Budgeting is the foundation of financial freedom and successful investing. In this video, Lisa J-Stocks teams up with Anthony Weaver from About That Wallet  @ABOUTTHATWALLET  to break down budgeting essentials, strategies, and tips for beginners and seasoned savers alike.

Watch on youtube - https://www.youtube.com/live/qyKeyxC568g?si=MqgJ6lE5Fc1B-eRG

What You’ll Learn:

✔️ What a budget is and why it matters in today’s financial world

✔️ Different budgeting methods, including the Zero-Based Budget and the 50/30/20 Rule

✔️ How to choose the right budgeting method for your lifestyle

✔️ The best tools and strategies for tracking your budget

✔️ Tips to avoid common budgeting pitfalls and stay consistent

Budgeting is more than just numbers—it’s about mindset and aligning your finances with your goals. Whether you’re saving for an emergency fund, investing, or tackling debt, this conversation is packed with actionable insights to help you succeed.

💬 Question of the Day: What budgeting method are you using, or which one are you excited to try? Share in the comments below!

💡 Follow Anthony:

For more budgeting and financial advice, connect with Anthony on About That Wallet!

🔔 Don’t forget to subscribe, like, and hit the notification bell for more videos on investing and financial freedom.

=||Chapters||=

00:00 Intro

01:50 What is a Budget

11:25 50/30/10/10 Rule defined

14:00 Invest 10%

15:45 Types of Budgets Planning

18:52 Deep Dive Into 50/30/10/10 Rule

26:25 Making Your Budget Work for You

30:04 Automation/Sinking Funds/HYSA

38:10 Budget Killers

42:36 Ask yourself these 3 Ques

43:45 401K Ques

47:30 Exp Ratios

48:17 Align Finances w/goals

54:00 Sandwich generation

56:40 Wrapping Up

01:00:10 Outro

THANK YOU FOR LISTENING!

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--

DISCLAIMER: The content in this audio is for educational purposes only. Conduct your own research and make the best choice for you. If you need advice, contact a qualified professional.

>> Lisa J. Stocks: Hello, I am Lisa J. Stocks, and I

am dual streaming this.

>> Anthony Weaver: Evening with Anthony Weaver, the

hosted about that Water podcast.

>> Lisa J. Stocks: Okay. So on my channel, I'm usually

sharing about investing and saving

and staying out of debt, but there are other

elements that I like to share

that will help you on your journey to

build wealth. And today, I'm partnering with

Anthony to share on another

topic that I definitely wanted

some support ins presenting because it is

not a strong point when it comes to what

I'm doing, and that is

the importance of, budgeting.

So, Anthony, what are we gonna be going

over tonight?

>> Anthony Weaver: Wow. So one of the things that we'll be

going over is pretty much, what is a

budget? The importance of having a budget and

the different types of budgets that are out there that can actually help

you build a confidence in it. Because

I noticed that a lot of people, especially in

America, just don't have the confidence in

themselves to pull themselves out of the

debt that they have dug themselves into.

And I don't want to say you dig yourself out of debt, because with

the shovel, you can dig us out further into debt.

I want you to start pulling yourself out of debt and how

you can make that happen.

>> Lisa J. Stocks: Okay.

Okay. So

what tools or systems do you

recommend for tracking your

expenses? Or what is the first step? Is

it even tracking? What is the first step

in, getting on board with

having a full understanding of your budget and

where every dollar is going?

>> Anthony Weaver: Well, here's the truth. First, we have to understand what

is a budget and understanding that it's

not just a restrictions, but you have to think about it

as a freedom of your finances.

So budget isn't just punishment. It's about

a financial blueprint and just spending,

saving, and really just growing your wealth and

confidence. And the way how we can get

started is by really getting financially

naked. And what I mean by that is

by taking a moment to look at

all of your expenses, just lay it out all on the

table, log into all of your accounts,

and document everything. And the

reason why you want to document that is so that you

can understand, hey, this is my baseline.

There is no judgment. We

listen and we don't judge. And

this is what we have to do is be honest with ourselves, is

like, this is something that we all

need to do. I do this. I do this

on a monthly basis. And because I've

been doing it for so long, it only takes me about, you know,

20 minutes to document everything and just get everything

updated on my spreadsheet. But when it comes

to if it's your first time doing this,

it could actually take you about an hour or two.

And that is something that you have to actually set time

out to actually do because it's important.

It's your money. You should know where it's going. You should

know who has it and who keeps asking for

it, especially with those subscriptions. So

this is where I would say to start for

everybody.

>> Lisa J. Stocks: Okay, so you, you've laid that out.

Now how, how do you personally go about doing your

tracking? Do you just use pen and paper? Do you use a

spreadsheet or, you know, I hope it's a free

way of that you're doing this tracking, but if it's not, it's

not. But share how you would go about

it. And can you give other people that, you know, might

something different might resonate with them as opposed to,

to, you know, a regular notebook? Can you give us a few

different ways? Apps, spreadsheets, what do you think?

What is, what do you recommend on tracking those

expenses?

>> Anthony Weaver: well, to let you know, well, the way how I started, I started this

whole. The way, how I started with my budget in

the very beginning was actually using those free calendars. Have you ever gotten those

calendars where the people just leave them m out like, hey, calendar

2025, like 2025 is coming around and you always

get those free ones at work or whatever.

And so that's where I start. I like to visually

see when I'm getting paid

on a calendar, I can write that down. Okay,

I know I'm getting paid this week. I know I'm getting paid that week.

Okay, now you got it laid out on when you get

paid. Now it's actually this is where

you start documenting one of your bills due.

So you want to go down and take a moment and write it down. I'm

a visual person, so I like to have everything written out.

If you don't have one of those free calendars, you can

always go to Excel, just type

in a calendar, ah, template or just

print out any calendar template, really go to Canva

get one, print it out. And the

reason why you want to print that out, have it on pen and

paper. So'visually you can put this on a

refrigerator, put this by your bed. where are you going to

see this all the time?

>> Lisa J. Stocks: That's for people that don't need privacy, I guess.

Well, I mean, yeah, I'm just joking.

But you go,

>> Anthony Weaver: And if you want to take it digital, there's a couple ways.

So if you have Excel, if you already paid for

Microsoft 365, yes, you can use Excel,

but you can also use Google Sheets. That's also another

option as well, so that you can actually

document when things coming in, when things are

going out. And this is just a start.

