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Budget With Me! ($140k Income/ZERO Debt) Financial Optimization For FIRE


In today's "Budget With Me" exercise, we're going through "JR's" budget info.

They have a $140k income (pre-tax) and ZERO in consumer debt.

This one is unique and I'm glad I was able to go through their situation and offer some insights as to how to "tweak" a couple of their practices and ways they think about thinks. 

"Future Pacing" Exercise:

"Future Pacing" is an exercise we walk through with our students where we run some numbers on how much debt they need to pay down annually in order to reach their stated goal.


If there was debt involved, here's what it would look like with $137k in debt:

  1. 5 years to pay down the debt: $27.4/yr
  2. 4 years to pay down the debt: $34.25k/yr
  3. 3 years to pay down the debt: $45.7k/yr
  4. 2 years to pay down the debt: $68.5k/yr


This exercise is all about "breaking things down to the ridiculous" to help the visualize how much real effort is going to be required to accomplish their goals. From here, it's much easier to start pacing yourself in a way that's both aggressive while simultaneously sustainable.

These numbers can also be broken down further into monthly targets as well.


From there we can also figure out what needs to be:

1. Addressed in the budget (i.e. reduce, cut, substituted for)

2. Sold (i.e. scour the garage, attic, basement storage unit for items that can be liquidated to help put toward debt).

3. Earned (i.e. extra work projects, overtime, side-hustles, starting an online business, etc.)


Resources To Get You Started: 

The Software I Use In The Series - YNAB

I use an amazing budgeting software called "You Need A Budget" or "YNAB" in this series. It's totally not necessary for you to use that particular platform, but I will tell you that 100% of our students that have adopted it get much quicker and more accurate results by using YNAB.

I have a 34-day free trial if you want to give it a spin:



To Have Me Do Your Budget (Anonymously)

Again to submit your information for the "Budget With Me" series go to: https://www.zerodebtcoach.com/budgetwithme




Free Guides:

1. The Pre-Budgeting Step:



2. Budgeting 101:


3. 8 Steps To Erase Debt:



Struggling Or Feeling Alone?

Join Our Private FB Group: Zero Debt Tribe

Now, if this decision process is something you struggle with and you constantly feel isolated about, I’ve got some great news for you and it’s free.

Our private Facebook group, ZeroDebtTribe. It’s a group of like minded people that are all somewhere along this P2P/debt-elimination/on their way to FI continuum. So click the image above and apply to join us. :)


How can ZeroDebtCoach help you? 4 ways...


1. Subscribe to our YouTube channel and click the notifications bell to make sure you get our new videos every week. 


2. Download one of our free personal finance guides. You’ll learn some of the exact strategies I teach my private coaching students on how to organize and optimize their finances, obliterate debt and move on to financial independence by starting and growing online businesses.


3. If you’re looking for a community of motivated and like-minded people, go ahead and get on the waitlist to join our private financial coaching community. We only open it for new students a couple of times a year, so make sure to get on the waitlist.



4. If you need some help right now because you’ve got a burning issue, you need a problem solved, you want to talk through a complex situation, click on the button below.



All that said, let's keep on building your financial acumen and make this your best year yet!

Thanks so much for reading and we’ll see you in the next video post!


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