6: The 50/30/20 Rule Explained | How To Manage Your Monthly Cash Flow

Financial Footprints

#Trading #Business #Podcasting Education #Kolin Hayes

1:14:43

Artificial intelligence is evolving at an unprecedented pace—what does that mean for the future of technology, venture capital, business, and even our understanding of ourselves? Award-winning journalist and writer Anil Ananthaswamy joins us for our latest episode to discuss his latest book Why Machines Learn: The Elegant Math Behind Modern AI . Anil helps us explore the journey and many breakthroughs that have propelled machine learning from simple perceptrons to the sophisticated algorithms shaping today’s AI revolution, powering GPT and other models. The discussion aims to demystify some of the underlying math that powers modern machine learning to help everyone grasp this technology impacting our lives, even if your last math class was in high school. Anil walks us through the power of scaling laws, the shift from training to inference optimization, and the debate among AI’s pioneers about the road to AGI—should we be concerned, or are we still missing key pieces of the puzzle? The conversation also delves into AI’s philosophical implications—could understanding how machines learn help us better understand ourselves? And what challenges remain before AI systems can truly operate with agency? If you enjoy this episode, please subscribe and leave us a review on your favorite podcast platform. Sign up for our newsletter at techsurgepodcast.com for exclusive insights and updates on upcoming TechSurge Live Summits. Links: Read Why Machines Learn, Anil’s latest book on the math behind AI https://www.amazon.com/Why-Machines-Learn-Elegant-Behind/dp/0593185749 Learn more about Anil Ananthaswamy’s work and writing https://anilananthaswamy.com/ Watch Anil Ananthaswamy’s TED Talk on AI and intelligence https://www.ted.com/speakers/anil_ananthaswamy Discover the MIT Knight Science Journalism Fellowship that shaped Anil’s AI research https://ksj.mit.edu/ Understand the Perceptron, the foundation of neural networks https://en.wikipedia.org/wiki/Perceptron Read about the Perceptron Convergence Theorem and its significance https://www.nature.com/articles/323533a0…

рік тому 9:00

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In this episode Kolin talks about the popular 50/30/20 rule when it comes to managing your monthly cash flow. Kolin shares the different categories and how to determine what falls into the 50% vs 30% vs 20% category for your monthly expenses. Kolin shares an example of how you can quickly start to manage your monthly cash flow by using the 50/30/20 rule. It is important to note that this is just a rule of thumb & is not an end all be all rule. It will change as your financial goals, income, family, etc. changes. However if you are just starting out, following this rule can be a great start.
Disclaimer: Financial Footprints is not intended to provide personalized financial advice. The information shared on this podcast is for general educational and entertainment purposes only. While we aim to share helpful tips and insights, every individual’s financial situation is unique, and what works for one person may not be right for another. Always do your own research and consult with a qualified financial professional before making any major financial decisions. We’re here to share ideas and spark conversations—but when it comes to your money, make sure you get advice tailored to your specific circumstances.

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Financial Footprints

6: The 50/30/20 Rule Explained | How To Manage Your Monthly Cash Flow

Financial Footprints

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11 епізодів

#Trading #Business #Podcasting Education #Kolin Hayes

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Financial Footprints

1
10: The Difference Between a Financial Planner and an Investment Manager 8:20

16 днів тому8:20

8:20

In this episode Kolin talks about the difference between a financial planner and an investment manager. The reason for this episode is most people will decide it is time to partner with a financial advisor, however they may, unknowingly, partner with an investment manager when they are really looking for a financial planner. They are looking to get advice on all aspects of their financial life, yet they hire an investment manager who only focuses on the money they are managing. This can cause a negative experience with that person and financial advisors. This episode reinforces the importance of asking good questions in the interview process before you decide to work with a financial advisor. Disclaimer: Financial Footprints is not intended to provide personalized financial advice. The information shared on this podcast is for general educational and entertainment purposes only. While we aim to share helpful tips and insights, every individual’s financial situation is unique, and what works for one person may not be right for another. Always do your own research and consult with a qualified financial professional before making any major financial decisions. We’re here to share ideas and spark conversations—but when it comes to your money, make sure you get advice tailored to your specific circumstances.…

Financial Footprints

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9: Understanding the Importance of Asset Location and How Each Account Type is Taxed 11:20

