499: Goal Setting, Finances, Budgeting and Growing with Ruby Tan

Ruby Tan is here to share an amazing story about her financial up's and down's. She shares her personal story about how through budgeting and planning, she was able to get out of debt and build wealth. She's a bookkeeper and teaches the Profit First Methodology to her clients. https://www.youtube.com/watch?v=wEb4nTGUuZc Quotes:                                                                                                                                    “Doing a budget on paper is one thing, but practicing it is another, because human behavior is very hard to crack.” – Ruby Tan “We have to recognize which is a necessity and which is a luxury—whether it's something I have to have, want to have, or need to have.” – Ruby Tan “Sometimes we are forced into certain circumstances to help us make different decisions. Maybe down the road, we'll make a wiser decision.” – Ruby Tan Takeaways: 01:45 Maintaining financial faith and staying committed to core values can provide unexpected support during tough times. 05:18 Cutting unnecessary expenses and distinguishing between needs and wants is crucial during financial hardship. 09:51 Consistent budgeting and financial discipline can help families overcome economic challenges and achieve long-term goals. 14:27 The "profit first" method helps businesses allocate income strategically, preventing complete spending of earnings. 17:30 Learning from financial struggles can create opportunities for personal and professional growth. Resources CELA Bookkeeping (Official Site) Ruby Tan (LinkedIn) Podcast interview: Navigating Debt with Ruby Tan (Podcast)