Ep. 278: Mastering the Discipline of Budgeting

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So, a few days later, this is the financial freedom for every one talent channel. If you're interested in this channel, thank you very much for your support for making this podcast on the top 20 for us in Spotify, and Apple. And before you start, welcome to this episode. So, first, we're going to talk about the importance of financial discipline. This is the cornerstone of financial success. You know what I'm saying? If you don't have a discipline, you're already lost. Let me prove my point, it's not a big deal, it's not a problem, it's a problem, it's a problem, it's not a problem. So, it's never about the lack of money, it's chances are, it's the lack of financial discipline. That's why it's important for you, you know. We have a lot of discipline. So, you know what I'm talking about? You don't talk yourself out of this. My problem is just, I just need to make more money. The reality is this, my friends, if you're watching or listening to this podcast, the more money you make, the more you spend, do you agree? You will never be satisfied because when it comes to what money? There's no satisfaction, there's no satisfaction. person in this world. And truly enough, I made a 10,000. No, I mean, 10,000. Sobra Kula. Kula. I mean, 100,000. That's what I mean. No, I mean, 100,000. Sobra Kula. Kula. Kula. I mean, 1 million. Yes, million. That's what I mean. No, I mean, 1 million. Sobra Kula. Kula. Kula. There will be no satisfaction with regards to money. Agree. That's just like a carrot at the end of the stick. You can see that it's just a rabbit. That's not a rabbit. That's what we call a rabbit. That's the important thing. If you want to know that you're a rabbit, the goal in life is not to pursue financial stability, but the goal in life is to practice financial responsibility and discipline. You'll be financially responsible today. You'll be financially disciplined. You know, you'll be able to enter the AOE income. So right now, for those who are just in financial discipline, you know, I would like to share with you as I promise to you to help you on how to create financial discipline by helping to create your own budget. What if this means budget? Budget is a written plan on how to manage your money. Money coming in should be written down and money going out should be written down as simple as that. So for us, we're going to do something. I know I want you to get a piece of paper right now. If you are with me, it's like coaching session or in this library. Number one thing before we even set your budget, what do you want? What do you want? What do you want? What do you want? What do you want? You need to set clear financial goals. Again, there are a lot of indications. What do you want? What do you want to do? What do you want? What do you want? That's number one. That's number one. Because if you don't have a target, you don't have financial goals. You don't have any inspiration, you don't have any motivation, you don't have any inspiration. What do you want? I want to say that financial goal during that time was to buy my own car in cash. So the target I was going to save 500,000 during my time, 500,000, you can buy a car in cash already. So basically, I divided it into more or less two years, two years of financial goal goal. So every year, I need to save at least 250,000. So to cut the long story short, I was saving at least 22,000 pesos per month. 22,000 pesos per month based on my income. I was going to buy it. And in two years time, in two years time, the good news is that half of the money I spent in my car showroom, right? I was going to buy cash. And during that time, were there moments in my life that I was 10, 10? To really use the money, yes, many times, I've been alone. And many times, I've cried. You know, I mean, basically, but I remind myself, the reason why I'm saving that money is not for me to buy a laptop. It's not for me to travel. It's not for me to enjoy. It's for me to buy a car. Why? If I don't set the financial goal, if I don't set the financial discipline, you know what I mean? Oh, I was going to spend my time, until such time, I'm going to buy a car, a much-box of the cut wheels. That's the point of a lot. And I agree. How many times do you have to pay for this? I'm going to travel and then all of a sudden, you don't have to travel. Why? Because I'm going to buy it. I'm going to buy it. I'm going to buy it. Why? Again, I'm going to save the financial discipline. That's what I know. These are the friendships. If you don't have the time to discipline, you don't have to pay for this. That's what I want you to do. This is right now. Before you even start, now, I want you to challenge yourself. I want you to challenge yourself. Number one, set financial goals. So, a way that I teach my students on how to set financial goals is using a simple tool. It's called the iphone box. Okay, for those who don't have the time to visually and iphone box in the carton, you will put the barriac in the carap and the carap and you can start. Then we have a $6,000 iphone challenge. $6,000. And then first, we put the goal, financial goal, saving for what? For those who have the iphone, second, the start date and the end date when you want to use it. And then you have the circles. Starts at 20 pesos, 50 pesos, 100 pesos, 200. So, like for example, the financial goal is to buy a new cell phone. The word, let's say, is to add, let's say, $50,000, $50,000. Start date and date when you want to open this box already. So, again, make sure you don't open this box because this box, the purpose of this is only for your cell phone. So, if you start staying on track, start staying on track with discipline, you know, nothing is impossible. But that's the only important thing in order for you to stay on track, you have to learn how to embrace what we call as delayed gratification. That's the key to discipline. You have to sacrifice now and enjoy later, not enjoy now and suffer later. You know, you have to sacrifice for your short term, right? A short term and a pleasure for long term game, right? When you say, yes, you are in for a tree. Again, I challenge you, right? I challenge you. If you have a financial discipline, if you don't have a cell phone, it's time for you to change because if you don't change, you will keep on getting the same result. For those who are still in financial discipline, I challenge you number one, read books, number two, attend seminars, watch videos just like this number three, surround yourself with iponarios like minded people who will inspire you not to spend but to save number four, join a community. And if you don't have a community of like minded people, I encourage you, please to join our iponario movement, the iponario movement of Facebook page for free. You can free them. You don't have a lot of money. Join them, you have to encourage them. And come soon, come soon, come soon, come soon, you know, when we are going to talk to you, we will have iponario. In iponario, there will be inspired, iponarios there, they inspire you, they will inspire you, they will inspire you, they will inspire you, they will inspire you, they will inspire you, they will invest, yes, so look forward to that. Thank you very much for listening to this podcast and episode, thank you very much for sharing this podcast also, for making this podcast channel, the chink positive on the top 20 at Spotify and Apple, Maraming, Maraming Salaman Jose, you know, Tatanda, as I always say in my podcast channel to every problem, there's always a solution, if you're not part of the solution, you're part of the problem always, chink positive bye. Hi guys, thank you for listening to this episode of the chink positive podcast. This podcast is powered by podcast network Asia. If you want to keep on growing and stay inspired, follow us on wherever you're listening to this podcast and share it with friends, have a good day and always chink positive. The views and opinions expressed by the podcast creators host and guests do not necessarily reflect the official policy and position of podcast network Asia, the hosts of the program or other programs of the network. Any content provided by the people on the podcast or of their own opinion and are not intended to malign any religion, ethnic group, club organization, company, individual or anyone or anything. Hi, this is Monica Rinegal of Nutrition Diva. Today's show is sponsored by nature-raised farms, grocery shopping can be a little overwhelming, especially if you're reading labels. And in my opinion, chicken shouldn't be complicated, which is why I appreciate nature-raised farms it's chicken, that's just chicken, and their lightly-bredded chicken nuggets are free from gluten, dairy and soy. Look for nature-raised farms on your next grocery trip and feel more confident about your choices.