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3 Ways to Maximize Your Discretionary Income
Manage episode 453627246 series 3270185
Kris Krohn discusses the importance of maximizing discretionary income for building wealth, particularly for those starting with limited resources. He emphasizes the need to reduce expenses, negotiate bills, and create a strict budget to save at least 20% of income. Krohn also advocates for increasing income through raises, side gigs, or investments in real estate to generate additional discretionary funds. Lastly, he encourages investing wisely, particularly in real estate, and offers guidance on creating a personalized plan for financial success.
1313 episoade
Manage episode 453627246 series 3270185
Kris Krohn discusses the importance of maximizing discretionary income for building wealth, particularly for those starting with limited resources. He emphasizes the need to reduce expenses, negotiate bills, and create a strict budget to save at least 20% of income. Krohn also advocates for increasing income through raises, side gigs, or investments in real estate to generate additional discretionary funds. Lastly, he encourages investing wisely, particularly in real estate, and offers guidance on creating a personalized plan for financial success.
1313 episoade
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