Past Due: Radio 169 – The Financial Plan For The Non-Conformist Family
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Josh and Sarah Gordon of thenonconformistfamily.com have agreed to be guinea pigs in the PDR lab! In their effort to avoid mediocrity, they’re seeking direction on some huge financial goals in their new world of self-employment.
Today we assessed their goals for the next 12 months, their income and expenses, and I issued a 30-day action plan for them. Here’s what we know about them:
- In the next 12 months, they’d like to pay off $10,000 in student loans and save an emergency fund of $2,500
- They want to give away three $1,000 awards to people creatively addressing social concerns
- They intend to live unconventionally (in tents, cabins, or vehicles) and travel extensively in North America
Income & Expenses:
- Income – $2,904
- Expenses – $2,012
- Net Income/(Loss) – $892
30-Day Action Plan:
Over the next 30 days, The Non-Conformist Family needs to focus on two initial goals:
1) Tracking every dollar they spend to determine the accuracy of their planned spending (and cash flow potential)
2) Funnel every bit of extra cash flow into their emergency fund
In the days ahead, we’ll be revisiting The Non-Conformist Family to see how they’re progressing, answer questions as they arise, and provide guidance for them on their journey.
If you have a specific question, I’d be happy to answer it and further cultivate the wisdom of the Past Due Radio masses. The experiences of our listener base provide plenty of insight we all can learn from; don’t hesitate to ask – I’m happy to help!