18 днів тому11:20

11:20

In this episode Kolin talks about the importance of understanding how different account types have different effects on taxes. Kolin shares the difference between pre tax, post tax and taxable accounts. How each of these account types offer different tax benefits and why it is important to have each of them. Also, Kolin shares a bonus account type that offers triple tax benefit. He explains how different account types will help with your tax diversity and how each play a crucial part in your financial planning. 2025 Capital Gains Rate Table: Click here! Disclaimer: Financial Footprints is not intended to provide personalized financial advice. The information shared on this podcast is for general educational and entertainment purposes only. While we aim to share helpful tips and insights, every individual’s financial situation is unique, and what works for one person may not be right for another. Always do your own research and consult with a qualified financial professional before making any major financial decisions. We’re here to share ideas and spark conversations—but when it comes to your money, make sure you get advice tailored to your specific circumstances.…

Financial Footprints

1
8: Creating A Personal Cash Flow Statement | 2025 Updated 11:41

19 днів тому11:41

11:41

In this episode Kolin talks about the importance of creating a personal cash flow statement. He shares how to build your own personal cash flow statement and what all goes into this calculation. Kolin shares why tracking this number can help you progress in your finances and how to improve your cash flow results if they are not where you want them to be in 2025. Disclaimer: Financial Footprints is not intended to provide personalized financial advice. The information shared on this podcast is for general educational and entertainment purposes only. While we aim to share helpful tips and insights, every individual’s financial situation is unique, and what works for one person may not be right for another. Always do your own research and consult with a qualified financial professional before making any major financial decisions. We’re here to share ideas and spark conversations—but when it comes to your money, make sure you get advice tailored to your specific circumstances.…

Financial Footprints

1
7: How To Calculate Your Net Worth | 2025 Updated 7:31

20 днів тому7:31

7:31

In this episode Kolin talks about what net worth is, how to calculate your net worth and the importance of calculating your net worth. Kolin talks about the power of tracking your net worth over time to see the growth and progress you have made each and every year. Kolin shares a simple formula you can use to start tracking your net worth today! Here's a free net worth calculator: Ramsey Solutions Net Worth Calculator Disclaimer: Financial Footprints is not intended to provide personalized financial advice. The information shared on this podcast is for general educational and entertainment purposes only. While we aim to share helpful tips and insights, every individual’s financial situation is unique, and what works for one person may not be right for another. Always do your own research and consult with a qualified financial professional before making any major financial decisions. We’re here to share ideas and spark conversations—but when it comes to your money, make sure you get advice tailored to your specific circumstances.…

Financial Footprints

1
6: The 50/30/20 Rule Explained | How To Manage Your Monthly Cash Flow 9:00

4 weeks тому9:00

9:00

In this episode Kolin talks about the popular 50/30/20 rule when it comes to managing your monthly cash flow. Kolin shares the different categories and how to determine what falls into the 50% vs 30% vs 20% category for your monthly expenses. Kolin shares an example of how you can quickly start to manage your monthly cash flow by using the 50/30/20 rule. It is important to note that this is just a rule of thumb & is not an end all be all rule. It will change as your financial goals, income, family, etc. changes. However if you are just starting out, following this rule can be a great start. Disclaimer: Financial Footprints is not intended to provide personalized financial advice. The information shared on this podcast is for general educational and entertainment purposes only. While we aim to share helpful tips and insights, every individual’s financial situation is unique, and what works for one person may not be right for another. Always do your own research and consult with a qualified financial professional before making any major financial decisions. We’re here to share ideas and spark conversations—but when it comes to your money, make sure you get advice tailored to your specific circumstances.…

Financial Footprints

1
5: Debt Snowball vs Debt Avalanche | Which Method Is Better For Paying Off Debt? 11:22

4 weeks тому11:22

11:22

In this episode Kolin goes over the debt snowball method and the debt avalanche method to compare which of these methods of paying off debt is better. Kolin shares the pros and cons of both the debt snowball vs debt avalanche method as well as the reasons why you should choose the debt avalanche vs debt snowball method. At the end of the day, to answer the question of which method is better for paying off debt is really about you. Are you someone that needs the quick wins of the debt snowball method or can you do the debt avalanche method. Disclaimer: Financial Footprints is not intended to provide personalized financial advice. The information shared on this podcast is for general educational and entertainment purposes only. While we aim to share helpful tips and insights, every individual’s financial situation is unique, and what works for one person may not be right for another. Always do your own research and consult with a qualified financial professional before making any major financial decisions. We’re here to share ideas and spark conversations—but when it comes to your money, make sure you get advice tailored to your specific circumstances.…

