Welcome to episode #6 of the Debt-Free Dad Podcast. If you want to get out of debt, paying off debt isn’t the first step, I know that sounds crazy, but so many people make this critical mistake. In today’s show, we are going to reveal the first step you should focus on and give you some ways to make it happen.

We are sharing tips to help you build your first emergency fund! If you want to get out of debt, paying off debt isn’t the first step, and I know that sounds crazy, but one of the primary goals you should have is to save. One of the reasons why people go into debt in the first place is because they don’t have any money, and that’s a bad habit that you need to break, and you want to replace it with a good practice like saving money. When we teach this concept, the number one response I hear is, “Brad, that’s great, but how the heck do I make that happen when I am living paycheck to paycheck?” Well, that’s what this podcast episode is all about. 

According to a GoBanking Rates Survey: Nearly 70% of people have less than $1,000 in savings. (updated 7/2/20)

What You’ll Learn

  • Why saving is so hard.
  • Why having an emergency fund is crucial in getting out of debt. 
  • Urgency is critical when you first get started.
  • Tips to help you build an emergency fund.

Question of the Show
"Hey guys, I am having trouble getting my spouse on board with our finances. Can you guys offer some tips I could try to get them to care about this? I am stressed and I am tired of having to do this on my own."

Resources Mentioned

Free Tools and Downloads at www.therealdebtfreedad.com

-Connect With Brad-
Website - https://www.therealdebtfreedad.com
Facebook - https://www.facebook.com/therealdebtfreedad/
Private Facebook Group - http://www.facebook.com/lifewithoutpayments
Instagram - https://www.instagram.com/brad_nelson_debt_free_dad/
Pinterest - https://www.pinterest.com/bradnelson0044/
LinkedIn - https://www.linkedin.com/in/balancedcents/

Thanks For Listening

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About The Show

On the show, Brad shares tips and tricks that have helped him, and thousands of others save and pay off millions of dollars. By listening, you'll gain the confidence and motivation you need to kick debt and financial stress for good!

Money and personal finance are one of the leading causes of stress among adults, but it doesn't have to be that way. By mastering the basics, you can completely change your entire life. Welcome to the Debt Free Dad Podcast! We're glad you're here!

Feature Image
Your Host, Brad Nelson

Brad, and his wife, Sarah, run two at-home businesses where they spend the majority of the time with their kids. Entrepreneurship and living debt-free has provided them with the freedom and flexibility to work from anywhere, and the ability to spend more time on the things they love most!