April 26, 2023

122. Financial Freedom for Service Industry Professionals

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 

  • Barbara’s road to Financial Independence (:57)

  • Lean FI, Fat FI (3:09)

  • Financial Challenges of Service Workers (6:26)

  • Budgeting for Service Workers (11:46)

  • Emergency Fund for Service Workers (27:21)

  • Investing for Service Workers (30:28)

  • Mindset (36:46)

Resources  

Ways to connect/follow

Contact the Host - vince@thecfoathome.com