Building Financial Habits with Damian Dunn

Sticking to your budget and staying true to your financial goals is a lot like dieting. When you’re good about your diet all week and reward yourself with a piece of cheesecake, you blow all the progress you’ve made. It’s the same thing with money. So where do you start to build good financial habits?  

Damian Dunn is the Vice President of Advice at Your Money Line Powered by Pete the Planner®. In this episode he shares steps you can take to get a hold of your finances and create stability for your future. In the end, it’s not about immediately putting away 40% of your paycheck. It’s about getting organized with your bills, setting realistic goals, and sticking to the small steps you’ve identified. It’s never too late to start saving, but habits take time to build, so you might as well start now. Listen in to find out how.

Resources:

Compelling Quotes:

  • [02:50] “Getting organized is something that a lot of people overlook. I’m not talking about budgeting. I’m not talking about making sure you’re saving X amount of dollars each month. Get organized and make sure you know what you’re spending your money on.”
  • [05:11] “Set boundaries for yourself, and make sure they’re realistic.”
  • [06:52] “Money sitting around that doesn’t have a goal attached to it is money just waiting to be spent on something that isn’t going to make my financial future or stability anything.”
  • [11:27] “Time is a huge factor in preparing for your financial future.”
  • [13:49] “If you have a plan for the next dollar you make, you’re less likely to do something that you’re going to regret down the road.”
  • [22:10] “You’ve got to go out there and earn what you think you’re worth, and I think that’s a basic human right.”
  • [30:47] “It’s not all a quick turnaround. It’s just not. Sometimes it’ll be great. Sometimes it’ll be just a little bit, but as long as it keeps moving forward, you’re winning.”
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