Now what do you want to put on that Excel sheet?

You want me to go there?

>> Lisa J. Stocks: Yes. And can talk about how

okayus you might have bills that you pay on

different credit cards. And I just want to know how do

we find all the bills? How do we know where the money leaks are?

How do we know when we're, you know, buying gas and

buying snacks and we're just doing a little bit

too much and then saying, I don't have money

or, you know, you're a little short and

just, yeah, just share.

>> Anthony Weaver: What'S up.

>> Lisa J. Stocks: You have an Apple, you have a, Mac.

>> Anthony Weaver: Yes, I do.

>> Lisa J. Stocks: Yeah. I must have made some motion because

the thumbs up popped up on you.

>> Anthony Weaver: well, one of the things about, where to start

and the thing about it, so you don't have anxiety around

money and a lot of people have anxiety around it because they have,

they don't know where everything is, that the best way to start is to

actually write it down. Just be dirty with it.

Hey, you got that credit card? Write it down. You want to

write down what you want to write down from this credit card statement. You want

to write down, the last four digits of it so at least you

know what credit card it is. the bank name.

I'GOING to write down the interest rate of that particular credit

card. You'going to write down the due

date, the notification date of

when it actually gets reported to the

credit bureaus. And then also you want to notify,

you want to know when the statement dates are. So those are three dates. So you

need to make sure you write down on your spreadsheet. On top of

that, you want to know what day that

they are asking for this, because you need to know

mean. I'm sorry, not today. You need to know what the minimum amount

is, for that particular credit card. So at least you know

what the minimum amount is. Because when you go to,

pull up your credit report, they're going to show you what the

minimums are and they already calculate the total amount that you're

going to pay per month, on your credit report.

Experian, if you don't have that account, just go ahead on and go to

experperian.com comm, set up your free account. It's nice

and easy. You don't have to pay for it. The beautiful

thing about having it that way is you can see everything right in front of

you. Next thing you want to do it with the next credit card and the

next credit card, then you want to have another tab.

If you want to do your bills, so you're looking

into your gas, electric, water,

your house, your mortgage, your car

bills, you want to make sure those are all in there.

Third thing you want to do is to make sure

that you write down all of your annual

expenses. Your subscriptions, do you have

Amazon? when does that come out? Do you have any

credit cards with annual fees? You want to also make sure that the

annual fee is listed on your

spreadsheet and when it is actually due

Chase most of their cards are like $95

annually. So you have those options.

Having this ability to actually see everything

in skeleton form will

provides you a better resource and a better way to

kind of take things to that next level of

understanding your budget and where to start. I

know it's a lot, but it's hard to

do this without making sure that you know where

everything is at before you even start your budget.

>> Lisa J. Stocks: I think the hardest part is the most like painful

part is putting when you do have credit card

debt, putting the balance in the interest rate. And

yeah, that's the hard part looking at all that

in one place. But

okay, so

how, how do you go about making sure you capture

all of the charges if they're hitting your credit card or

hitting your checking account or do you have anything that you want

to share on that or am I going to deep?

>> Anthony Weaver: Oh no, you're fine. So the way how I do it

is to make sure first that you log

into all of your credit card companies accounts. And

you reason why you want to do this is because you can start

setting up your notifications. The notification

threshshells depending on your bank and also

the card, you can get it as low as $1.

So that means that anything over a dollar you'll

get a notification. Some banks only allow you to go down

as 5 and some is only 10. I know

American Express will only do as low as dollars.

So if you spend something like going snacks or whatever,

it only rings up like

$9.59. It will not show up in

your notification so you won't get a text message or anything like that.

So these are the reasons why you want to set up those notifications

so you're aware what's going on.

>> Lisa J. Stocks: Okay, I see the importance of tracking, but no

that would be like way too much.

But,

Okay, so let's talk. Well, I don't

know what you're going to be covering in your slides, so't I

don't really know what, where I should go with my

questions. Do you want to start sharing or what do you think?

>> Anthony Weaver: we can go down and start sharing because one of the things is

that, I just want before we.

>> Lisa J. Stocks: Do that, what type of budget are you going to be sharing

with us? Is it a zero based budget? You

know, what do you think is kind of a

budget that is kind of in line that

anybody can use?

>> Anthony Weaver: Yes.

>> Lisa J. Stocks: So the budget or is it not a one size

kind of fitd all that most could fit into

this type of budget? do we really need a

variety to, to kind pick from?

>> Anthony Weaver: Well, let's take it this way. So did you know

that only like 60% Americans only live

paycheck to paycheck. So by doing so, having

a budget, any kind of budget,

that suits your needs, that's at least you

have something. But what I'm going to talk about today, and one of the things that

I love the Most is the 50, 30, 10,

10 rule when it comes to your budget, which

is 50% of your needs,

30% is your wants,

10% your savings, and another 10%

is for your investments because you want to invest in your future. And

this is the one that I've seen has worked

the best. And also for all of my clients that I work

with, this is the budget that I put them on. And they

have been thriving in this arena and they've been

doing amazing work. So s so much so that they only come to

me for one session and then it was like, hey, I don't need you

anymore.

>> Lisa J. Stocks: Like, okay, okay. You're that

good, Anthony. I get you.

>> Anthony Weaver: I try.

>> Lisa J. Stocks: All right. All right. So since we are live, let's take

a station break. I have that built into my nightbot

so that you know, because when I first started

doing lives, I was told that I was

not, you know, taking my breaks and talking to the chat.

And I was kind of like, well, I've gotten over it. I

think I've gotten a little better.

>> Anthony Weaver: Butout out to the shout out to the folks in the chat.

That's what you're go going to do.

>> Lisa J. Stocks: Just acknowledge. Just take a quick station break.

Like, subscribe. Hit the notification bell if you're

not subscribed. I'm, dou streaming tonight

with about that Wallet. About

that Wallet. Who is Anthony Weaver?

It's that. That is his,

YouTube, channel. If you're watching from

Anthony'side, I am Lisa J. Stocks.

Subscribe to my channel. And thank

you everyone who is tuning in tonight. We are having

a discussion about budgeting, another

element that is important to your

financial freedom.

so, okay, let's get back to the show. Unless you have something else to

share in the station break.

