122. Financial Freedom for Service Industry Professionals
The majority of today’s conventional personal finance advice is primarily designed to speak to a certain audience; salaried or hourly workers with fairly predictable and consistent incomes, with employers who provide benefits including paid time off...
The majority of today’s conventional personal finance advice is primarily designed to speak to a certain audience; salaried or hourly workers with fairly predictable and consistent incomes, with employers who provide benefits including paid time off and retirement plans. But what about America’s 5.5 million service professionals who live on a tipped based income? How can they manage their finances in a way that supports the quality of life they desire, and puts them on a track to reach financial freedom? That’s the conversation that Vince has on this episode of CFO at Home with Personal Finance Expert, Money Coach, and author of Tipped, Barbara Sloan
Key Topics
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Barbara’s road to Financial Independence (:57)
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Lean FI, Fat FI (3:09)
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Financial Challenges of Service Workers (6:26)
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Budgeting for Service Workers (11:46)
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Emergency Fund for Service Workers (27:21)
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Investing for Service Workers (30:28)
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Mindset (36:46)
Resources
Ways to connect/follow
Contact the Host - vince@thecfoathome.com
