Financial Sobriety
Financial Sobriety
Episode 4: Your family as a business. Your balance sheet and P&L explained.
Episode 4: Your family as a business. Your balance sheet and P&L explained.
Episode 4: Your family as a business. Your balance sheet and P&L explained.
Tuesday 4th February 2020
Matthew and Jim teach you how to manage your household budget like a business with balance sheets and profit and loss statements in this episode of Financial Sobriety.
50 minutes
Informative
Empowering
Encouraging
Thought-provoking
Raw
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Financial Health in Recovery
Sobriety Toolkit
Navigating Intimate Relationships
Body & Mind
Parenting & Children
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Get the buttons here!Transform Your Finances: Treating Your Family Like a Business
Financial sobriety has been about a process of changing how I feel about being wealthy.
Ever wondered if you could run your household finances as smoothly as a business? In this episode of 'Financial Sobriety', hosts Matthew Grishman and Jim Gebhardt dive into the nuts and bolts of managing your family's budget using balance sheets and profit and loss statements. This isn't just about numbers; it's about reshaping your relationship with money, people, and yourself. Matthew shares his personal story of hitting rock bottom due to money addiction and how he turned his life around.
His journey offers a glimmer of hope for anyone feeling overwhelmed by financial woes. Jim breaks down the basics of balance sheets and profit and loss statements, explaining how these tools can give you a clear picture of your net worth and help you manage your household budget more effectively. With real-life anecdotes and practical tips, this episode is packed with actionable advice to help you take control of your finances.
Whether you're trying to curb spending or just want to understand where your money is going, this episode offers valuable insights to get you started on the path to financial sobriety.