>> Anthony Weaver: yeah, I just want to give a shout out to everybody that's joining

right now. So we got cutting edge. Ms.

Frdile. Missal. I'm sorry,

Karen.

>> Lisa J. Stocks: That's my channel number.

>> Anthony Weaver: Yes. M. Well, because I

was glancing. I'm sorry. I'm so sorry. Please don't beat me

up. Tamika,

points blank travel.

DJ Ron, what's going on, everybody?

Hopefully you guys are having a good time out there. Please throw your

questions out there if you'have any. so we can make sure we address

them today instead of you waiting, later

on. He has a question like, man, I really wish I answer that question.

>> Lisa J. Stocks: So,

okay, so we'll just take this one question and then

we'll get back to our slides. He's saying,

Anthony, did I hear you say invest 10% of. Of your

check?

>> Anthony Weaver: Hey, yes. because it can

be invest in either

yourself. It could be

invest in your,

get 401k. So these are things that you want to

look into. Is. Is

your budget. Does your budget actually allow for

that? Even if you're not able to get to 10%, you can start

off at 1%. But the fact of the matter is that you

want to get to that level.

>> Lisa J. Stocks: So the fact of the matter is we need to

invest for our future, for our future older

selves. And, you know,

especially if we're behind, we need to be doing a substantial

amount. Yes. Pay yourself first.

So, Anthony, I know you. You,

have some slides and some things that you prepare to

share. So I'm going to stop asking questions because I think it's just going to

confuse things because I feel like I'm going to ask the

questions that you already are ready to

cover and probably have, you know, whatever you want

to share. So I'm going to let you, get

going with what you want to present, and then

I'll try to see, keep track of my questions

and see if there's anything left for me to ask.

And if there is anything as you're going along,

I'll. I'll jump in. But are

you okay to share? Do you need me to give you.

>> Anthony Weaver: you have to present it, I think, because it's

the same PowerPoint that I provided you.

>> Lisa J. Stocks: Oh, I need to put it up. But you'll be able to move it or not?

>> Anthony Weaver: I'll be able to move it once you put it up.

>> Lisa J. Stocks: Okay. So I'm going to add it. All

right. Okay.

>> Anthony Weaver: So you all can see. I can move it. Oay.

>> Lisa J. Stocks: Okay, good.

>> Anthony Weaver: All right.

with this one right here, I just want to throw out a

little fun. Fact is that

obviously we talked about budgeting. It's not a one size fits

all. So one way of doing it is that you

can do zero based budgeting. You have that envelope

system. I'm sure some of you guys remember that if you're old enough

to know that it's like an old school cash budgeting

option, for better discipline. So you kind

of do still have those different buckets of

percentages. You just dump your dollars into

that, and then kind of keep it going. And

then obviously you have the other budget, which is

pay yourself first, which isioritizing paying yourself

that 10%. If you guys have read the book the Richards man

in Babylon, I highly recommend that, to

pay yourself first before you pay anybody else, because

that's the way to go.

All right? so if there's anything in here that you

guys want to ask, please do so just go down and

throw that up there and I'm sure at Lisa will put the question

up so I can see it as well.

we got to understand what is the budget. We

talked about it a little earlier. but this right here is a

little bit of detail. So if you want to go and take a

screenshot of this so you have it,

to understand what the heck is a budget. So when people keep

talking to you about what is a budget, it could be the

red be word that's in your house.

This is the foundation. You can call it a

spending plan, I call it a financial strategy session.

So you can actually sit down and actually tell where your

money is going, what's the importance of it?

Because let's think about it. We live our lives

by the seat of our pants. Every second of the day we, ah,

are to thinking about what can we eat,

what's planning out for dinner,

what's going on for lunch, you know, am I going to have breakfast

tomorrow? you know, do I

really want new shoes? My shoes. Be like, we

always thinking of things that we need in our lives, but

then it's like, well, do I really need that now?

Or is this something that I want to invest into myself in the

future. So, like, if you look at

Lisa's pink, you

know, cover for her microphone,

I love the ve of white

if you looking for that. And I was asking her

recently, I was like, hey, where did you get that? Because, for some reason

I cannot take mine off. And I'm thinking about to myself,

like, do I have that in my budget right

now to actually invest into a different color

mic?

Yes. But do I really want to spend that on that right

now? Or, would I rather spend it

on giving away a free

book, doing a live show, or

would I rather, you know, invest

into a different service? So this is

where you actually have the opportunity to kind of think

about long term. This is where you want to start thinking

about what do you want to do with your life later

on. Is this something that you looking

into? And so we're just going to take

a deep dive and just jump right into it.

So the 50, 30,

1010 rule. And this is a very simple

budget framework. Remember, this is just a

suggestion. And if you ever

looking this for educational purposes only,

please consult a professional.

if you're actually planning on doing more deep

dive into like investments and so forth. But this is,

remember, this is just the foundations,

presentation because I want to make sure that you all at

least have some type of foundation if you don't have a budget

already. Matter of fact, how many of you actually have a budget?

just put that in the comments, let me know how many of you all have a budget right

now.

>> Lisa J. Stocks: Ms. Frugel definitely has a budget.

>> Anthony Weaver: Do you have a budget, Lisa?

>> Lisa J. Stocks: I have somewhat of a budget. It's not perfect,

but m. I'm admitting it.

>> Anthony Weaver: Hey, there you go. Because,

and for me, I've gotten down. I'm

so laxed. I

actually kind of don't. And

I kind of do, but because I know where all my

money is at. It's just kind of like, all right, cool. I know I can

get this in how things going to work

around. Let's see,

Leastis. I agree with you. When you're young,

without children, going hard, investing first

get, to 100,000 in the

bank. No. Oh, and then back off.

Okay. Delay gratification. They

off definitely.

>> Lisa J. Stocks: Eddie has his budget.

YesJ. DJ Ron has.

Yes.

>> Anthony Weaver: Okay. Okay.

>> Lisa J. Stocks: Ms. Brugel, of course, because she, she shares her

budget on her YouTube channel and I watch her do her

budget. Nice, Nice budget.

Okay. David's budgeting.

>> Anthony Weaver: Hey, we got to get that down on paper.

All right, so it's okay that you have it in your head, but,

you know, sometimes writing it out does help out.

