Part 5/8:
A key part of the session focused on the importance of tracking spending and earnings. The instructor encouraged students to start measuring their expenses and income using spreadsheets, similar to how athletes track their progress or gamers count trophies. This habit helps build awareness of spending habits and motivates students to write a plan for saving and investing.
He shared his recent personal financial overview—monthly expenses on rent, insurance, groceries, and vehicle maintenance—highlighting how these numbers trend over time. By visualizing costs, students can identify areas to cut back, ultimately increasing the amount of money they can invest.