The 5 Most Underrated Financial Strategies That Create Meaningful Change with Your Money

The 5 Most Underrated Financial Strategies That Create Meaningful Change with Your Money

The 5 Most Underrated Financial Strategies That Create Meaningful Change with Your Money

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Think there’s a secret financial strategy only the ultra-wealthy know about? It might not be that deep.

In this episode, Kali and Eric break down why the best path to financial success isn’t complicated. The truth is, it’s just simple strategies done consistently. If there’s any trick, it’s this: simple doesn’t mean easy, and the reason more people aren’t rich is because it’s incredibly hard to actually execute these habits, frameworks, and systems year after year after year.

But if you want to make a meaningful impact to your finances, then you don’t want to miss these five underrated approaches that actually move the needle when it comes to growing your net worth.

Today, get our strategies for mastering the skill of intentional spending, understanding the power of your savings rate, automating your financial life, tracking your money without judgment, and learning from financial history.

If you’ve been searching for complex solutions to your money challenges, this episode will remind you that the fundamentals work, as long as you’re willing to commit to them.

KEY TAKEAWAYS

1. Make sure your spending is reasonable.
The 50/25/25 spending framework we share in this episode is a great starting point to check in and confirm your spending is reasonable for your income. For high earners ($250K-$750K household income), aim to spend 50% of gross income, pay 25% in taxes, and save 25% for long-term goals.

2. Spending money well is skill, and like any skill, you can improve it!
It’s not about spending less, necessarily. it’s about spending better and aligning your expenses with your actual values and priorities.

3. Your savings rate matters more than investment returns.
Consistently saving 20-25% of your income has a bigger impact on wealth building than chasing market-beating returns.

4. Automation eliminates decision fatigue.
Set up automatic transfers and payments so your financial plan runs in the background without constant willpower. You don’t have to white-knuckle your way through your money management! But you do need repeatable, reliable systems and processes to take some of the effort out of ongoing financial planning.

5. Track how you use your money without shame.
Understanding where your money goes is just information—approach it with curiosity, not judgment, and use it to make better decisions.