So the reason why I want to bring that up is because

personal finance is personal. And

no matter what budget you like, you'll find a budget

that will suit you based on your lifestyle. And

this one right here is just a concept that you can utilize and

you'll hear different variations of this particular

one. you know, so right now you're

actually thinking to yourself which is best digital versus printed

paper. So here's the truth

about budgeting tools. There's no wrong choice.

Okay, so apps like every dollar that's out there, we're not

sponsored by it, are a great

automation and to dealing with

the pen and paper offer more of a personal

connection to your finances. Because if you actually take the time out to

really write down everything, you kind of feel that be

like, man, I got to write all these zeros

and extra numbers of how much I actually

owe. When you think about that, it's quite a

bit and understanding

of where your money is at, you actually feel that connection.

So, you know, this will

actually kind of blow your mind. Just asking the right questions

that makes all the difference. And I was thinking about this

driving yesterday. is that

a question, when asked

during a fragile

time in your life, could

actually take your life to a whole, not other direction

than you even thought it was. So I, want you

to kind of ask yourself, what is the biggest

financial goal right now?

Secondly, am I

comfortable using tech or do our

preferred simplicity? And

third, how often can

I realistically review my budget?

And the reason why you want to ask these questions is

because this is something that this is going to have to

change a lifestyle for you. This is no longer

just kind of like, hey, I do it in passing. If

you really want to make this happen, you have

to put into work. You have to

really take time out and be

vulnerable to yourself. You have to make sure

that this is something that you want.

>> Lisa J. Stocks: Oh, Anthony, you're getting that we're talking budgeting. You're

getting, you're getting. Making this so deep and emotional.

I mean, let me, let me lighten it for a

second. I'm getting emotional with the way you're talking.

Like, o. okay, but let me, let me share because I said I'm

not so great at it, but let me, let me tell. Let me share what

I am actually doing when it comes to my budgeting. So

I don't do my Google Docs spreadsheet

every month. I probably do it

quarterly in real detail. And that's

where I track my full net worth also. So I'll

check the values of the properties and

put all of the detail in there. But that's

not. I don't do it every single month. and then

I use the happy Planner and that has a

layout that gives the full month in

one view, like you're saying. And then

in between there's individual pages

that I can track in more detail down to the

day. But I always like to have a planner that

gives me, a layout where I can see the whole

month in one shot, like you're saying, so you can see the

payday and, when

things are due, all in one shot at least. And

then I make

sure to be able to,

list out everything so that I can see

throughout the year. Certain things are going to fluctuate, like the

electricity and stuff, but just to have a handle on it

and to see when things are really,

really shifting. And I have to figure out what happened

here, you know, or I have to talk to the household and say

we need to calm down on the. Using that heater or

using, you know, right now I have some areas of the house that

have like, electric heater. So just stuff like that.

Which I know it's going to happen because it'

it's the dead of winter, but

we also have to be mindful because

the budget is the budget, so.

>> Anthony Weaver: Okay, so you want take a station

break before we move on?

>> Lisa J. Stocks: I don't. I think we've. Nate, thanks for

tuning in. I think we're good. I think we're good. Do you have anything

else?

>> Anthony Weaver: Oh, I got plenty. I mean.

>> Lisa J. Stocks: No, I'm saying, did you. Anything else that you wanted to,

to mention? I don't think you have any other

questions or anything that we missed?

>> Anthony Weaver: No, I was just saying, like, if you're already enjoying this,

obviously if. you know, I do have a

monthly newsletter that I put out from time to time, like

from, obviously from time to time, once a

month that talks about other

budgeting things that are happening in the news. And also

some AI prompts if you starting a business or even just

want to talk to your kids about finances,

different AI prompts that you can actually utilize with that. So that's

all in my monthly budget. Me. My

monthly newsletter. I'm looking at the word

budget.

>> Lisa J. Stocks: Yeah. Guys, this is a special. This is a

special event tonight with me dual streaming with

Anthony. But every Thursday night, 8:00pm Eastern

Standard Time, Anthony streams on his

channel.

>> Anthony Weaver: Okay, awesome. Thank you. So

this is where we get down to actually putting everything into

a budget. We kind of talked about this already on a prior slide,

so don't have to go into detail. If you guys want to take a

screenshot of this one, you can go for it.

so I'll give you a second there.

Okay. So this is where we start getting

into making the budget work for you.

And the reason why I'm doing this more, like, in

a presentation style is because I actually, I used to

be a teacher. I think I. Once you're a teacher, you're always a

teacher. So it's just kind of like, this is

comfortable for me. And obviously, I don't use

too many words, but enough to actually convey. So if you

want to take a screenshot out of these particular slides, you

at least have something to,

help you out with this. So one of the things we

talked about tracking your expenses, but also

we talked about reviewing regularly. So, Lisa, you'saying

like, you review, you know, you try to do

monthly, but when you get around to it, you think about it,

you get to it. which is good

and which is keeping it

flexible in the sense where it's not. It doesn't sound

like a job, and you feel like, oh, man, I got

to do this budget thing again. Or,

man, why do I got to keep sitting

here by myself drinking wine, doing this budget

thing? You can have it down if, depending on the app

that you use, you can actually sit down and just do it.

Couple seconds on your phone. I like to

just have everything spread out. I try not to do it.

Oh. The most important thing of just doing it is

also the location of where you're actually doing your

budget. So if you're always at the dinner

table trying to do your budget, and

then you got to eat there as well. Try

not to mix those. I, challenge you to go

to a different area of the house or of the

apartment just to kind of sit down. And even

if you need to go to a library, you can just go

to the library and just do your budget. It's free. You can get one of

those free study rooms and just

do everything right then and there because you don't want

to mix money, and I don't like to mix money and

food. I'm not sure if it's just me, but I don't

like to have that same energy of, like, I'm

stressed, and then I gott go get something to eat. And then, like,

when you're making your food, you feel stressed. Because it's in that

same space, you know?

>> Lisa J. Stocks: Yeah, I understand what you mean. When we first went

into, you know, having to work from home and couldn't go

outside at all, I didn't have. I really didn't have

a home set up. I would work from home sometimes,

but it would be like a day, a half a day here and there.

