Financially Simple

Ask Justin: How Should I Prioritize Excess Income When Starting a Business, and Can I Grow My Savings at the Same Time?

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Sinopsis

In episode 231 of Financially Simple, Justin answers a question on handling finances when planning to save and starting a business at the same time. If you're debt-free and have a modest lifestyle, and are planning on starting a business as well as to start saving for retirement - what is the best way to utilize the excess income to best achieve those goals? Justin breaks down the question, addresses each part, and gives his advice on taking on good debt when starting a business. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________   TIME INDEX: 01:22 - Ask Justin: How Should I Prioritize Excess Income When Starting a business, and Can I Grow My Savings at the Same Time? 03:46 - A Different Perspective 05:20 - Prioritizing Goals 07:14 - Maximizing Finances 14:06 - Starting a Business 17:10 - Savings Growth 19:27 - Wrap Up _________________   RESOURCES: Financially Simple Educational Website Financially Simple on YouTube Subscribe to the Finan