Do This Every Time You Get Paid. Payday Routine from CERTIFIED FINANCIAL PLANNER™ Part 1

2025-01-01

In this video, Colin Exelby, CFP®, explains the ideal payday paycheck routine.As payday swiftly comes and goes, most people don't have a set payday routine, leaving many to wonder where their hard-earned money has vanished,. Today, we delve into the crucial steps every individual should take the moment their paycheck lands. This video aims to unravel the complexities of paycheck management. From building an emergency fund to maximizing employer 401(k) matches. Despite common misconceptions and the looming shadow of credit card debt, which averages $6,295 per person ...

In this video, Colin Exelby, CFP®, explains the ideal payday paycheck routine.

As payday swiftly comes and goes, most people don't have a set payday routine, leaving many to wonder where their hard-earned money has vanished,. Today, we delve into the crucial steps every individual should take the moment their paycheck lands. This video aims to unravel the complexities of paycheck management. From building an emergency fund to maximizing employer 401(k) matches. Despite common misconceptions and the looming shadow of credit card debt, which averages $6,295 per person in the U.S., we shed light on effective debt repayment methods and the importance of investing in vehicles like Roth IRAs and HSAs for a secure retirement. This video is designed to arm you with a holistic understanding of managing and enhancing your financial stability post-payday. Whether you're battling the "ostrich effect" of financial avoidance or seeking to supercharge your net worth, join us in this comprehensive exploration to determine if these strategies can revolutionize your financial planning and future.

00:00 - Introduction

02:20 - Step 1

04:55 - Step 2

06:15 - Step 3

11:40 - Step 4

13:05 - Step 5

#PaycheckManagement #FinancialPlanning #DebtRepayment #InvestingBasics #retirementplanning

⭐ My free Intentional Spending Tracker: https://bit.ly/49ewRYz

⭐ Pros and Cons of HYSA: https://youtu.be/8mCYXuGzM-U

⭐ Truth About Your Emergency Funds: https://youtu.be/rym_F9nnnVw

⭐ HSA Strategy Unlocked: https://youtu.be/JDlM0InZwRA

Outstanding Personal Finance Tools👇

Budgeting...👇

★☆★ Rocket Money (originally called as TrueBill) ★☆★

https://rocketmoney.sjv.io/CelestialWM

Wealth Management...👇

★☆★Personal Capital ★☆★👇

https://personalcapital.sjv.io/CelestialWM

Bookkeeping...👇

★☆★Gusto Bookkeeping★☆★👇

https://gusto.pxf.io/CelestialWM

[About] Colin Exelby is a Certified Financial Planner Professional™ or CFP®. He owns the virtual financial advisory practice Celestial Wealth Management.

I provide financial planning for business owners and their families that makes sense.

Transformational change is made when you focus on the big picture. My goal is to help you think outside the box about your life, your money, and your health to be the best you can possibly be.

We strive to help you:

*Optimize Your Cash Flow

*Minimize Your Taxes

*Build Your Net Worth

*Create a Lasting Legacy

➡️ ➡️Free Guide Here: https://celestialwm.com/ptpebook-go/⬅️⬅️

Do you watch Dave Ramsey, Robert Kiyosaki, Grant Cardone, Gary Vee, Graham Stephan, Meet Kevin, Ryan Scribner, Replace Your Mortgage, Project Life Mastery, Russel Brunson, Alex Becker, Tanner J Fox, Refusing to Settle, Dan Lok, Jeff Rose, Tai Lopez, Bigger Pockets, or Pat Flynn? Then you'll love our channel! Be sure to subscribe and I'll see you in the comments!

Affiliate Link Disclaimer: I only recommend products I would use myself and all opinions expressed here are our own. This post may contain affiliate links that at no additional cost to you, I may earn a small commission. Read full privacy policy at celestialwm.com.

Comments (3)