And then I went to 100% home all of

the time. and the job that I was in when

we. When that happened, I was going to the office

100% of the time. So

I was, you know, when I had to start working from home, I was working from the

kitchen table, and I worked from the kitchen table for a long

time. And then I said, okay, this is real. This is not

changing. So then I got a desk, and

when I sit at my. I have a desk downstairs. so when

I sit at that desk, I hear what you're saying. I

have. I'm in a different mode when I sit at

that desk. And when I come up here to the studio, I'm in

a different mode. You know, Like, I. It gets me in the,

in that. Right. Headspace to. To do what I have to

do and stay focused on it, you know.

>> Anthony Weaver: And it's almost like you're giving yourself like a financial gym

where it's like, you know, you get your gym clothes on, like, you

can actually have some fun with it. Like, hey, this is my budgeting shirt. You

just put on a different shirt. You know, I just want to. Want to

budget out and just knock it out. But you're in that

space that you have where you like, hey,

I'm locked in, ready to go.

yeah. So that's one things I like about it. So change your

environment, change your lifestyle,

and let's make it happen.

>> Lisa J. Stocks: Okay. I saw on that slide that we had there

about automating savings and

yes, let's get into. To what we're really

the. Let's

do the topic, Anthony, because I think that

that's a really good point, and I think that's something that can help a lot

of people is making sure to automate those bills. That's going to

help you towards your credit score and just all the things, you know,

because sometimes life gets in the way and you could forget to pay your

bills, but automating, your

savings, your investing automation.

>> Anthony Weaver: Yeah. So one of the things that I

like to do is actually have multiple bank

accounts. So some people just

have the money in for like, hey, you got your checking account.

Okay. And then you got Your savings. That's

most of the two that people have. Well, so

I actually have one that's called for the car because

anything can happen with my car. I'll put somebody into that

one. I have one for the house. So if

there's anything else that I need to get for the house. Cool,

I got money for that. Then I have money

for, my splurge fund.

So I can actually go splurge out and geek out

on tech stuff. And then

I have one for vacations because

going to these different, venues thr

us on the business side, I have the business set up for that as

well. But as far as when I'm going on

vacation, I have my vacation fund

and automating all of that. This is the beautiful

thing about having it automated'like a set of forget it type

thing. So I'm not sure if you know, Lisa,

but when you go to,

your bank and you go to hr, not even go to your bank. You just go to

HR at work and you can tell them saying

like, hey, I want you to allocate

10% of my paycheck to this particular account.

I want you to do 2% to this account

or this dollar amount to these different accounts

and have all of that automated as soon as you get

paid.

>> Lisa J. Stocks: Yeah, you don't have to manually do that. I did

know that. But I've never gone about doing it that way. I

just have my check. I've always had my

employer with just one place to send my

entire check. And then from there, you know,

I allocated over to my accounts that.

Discover the way you're describing. I have

multiple accounts too. Like that.

>> Anthony Weaver: Yeah, like you have like a set of forget accounts.

Like you haveah. Like a whole nother bank where you're throw everything over

to.

>> Lisa J. Stocks: Yeah, I used a local bank for. That's

where the, the direct deposit goes. But then

once I pay the bills out of the checking

account, the remainder has to go

into those different buckets.

>> Anthony Weaver: Yeah. And that's the beauty of automation.

>> Lisa J. Stocks: Including over to my investment apps,

you.

>> Anthony Weaver: Got to make those right.

>> Lisa J. Stocks: There's a good apy over there too. So I have

no problem with having money sitting over

there.

>> Anthony Weaver: I love that. And because, when it comes to it

also, for some of you who haven't heard of

this, which is a high yield savings account, which is

hya. So you might hear other. so

when you. I want to make sure I educate you as well, not

you, Lisa, but I mean like you as a total you who are

Listening is the

Hya. the High Yield Savings accounts,

which are providing interest rates are a

lot higher than your typical big

banks. So like Bank Ve America might got,

0.01%

for your checking or even your savings

if you switch it over to a high Yield savings account,

which are a little smaller banks. Some of them are

online. You're actually looking around like

3% right now. And I know during COVID

and when things were like, heavy, it was around like

5%, which I thought was amazing. So,

you know, having those, different opportunities that are

available to you to actually automate

that process so that you're never

missing a beat, you're never

missing, a build, you're never

missing anything. And I think this is great to

have. So.

Hey, what's going on? Thriveiving Glob

with Joe. Thank you. Come through.

>> Lisa J. Stocks: so I'm still getting

3.75%, at

Discover on my regular savings, and I think I'm getting about

3.9 on Webull

and about the same on MUU, just to

mention. So it has come down from the around

5% that you mentioned, but I'm still

not down to 3 yet. Close to

4. So close to 4.

>> Anthony Weaver: Yeah. Because I utilize Marcus, which is backed

by Goldman Sachs. So that's been helping out really

well. I think they, last I checked, I

think was a couple days ago, it was like, a 3

75. So

it's a lot out there, you guys. So please do not

leave money on the table by not taking advantage of

this. And then also with the automated. I'm thinking about this even with their

retirement accounts, like automate that stuff. I

mean, yeah, it's a savings account, but it's

for your retirement when you get older, so

you'it's still saving something

versus nothing. And if you're just starting

out, it's okay, start with 1%,

start with $1, put something in

there and then grow from that

because at least you're investing in something and have that

delayed gratification for

later use. And even with the $1, it's a

start. So you can even start doing your seed money if

you want to get making hundreds of

thousands of dollars. Like Lisa is over here with the, with

her socockks and stuff.

>> Lisa J. Stocks: I'm saying, with myix.

>> Anthony Weaver: Yeah. Ah, yeah, yeah.

>> Lisa J. Stocks: I hope everybody's watched that video.

>> Anthony Weaver: Because we want to make sure that we can have that kind of money. And,

and if you're new to investing and you just don't know where to start,

it's okay, start with your seed money. Automate that

process where you actually putting that dollar into that savings

account. Let's call it seeve money, or you call it my investment

fund or my,

my future life fund. Like, you can go in and

rename all your accounts. Do that. Automate that

process. So when it hit a certain threshold, you're like, all right, cool. Lisa

about talk stocks.

All right, I got my seed money. What are we

getting into the dailies? And then, you know, you

can invest on that. And that's the beauty

spe Speaking of.

>> Lisa J. Stocks: That, I did open a new account. It's called. It's

called the Lisa J. Stocks account.

