Ken Coleman
đ€ SpeakerAppearances Over Time
Podcast Appearances
Try to calculate as best you can when it's going to happen and how much you're going to need. And then divide it out and set that amount aside in your bank account within your every dollar budget in a sinking fund. So that's the solution. Neither of these are even emergencies.
Try to calculate as best you can when it's going to happen and how much you're going to need. And then divide it out and set that amount aside in your bank account within your every dollar budget in a sinking fund. So that's the solution. Neither of these are even emergencies.
If she's in Baby Step 7, truthfully, that means she has no debt whatsoever, no mortgage, the house is paid for, and she has a fully funded emergency fund of three to six months of expenses. So the question, I have future debt coming, is the wrong statement, right? How do you account for these? The sinking fund and the budget. You cash flow everything.
If she's in Baby Step 7, truthfully, that means she has no debt whatsoever, no mortgage, the house is paid for, and she has a fully funded emergency fund of three to six months of expenses. So the question, I have future debt coming, is the wrong statement, right? How do you account for these? The sinking fund and the budget. You cash flow everything.
If she's in Baby Step 7, truthfully, that means she has no debt whatsoever, no mortgage, the house is paid for, and she has a fully funded emergency fund of three to six months of expenses. So the question, I have future debt coming, is the wrong statement, right? How do you account for these? The sinking fund and the budget. You cash flow everything.
And if you can't, that means you can't afford that car or we can't afford to do that home repair with that person right now. Do what needs to be done at the speed of cash. And that's the only way to do baby step seven or any of the baby steps for that matter.
And if you can't, that means you can't afford that car or we can't afford to do that home repair with that person right now. Do what needs to be done at the speed of cash. And that's the only way to do baby step seven or any of the baby steps for that matter.
And if you can't, that means you can't afford that car or we can't afford to do that home repair with that person right now. Do what needs to be done at the speed of cash. And that's the only way to do baby step seven or any of the baby steps for that matter.
You have $1,000 right now?
You have $1,000 right now?
You have $1,000 right now?
Man. Yeah. That's real life. Well, I like that you're trying to get rid of the truck. You said you're $10,000 underwater on it. So you owe $49,000? I owe $39,000.
Man. Yeah. That's real life. Well, I like that you're trying to get rid of the truck. You said you're $10,000 underwater on it. So you owe $49,000? I owe $39,000.
Man. Yeah. That's real life. Well, I like that you're trying to get rid of the truck. You said you're $10,000 underwater on it. So you owe $49,000? I owe $39,000.
Is that a private party?
Is that a private party?
Is that a private party?
Oh, you rolled negative equity into it.
Oh, you rolled negative equity into it.
Oh, you rolled negative equity into it.