The Power Of Focus

Tyler has a breakthrough in saving for his true expenses, and it's about more than just rearranging the financial deck chairs.

What are the benefits of focusing on one goal at a time? Why do high net worth individuals still benefit from budgeting? And why does Steve allocate some of his "fun money" to an emergency fund?

• (00:00) - Dog talk
• (03:06) - Too many goals
• (06:44) - Doubling down on an emergency fund
• (11:41) - A reverse debt snowball
• (14:32) - Steve's fun money emergency fund
• (16:46) - A tool for understanding opportunity costs

Links:

• Our episode about Dave Ramsey's "The Total Money Makeover"