>> Anthony Weaver: There you go. There you

love it.

so these are the common

challenges when it comes to investing. I just want

to highlight this. When it comes to budgeting,

one of the things is identifying your budget killers.

One of the things that I'LIKE to look into are your habits.

Because remember, this is a lifestyle. This

is an acronym that's done for,

you know, people that are coming out of rehab. So I'm,

stealing that thing. But it works in all areas,

which is halt ha A l T.

Majority of the times that people actually

fall out of their habits is because either

they are hungry, they're angry,

they're lonely, or tired.

I'm going to say that again. Either you're

hungry, you're angry,

you're lonely, or you're tired.

When you're feelling anyone, four of those things

make sure you either go get something to eat,

you find somebody to lift your spirits up, you

kind of get moving, not get tired before you

make any judgments, because this could

actually impact your finances

and impact your lifestyle or relapse

into whatever bad habits that you had.

So you want to continue on to build up that momentum. I'm

starting from top down.

So let's talk about these subscription services.

These are like the, how can

you say, the

parasites of your budget. Think about a subscription as a

parasite. Like they won't kill you,

but they just there nothing, you know,

sucking along, taking whatever resources

that you have. And they won't

kill your budget completely because if you ever notice, they try to

stay under that $20 budget, they say in around

20, 25, 25. I think it's the max

for what people can handle right now in that budget

per service. One of the things I could tell you right

now, I was paying $20 for Hulu and I was

like, why am I paying so much for

Hulu? And then I looked at it and I was like,

oh, they recently partnered with Disney. Disney

already owns Hulu. Anyway, so

for extra 80 cents,

I'm getting Hulu and Disney plus at the same time.

So you might want to take a look into some of those old subscriptions

and see what, what is available to

you now. Not just your Netflix and

gym memberships, your streaming services, but

you also want to look into your car

insurance. That is a subscription. You

don't have to be locked into that bank. You can switch

over. I do a six month,

payment for my subscriptions mean not subscriptions

for my car insurance. Yeah.

Because for me I get like a little extra discount for doing that. So

you might want to talk to your,

insurance companies. One of the things that you can also

do to help out with yoururance, this is an added tip

here, is that during the fall,

during the winter, that's a lot of accidents happening.

So you can actually go in,

modify your insurance to

have that. make sure you get the max insurance or whatever if

you can play around with it without really comfortable with, but you want to have a

little bit more insurance during that time fr, because there's a lot of accidents

happening. Then in the spring, in the

summer, you can adjust that, change it

back, bring it down a little bit so that,

hey, not too many accidents happen, but at least you have

enough where you're comfortable with. Now again, you want

to double check on what's comfortable for you. For me, I

have all the deductibles, at like $1,000, because I was

like, cool, I can do $1,000. Just knock that

out. Some of you might not, so you might have to bring

that down to like maybe even $50. That's all you want to

pay. You can play around with that. That's the

beauty of, you know, shopping around and making sure

that you're looking at your subscriptions and also eliminating

unlimited unnecessary expenses. That's my goal this

year. That's my personal goal, is to

actually get rid of a lot of these

unnecessary expenses. so like I

got rid of prime, so I'm waiting the

extra couple days for things to come

through. so much so that,

you know, I just don't I even forget that I even ordered it.

So it's not like a, an extra day, but it comes

through.

So Lis, is there anything that you trying to eliminate

this year or you

looking into any unnecessary expenses?

>> Lisa J. Stocks: No, I think I've combed through everything. There is

something that I feel like I could live

without, that I could do without it' The

XM radio in the car.

but everything else I had in. See, I knew you were

just going to be covering the things without me having. I have all

these questions. I wasted a piece of paper on

you. But

because you have your whole thing to

you had your whole plan going on here. Sorry, I'm just sharing

out the live. So

when it comes to subscriptions. No,

I think everything. I have it at the lowest level.

Now what you were saying about changing up the insurance

based on the different time of year, I never thought about

that one. But as far as like gym

memberships and you know, the

subscriptions and

the. I have a house phone.

All these different things I think I've got. I have them

at the lowest price point that

I can have them at. You know, I've evaluated

them and I've also. I had this written

down in my notes that we should ask ourselves.

Is this item adding value? Can

we cut back and. Or can we stop it

allether? So that's what I wanted to

share about going through your budget and going

through all these different subscriptions

and just taking. Asking yourself those three

questions and then deciding could this money

be used better throughout my budget

or you know, for, for debt repayment,

for investing, for saving, whatever you're

working on right now. And then you can,

then you'll know truly am. Am I doing the

best that I can? So I think I'm.

I'm trying to, I've combed through and tried

to get to that place.

>> Anthony Weaver: Yeah, we all. And I think that's beautiful that

you've taken time out to really have like a self

reflection, an annual reflection of where

your expense is going.

U. can we highlight one of the questions from

nerdy film girl? You can bring

that up.

>> Lisa J. Stocks: Nerdy. Nerdy. Nerdy. Nerdy. Let's

see. Is this, this big one right here?

>> Anthony Weaver: Yep. Okay, so she says

I have a 401k from an old job,

that I'm no longer at and I don't qualify for one at

my new job until I'm there with the company for over a year.

Should I be contributing to my old 401k or

just let it cook? Now that is

actually. Now remember this is for educational

purposes only. and

one of the things that you can do,

and this is just options that you have

the ability to. You can actually roll that 401k

over now that you're no longer with that particular

company to your own self directed

ira. So like you can either utilize

Vanguard or Fidelity and they

will easily work with you to transfer that over

if your company is already invested with that.

Say if your 401k is already within those

particular entities, they will just open up another

account, roll everything over, close the old account and

it's all within the same thing. They'll just change,

allow it to be self directed at that point. So

when it comes to contributions then you can actually start contributing

to it and so forth. And then once you get

your new one in, you can actually start working with that.

So that's a really good question because a lot of people

are changing jobs and, or

getting laid off because they are letting a

lot of people go. These companies are not

playing around this season. That's a whole

nother episode about that part.

>> Lisa J. Stocks: Yes, I think I agree with everything that you were saying. So it's

basically no longer a 401k.

