Do This EVERYTIME You Get Paid (Payday Routine)

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Make sure to do this every time AFTER you get paid. This is a great 8-step payday budget routine and habit that I use every day to maximise the value of my money and help me build my net worth and wealth.
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▼ ▽ MOOMOO

▼ ▽ KNOW YOUR REFERENCE POINT SPREADSHEET

▼ ▽ SIGN-UP TO MY FREE WISERCREDIT NEWSLETTER

▼ ▽ AMEX CARDS THAT I USE

▼ ▽ OTHER LINKS

💰 Some links above may be affiliate or referral links. Using these links doesn't cost you anything extra, but they support the channel!

▼ ▽ TIMESTAMPS
0:00 Intro
0:30 Set money aside to survive
1:50 Understand your reference point
3:12 Start building a mini emergency fund
4:09 Pay off any high-interest debts
6:24 Emergency fund
9:43 Invest in other assets
12:11 Automate everything

▼ ▽ CONTACT
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Glad you acknowledge Dave Ramsey snowball method in this video. Also glad that you encourage people to pay off debt, especially their credit card, and build better habits. Nice work.

albysschoolofmusic
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That spreadsheet is amazing, thank you Raymond!!

victoriacullen
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Thanks for the helpful content! Where can I find the spreadsheet download link?

williamwhite
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Hi Raymond, which one is the link for the excel spreadsheet?

JinzhenWu
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Great video Raymond! One way I used to automate savings and investments, was to ask my pay office to transfer 10% pretax to super and 20% to an online high interest savings account. They were happy to accomodate.

ricthomas
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Greta video Raymond. I've just switched banks and opened a HISA which earns me 5.5%pa after only recently realising my old bank was only paying 2.35%pa. I'm also looking into ETFs but still trying to learn more about them and which ones to buy etc.

_n_d_
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Great content! Absolutely love it. ❤ I've been listening to Dave Ramsey for a while now and wished someone made similar content for Australians.
Could you make some content comparing the 401k option he constantly talks about to any similar options available for Australians.

twoworldsapart
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Which platform charge less while investing

sanjogbaniya
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Could you please make video on paying rent with credit card?

Bulleyes