Financial Footprints

1
4: 7 Things To Look For In A Financial Planner 15:45

5 weeks тому15:45

15:45

In this episode Kolin goes over 7 things to look for when researching a financial planner or a financial advisor. Kolin talks about the financial planning industry and why he thinks you should look for an advisor who is fee only, fiduciary, independent and much more! Kolin shares his reasoning behind these choices. Disclaimer: Financial Footprints is not intended to provide personalized financial advice. The information shared on this podcast is for general educational and entertainment purposes only. While we aim to share helpful tips and insights, every individual’s financial situation is unique, and what works for one person may not be right for another. Always do your own research and consult with a qualified financial professional before making any major financial decisions. We’re here to share ideas and spark conversations—but when it comes to your money, make sure you get advice tailored to your specific circumstances.…

Financial Footprints

1
3: Roth IRA vs Traditional IRA | Which one is right for you? 15:48

5 weeks тому15:48

15:48

In this episode Kolin talks about the differences and similarities between a Roth IRA and a Traditional IRA. Kolin shares some rules of thumbs that help you decide between a Roth IRA and a Traditional IRA including situation, tax bracket and more! Kolin helps listeners understand the tax implications of choosing a Roth IRA vs Traditional IRA & also covers how much you can contribute to a Roth IRA/IRA in 2025. Learn more about IRA deduction limits here Learn more about Roth IRA income limits here Disclaimer: Financial Footprints is not intended to provide personalized financial advice. The information shared on this podcast is for general educational and entertainment purposes only. While we aim to share helpful tips and insights, every individual’s financial situation is unique, and what works for one person may not be right for another. Always do your own research and consult with a qualified financial professional before making any major financial decisions. We’re here to share ideas and spark conversations—but when it comes to your money, make sure you get advice tailored to your specific circumstances.…

Financial Footprints

1
2: What is an Emergency Fund and Why Do You Need One? 16:17

5 weeks тому16:17

16:17

In this episode Kolin goes over the importance of an emergency fund, why you need an emergency fund, how much you should have in an emergency fund, where you should put your emergency fund. Kolin talks about the overall reason behind an emergency fund to help listeners understand the WHY. When you understand the WHY behind an emergency fund, it all starts to make sense. Here is a great X thread on where you can put your emergency fund Disclaimer: Financial Footprints is not intended to provide personalized financial advice. The information shared on this podcast is for general educational and entertainment purposes only. While we aim to share helpful tips and insights, every individual’s financial situation is unique, and what works for one person may not be right for another. Always do your own research and consult with a qualified financial professional before making any major financial decisions. We’re here to share ideas and spark conversations—but when it comes to your money, make sure you get advice tailored to your specific circumstances.…

Financial Footprints

1
1: 7 Questions To Ask A Financial Advisor Before You Hire Them 19:14

6 weeks тому19:14

19:14

In this episode Kolin goes over 7 questions to ask a prospective financial advisor before you decide to hire them. The questions help you understand what the financial advisor does, specializes in, charges & values. The reason you want to ask questions to a financial advisor before you hire them is to make sure they are what you are looking for. You do not want to hire a financial advisor who specializes in one area if you are looking for another. You do not want to hire a financial advisor who says they are a fiduciary when they are really under the suitability standard. You need to know what that means for you and how it pertains to your situation. Disclaimer: Financial Footprints is not intended to provide personalized financial advice. The information shared on this podcast is for general educational and entertainment purposes only. While we aim to share helpful tips and insights, every individual’s financial situation is unique, and what works for one person may not be right for another. Always do your own research and consult with a qualified financial professional before making any major financial decisions. We’re here to share ideas and spark conversations—but when it comes to your money, make sure you get advice tailored to your specific circumstances.…

Financial Footprints

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Trailer: Financial Footprints Podcast 1:38

6 weeks тому1:38