You're going to have to roll it over, make sure that you do

it in the proper way. So it's not to

you know, create any, any tax

implications. If you're not staying with the same broker,

evaluate the broker that you're with because this could be an

opportunity to move to a better broker. I don't know

which company you know you were with. I know I

was with, I had a job, my very first job

that I was with for a long time. It was with

empowerment. And I was not having a good experience

with empowerment. So when I had the opportunity, when

I had the, when I had the money mindset and I

finally got my life together, I

made sure to do a rollover to

Fidelity and I got started and

the video that I was mentioning about what that

I invested into FX aax. That

is a portion of the money that I rolled over from

empowerment. So

once you do that I, and if you are

working and re. You're limited, I would say

definitely do that and contribute to it.

Contributes to the max, which is probably gonna be 7,000 do for you

if you're under 50 years old. contribute.

Yes. And do your own thing until you're

able to be on your companies, your

new companies. 401k. And then hopefully you'll be getting a

match. So after the year I would then

see about transitioning to focusing on

that if the company gives a match.

>> Anthony Weaver: And the beauty of actually investing in yourself

now with this whole year, you have a year

make sure that you are changing your adjustable gross

income or your AGI. I talk about that

on my show annually. There's a lady that comes on

Angelina king, with 718 tax services.

So she comes on every year, to talk about this

exact thing. So please check out my channel.

and we can take a deeper dive in. You can learn

a lot more into that because we did a full, deep dive

into rolling over your 401k.

All right. and also eliminating your expenses.

I just thought about that. Unnecessary expenses. So,

like, Lisa, you and I, we talked about this, what, on

Sunday, I believe. And when it came to

having, your

expense ratios for your investments,

if you take time out to really look into that, because that's

an expense that could be easily

creeping up on you that you're not familiar with or you're

not aware of. So please take a moment to look into

those ETFs that you're looking into mean your.

>> Lisa J. Stocks: And sometimes with. When you're.

When it is a 401k with certain companies,

you're limited into what you can invest

into. It might just be a targetated fund, or, you

know, it might be very limited. So this

could be a great opportunity for you to get

into better investments.

>> Anthony Weaver: Yeah. Okay.

we got, like, one more slide after this. And,

so this right here is. That's actually aligning your

finances with your goals. So if you

guys haven't done this yet, I highly

recommend. I mean, matter of fact, how about this?

How many people actually do vision boards? I don't do

a vision board. how many of you do vision boards? Do you

do vision board, Lisa?

>> Lisa J. Stocks: No, I did. I did once. I did one in

life, and I have. I haven't gotten what I

put on that board accomplished, so I'm not doing

anymore.

>> Anthony Weaver: You like trash.

>> Lisa J. Stocks: It was kind of like you. Like, you had me before. It's

a little emotional, like.

>> Anthony Weaver: Because, the reason why I asked this is because with these

vision boards, this is something that you want to do with your

finances. You want to actually take yourself on a

financial journey, a financial dream journey.

And you can even do this when you're dating somebody. Ask

them, like, so, what are your ambitions in life?

Where, what would you like your life to be

if you had all of your expenses paid? Where would you like

to go? what would you like to see?

what is it that you hope to experience before

you leave this earth? You know, these are the things that I want

you start thinking about. Because if this

is where you want to go, is what you're doing today

helping you out, get to where you want to go.

If it's a no. Then you need to

adjust. These are the things that

we have to start asking ourselves. Is this

something that we want to have?

And is this something that we are

really taking, a moment to

understand ourselves? Is this a realistic

dream, you know, based on your situation?

What things?

All right, let me. I'm sorry. I need to get real with this because this

one right here is this like this whole year,

is about sacrifices. Because in order for you to

grow or go to the next level, you need to let some things

go. And this is where you need

to take that moment. And hopefully, if you guys are

listening to this, take time out to write this down.

Where the heck do you want to go? and who do you need to

get rid of? When I say who, I mean actual bodies.

Like, you need to get rid of some family members. Not like, get

rid of them. Get rid of them. But, like, you need to separate yourself

from them. It's okay to do that. This is

your time to actually be selfish. I'm giving you permission to

be selfish. Say I'm selfish in the chat. This

is about me because this is something

that I want you to focus on for

yourself. You have what it takes

to take yourself to that next level. And in order for you to

do that, you need to

be humble. Not. No, no't need to be humble.

You need to be selfish. Be selfish

because nobody else is going to do it for you.

You can sit here and listen to Lisa. Now. We're not in your

budget. We don't live your life. We don't pay your bills.

We are here as a guide on the side

to help you along your journey. Maybe if you

tuning in into the first time and you just hearing about us.

Hey, thank you for being here. I'm

happy. But honestly,

we're just random people. on the Internet, somebo.

>> Lisa J. Stocks: Rand m. I'm not random.

>> Anthony Weaver: You're not random.

>> Lisa J. Stocks: I'm your best friends. I am.

I got somebody over here messaging me and telling me

to. To pay attention to my stream.

>> Anthony Weaver: Oh, my gosh.

>> Lisa J. Stocks: But I'm. Thank you for holding it down so well,

Anthony.

>> Anthony Weaver: Oh, no problem. That's what I'm here for.

because TR me I'll be. I'do the same thing. But,

you know, but Lisa, you also. You're the host. So you're actually

looking at. I'm thinking that you're looking at questions. So

if you're looking down, it's fine. U.

No judgment here. And the beauty of

having a moment of understanding of where you

want to be and where you want to go is that

you know what you need to cut.

So, all right, you reap what you sow.

What they always say, right? But reaping is one

skill. What you so is a whole nother skill. So

if you want to plant oranges in your yard,

you need to figure out when you need to start planting that tree, which

is today, and when you start

to start reaping it, which is

all the fruit from there. You need a ladder. Do you

need, some hats or whatever. These are

different things that you need to know on how to reap

what you sow. So right now we're just helping plant in the

seeds. It's going to be up to you to

kind of figure out what skills that you need to start

taking that, some of that money. Because when you're doing

your investments, that's one skill. Okay, cool. How do

I invest? All right, boom, boom, boom. I put my money in

there, all right. My seeds are growing. And this is

why I asked you, Lisa was like, how do you know

when to sell your stock? How do you know when to

reap what you sown already?

These are things you need to think about. When is the

right time? You need to figure out what is it that

you want in life and is this a goal that you want to have?

