write down the account, name the bank or institution where the account is, How much do you think you have or how much you think is owed? And then we'll get the actual amounts later. For now, just get rough after Mitt, if its debt right down with the monthly payment and what you think the interest rate are. If you want to pause the video and try doing that now next, take 10 minutes to log in or find the statements for every account and update your list. I personally like to have this in a spreadsheet because it's much easier to update. But for this effort, if you're not comfortable spreadsheets, it's more important to just try doing this once than it is to be perfectly organized at this point. This could be annoying because of forgotten passwords or missing statements. You need to push through these barriers and get the 100% of your accounts written down in one place before you can start making a plan. Next, we want to organize our accounts. Cash accounts could be checking savings, money markets, digital currency investments. Those are gonna be your brokerage accounts, your things like Robin Hood. Things like I used that Scottrade account, Um, and then another section is retirement. So for one case, I raise Roth IRAs and then debt credit cards, car loans, mortgages, student loans. You want to organize all of your accounts into one of these four categories you may have something that doesn't perfectly fit in these categories and might be unique situation, but for the most part, everyone should be able to say where their accounts if it cash accounts, investments, retirement or death. And then you want to order your debt by interest rate. We talked about this in the last section, but put the highest interest rate account on top in the lowest interest rate account on bottom. So now, after going through this exercise, you'll have a picture of where you stand. So let's make a plan and follow our linear guy. So first creating an emergency buffer of $502,000. First of all, do you have a savings account where you can keep $1000 of your emergency buffer? It's important to only spend this money for emergencies, and it's important that this is sitting in a separate account. Accounts are easy to open wherever you might have your checking account. Or there's plenty of online banks as well that can offer high interest, uh, savings account. I personally like Goldman Sachs, Marcus or Wealthfront High interest accounts because they're paying really good interest for putting your cash there, and they don't have minimums. If you don't have an emergency buffer of $500,000 the question is, how quickly can you save that money? And it's really important to get that money saved up. And how can you reduce your spending habits to get there if you can try and set up automatic transfers into savings accounts to build that $1000 buffer? Okay, so now you have a plan to get through $1000 buffer or you already have that. Now we're focusing on paying I off off high interest debt. I define high interest debt Is anything above 5%? Um, this can be debated, definitely. But where we are in today's economy, 5% is a very high interest loan. Some people, you know, if your owned a home in the eighties, you might remember interest rates were much higher than this. You don't want your mortgage to be considered high interest debt because there's plenty of alternatives because it's an asset backed mortgage. Okay, after you've had a plan for paying off your high interest that it's now time to think about an emergency fund so you won't turn your emergency buffer into emergency fund. For most people, this looks like going from 500 to $1000 to going up to 2030 $40,000 or maybe more. So you want to calculate how much you need in your emergency fund to cover 4 to 6 months of expenses the expenses that are necessary. And if an emergency comes about, you're gonna cut unnecessary expenses like eating out or going on vacation, just the expenses that are necessary. And again, just like we did for an emergency buffer. You want to set up automatically transfers to grow your emergency fund. And then once you have your emergency fund in, please, now is the time to talk about tax benefit accounts. Retirement accounts. So the first question does your company offer for one cat? If yes and they match, then you may actually want to prioritize this before building a full emergency fund, because there's some really good benefit that your employer's giving you if you just get a 41 K with no matching. At this point after the emergency fund, you wanna max it out. But if you don't get a 41 K through a company, then you want to open an IRA. Now there's a lot of questions between Roth IRAs and traditional IRAs. I'm not gonna go into detail in these this course, but there's a lot of material online about the differences between these accounts. Once you have gone through all of these steps that we've been walking through, then is the time to start investing and paying off your low interest That so if you've gone through all of these steps and you have paid off your high interest that you have an emergency fund in place, you're in a really good spot during a much better spot than the majority of Americans. And you're ready to go on to more complicated investing and paying off your low interest that I'm not gonna go into those topics in this course to them, focusing more on introduction. But there's a lot of really interesting things that you can do and should be proud that you're able to take on these opportunities 8. Conclusion & Next Steps: So in part one, we talked about positive money habits in a way of thinking to ensure you're getting the most out of what you spend your money and your time on. And in Part two, we talked about some of the basic path of setting yourself up for financial success. This course has just been an overview of forming better money habits, and it will really take intentional effort on your part to turn these ideas into your own habits and to maximize your own long term happiness and wealth. This is the core of the weekly email that I sent out, which you can subscribe to joining prosperity dot com. Um, it's really good to continue to practice thes habits so you can stay on top of this. Remember the internal monologue. Remember to think about what's gonna make you happy in the long term and then go through the time tested steps to grow your wealth. So what do you do next? If you haven't taken a look at the course project that I suggest you to? It's a practical exercise to kick start your plan as well as to help you think about what makes you happy. Once you have a plan than all their do, all there is to do is to stick to it Every once in a while, you're gonna have to update and change your plan either as you make progress towards your goals change. Um and you know, Taylor and I do this all the time together. Every month, we ensure we're keeping a close eye on how much we're spending and where our money is going and how we're thinking about our long term happiness. If you enjoyed this course and feel like you've learned something that I appreciate your review if you're not satisfied the courts or have some other thoughts, please send me a message. I'd love to hear your feedback or ideas. Good luck on your financial journey.