Episode 2: Budgeting with Loula T. Williams
Published 2024-05-23
In this episode, we explore the budgeting wisdom of Loula T. Williams, a trailblazing entrepreneur from the late 19th and early 20th centuries. Born on September 3, 1869, and passing on May 1, 1919, Williams achieved remarkable financial success with her husband and business partner.
1. 30/20/50 Rule: Allocate 30% of your income to bills and needs, 20% to savings, and 50% to wants. This method helps balance financial obligations, future savings, and personal enjoyment.
2. Zero-Based Budgeting: Assign every dollar a purpose. This technique ensures effective expense tracking and living within your means.
Williams emphasizes that budgeting was key to her financial independence and entrepreneurial success. Her dedication allowed her to navigate challenges confidently and leave a lasting legacy.
Key takeaway: Strategic budgeting, whether through the 30/20/50 rule or zero-based budgeting, empowers you to control your financial destiny.
Join us to learn how Williams' budgeting strategies can inspire your financial journey.
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