Okay, well, you adjust, you

grow, you re prune off the dead leaves, you prune

off the dead people that's in your life. You prune off those dead

conversations, you prune off

the low

energy, low brow stuff that's showing up

on your social media pages. You know, it's

okay to do that.

But you're here now learning about

finances. But I'm sorry, this is not strictly numbers. This

is about the mindset. This is a lifestyle.

And this is what I heavily focus on, is the sandwich

generation and the lifestyle around their

finances. Because anybody know how everybody know how to

make money?

>> Lisa J. Stocks: A person on the street about it. But can you please

define the sandwich generation for people that don't

use that term on a regular basis?

I am the sandwich generation. So. But let

everyone know, please.

>> Anthony Weaver: Okay, so the sandwich generation are

people between the ages, I would say around

35 to about, about 50. So those are

the people who have kids and

also, dealing with their parents,

not dealing with them, but in a sense they, are caretaker for their

parents. Now you also have what

they call is the club sandwich. Whereas if you had

your children young, now you got grandchildren.

So the grandchildren are in the mix, your children

in the mix. And now you have aging parents, you're

in the middle. It's a lot going on in that sandwich.

And then you have some people, what they call as an open face

sandwich, which is where you just

have your parent, you're a caregiver for your parents, but you don't have

any kids or vice versa.

And I'm actually in the open sandwich generation. I

don't have any kids. And

this is something that we, all have to kind of think about. It's like,

how do we actuallyign our finances with

our aging parents or without aging

kids? You know, these are real

conversations when your parent is getting old

and they're about to pass away. You know they're about to pass

away. How are you actually aligning your finances and your

goals? Are your goals still the same? You know,

you don't have that energy or you don't. You want to take

that trip to Belize or you want to go to

Bora Borow just for a weekend or a month

or something like that. But now you got an aging parent.

How are you going to deal with that parent? With your finances the way. How they currently

looking? Are they moving on their own?

You know, I'm saying, like, and.

>> Lisa J. Stocks: I often say to look to the older

people around you that seem to be living

well and comfortably in retirement and see

what you can learn from them. Because I

think, a lot of people are not in that

situation. They're more what you're describing where,

there is some struggle and they do not have

enough. They did not have enough invested to

be able to manage their

lifestyle comfortably in retirement.

>> Anthony Weaver: And it's tough. So it's like, how do, how

do we deal with that though? Like,

like these are, these are questions you got to ask.

>> Lisa J. Stocks: Put the work in now.

So, Anthony, thank you for being with me.

I. I'm sorry, what? Go ahead, go ahead.

>> Anthony Weaver: No, I didn't realize we coming up on time

pass.

>> Lisa J. Stocks: Okay. We are coming up on our

hour, but I wanted to say I

got to 5,000 on our live stream on Sunday. I

did update my Nightbot. So next.

Next, goal is 6,000, but I did update

that.

>> Anthony Weaver: Nice. Yeah, so my goal is 10%

of that. So I'm trying to get to 600. I

currently have 592.

So let's go to make it happen.

If you haven't subscribed to my channel, please do.

>> Lisa J. Stocks: Okay, so. So I guess we need to start

wrapping it up for this evening. Thanks for

tuning in. I know this is something different because my,

my, you know, My channel is primarily

investing, so I hope you don't mind when I mix these

different things in. but it seems like

the people were in the chat and they were enjoying this topic tonight.

Anthony, what do you think?

>> Anthony Weaver: I think this was actually a good live. I

appreciate it, and thank you so much for doing a

reverse interview for me on my live show.

>> Lisa J. Stocks: A, reverse interview? What do you mean? Y.

>> Anthony Weaver: Because I'NEVER been an interview like doing my live

shows, so this is actually pretty. Why she. No, this is

second time to be interviewed on my last

show.

>> Lisa J. Stocks: Okay.

>> Anthony Weaver: Don.

>> Lisa J. Stocks: I don't know. I don't. This is al live and Sunday.

Well, I have to talk to you offline.

>> Anthony Weaver: Okay.

>> Lisa J. Stocks: So, and

nerdy film girl. It seems like she discovered both of

us today. Welcome, welcome.

I don't know if we got into some.

We're not. We're not vertical, so I don't know why she

discovered us today, but that's great.

>> Anthony Weaver: Yeah. Let'give you some ad homes for this.

All right. Appreciate it.

>> Lisa J. Stocks: See, Joe didn't know about this sandwich generation

stuff. I knew you needed to explain,

but you explained it all different kind of ways. I just

think of it because I guess I just think of it the way that I

am. I'm in the middle and I have,

you know, there's young people that can. Cannot drive

yet and. And obviously cannot

work yet. So you're providing all the financials for

them. And then I have older family members

that either cannot afford a car or have health

concerns. And, you know, so I understand

that helping the younger and the older

generation, I'm definitely in that. That boat.

thank you, Ms. Frugal. She said it was a great

live O.

>> Anthony Weaver: Thank you.

>> Lisa J. Stocks: Thank you for sharing good information.

Joe loved it, right?

Yes.

>> Anthony Weaver: well, one of the things is that because I know Joe asking

about what are the people over 50? So there's

difference between. So the sandwich generation will always be

the same. So everybody will be moving in and

moving out of that generation. So, like, how

the names for, like, if you're born between this time and this

time, you're a boomer or Gen X or Gen Z

and Gen Beta and all these different things,

the sandwich generation will always be the same

because people move into it and move out of it based

on their family dynamics and

the way how it's set up. So I just wanted to let

people know about that.

>> Lisa J. Stocks: Yeah, yeah. Not tied to age, but. Okay.

So you'renn, you want to bring this down?

>> Anthony Weaver: Okay.

>> Lisa J. Stocks: O. I can kill this or do I do it. Okay.

I just wanted us to be the, back

prominent, just to, say goodnight to our

guests. But yeah, let us know if you have any

questions even after the live. We will try to

respond to them. And thank you for tuning in.

I know this is a different time slot. I'm only usually

live on Sundays, so

any closing remarks?

Anthony?

>> Anthony Weaver: I just want to say, everybody, that you have

what it takes to be successful in. In finances.

You are the CEO

of your finances and of your life. So please make

sure that you take good care of it

and run it like a business, because you deserve it.

>> Lisa J. Stocks: Okay. Good night, everyone. Thanks for tuning

in.

>> Anthony Weaver: All right, everybody. Ye. Peace.