Today's guest, Brennan Schlagbaum, former CPA and founder of Budget Dog Academy, shares his transformative journey from shouldering over $300,000 in debt to designing a blueprint for financial independence and hitting a 1M net worth by 30. This episode delves into the pivotal moments and strategic decisions that catalyzed his transition from financial chaos to clarity. Join us as Brennan unpacks the core principles of achieving true financial freedom, underscored by the vital distinction between merely managing finances and mastering them for a purpose-driven life.In this episode, you will learn: The Evolution of Financial Mindset: How Brennan shifted from overwhelming debt to a strategic wealth builder, and the lessons learned along the way. The Role of 'Why' in Financial Planning: Discover the importance of knowing your deep-seated motivations and how this awareness can radically alter your financial practices. Strategies to Avoid Common Financial Traps: Learn about the typical pitfalls that ensnare many individuals and how to navigate around them to maintain financial health. Practical Steps to Financial Mastery: Brennan shares actionable steps and homework to help listeners start their journey toward financial literacy and empowerment.Homework: Find Your Why: Dive deep into understanding your motivations by asking 'why' repeatedly. This exercise aims to uncover the real reasons behind your financial goals. Identify What You Don't Want: Recognize what you're trying to avoid financially, helping you better understand what you actually want. Financial Reality Check: Review the last three months of bank and credit card statements. Ask yourself if your spending aligns with your goals, providing a stark reality check on your financial habits. Know Your Numbers: Define a clear financial goal in numbers. This task focuses on understanding exactly how much money you need to live the life you desire, setting a foundation for your financial plan.Brennan's IG - https://www.instagram.com/budgetdogBrennan's Book - https://www.budgetdogacademy.com/pre-order-now-1

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