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We’re back with another episode of the Brown Vegan Podcast Money Series!
With the Money Series, I’ll be bringing in guest experts to focus on all things finances because, as you’ve heard me say, you can’t have wellness without financial wellness.
Today I’m joined by Phillip Dancy of Dancy with Money to talk about SO many valuable financial topics to help you get on track with not just saving your money but growing your money and wealth too.
Philip Dancy joined one of the top investment banking firms upon graduating from Hampton University in 2017. After starting his career in New York City and getting his first check, he understood that this “adulting” life wasn’t going to be simple. However, the one thing he knew he had to do was create a budget for himself.
Through several conversations, Philip understood that there was a disconnect between individuals and saving for the future. The disconnect occurred because people were not able to visualize their financial future given their current circumstance (i.e. credit card debt, student loans, living their best life and FOMO). As a result, Dancy With Money was created to help others on their journey to financial freedom. So far, Philip has:
Coached clients in nine different states including North Carolina, Connecticut and New York rendering a combined client savings of $60,000 and consumer debt payoff of approximately $50,000,
Delivered 20+ blog posts ranging from budgeting, strategically using credit cards, and financial journey spotlights on various individuals,
Been featured on the Optimal Finance Daily podcast
Philip’s main goal is to help young professionals (but ultimately everyone) establish a strong financial foundation through one-on-one coaching and providing articles on various financial topics all while helping them turn steps into strides.
Phillip’s financial mindset really began in college after moving off campus and having to pay for rent and school tuition. He quickly realized that by wisely budgeting and paying himself first, he could pay for his needs without having to struggle through school and work at the same time. He ended up saving enough money from his 3 month internship to pay off an entire year of school due to his saving strategies.
In this episode, you’re going to find so much value hearing Phillip talk about:
The importance of understanding your WHY to save money before coming up with a budget (this idea may sound familiar if you listened to this episode)
The 50-30-20 savings strategy vs the zero-based budgeting strategy and finding what works for you
How often to have money check ins personally and in your relationship
What are sinking funds and how to strategically use them
Credit cards and how to safely get the most out of them
Why you have to switch your money mindset from saving to growing
Phillip’s 3 step approach to setting financial goals and how to start implementing them
How Phillip is going to achieve early retirement before 40
How are you liking the Money Series? Let me know and feel free to suggest what other financial topics you’d like to learn more about!
