January 11, 2025 - Full Episode - "Back to the Basics"

Roy emphasized the importance of a financial GPS: setting clear Goals, creating a Plan, and following a Schedule to achieve long-term financial success.

Key defense strategies included creating a budget to generate a savings gap, establishing a 3–6 month emergency fund, and managing debt by eliminating high-interest "bad debt" tied to depreciating assets. Roy advised securing appropriate insurance (life, health, and liability) and optimizing mortgage choices to reduce costs.

For offense, Roy recommended automating savings of at least 10% of gross income, diversifying investments across stocks, bonds, ETFs, and annuities, and leveraging compound interest. He highlighted the importance of education and advice to avoid financial pitfalls and ensure steady progress.

Roy encouraged listeners to automate their financial independence through consistent savings and investments while regularly reviewing their plans. He also advised minimizing taxes by using retirement accounts effectively.