78. Developing a Spending Plan to Build Wealth
Walli Miller is a financial coach and money mentor who went from overspending and compulsive shopping to being debt-free and building a multiple six-figure investment portfolio. After gaining control of her finances and creating a plan, Walli is on...
Walli Miller is a financial coach and money mentor who went from overspending and compulsive shopping to being debt-free and building a multiple six-figure investment portfolio. After gaining control of her finances and creating a plan, Walli is on her way to being work-optional before the age of 40. On this episode of CFO at Home, Walli and Vince discuss developing and managing a spending plan, what it means to become “work optional”, and more.
Key Takeaways
- Paying your first allowing spending to be more worry free
- Budgets are thought to be relatively static; Spending Plans are managed more as living documents that allow for more flexibility in management
- Use your Spending Plan to align your spending with your values
- A key to achieving Financial Independence is to generate passive income through equities, real estate, etc.
- Walli’s definition of Financial Independence - When you have a nest egg that will sustain your lifestyle any pay for your cost of living; being “work optional”
Resources
Ways to contact/follow:
Contact the Host - vince@thecfoathome.com
