<description>&lt;p&gt;&lt;span style="color: rgb(0, 0, 0);"&gt;From Paycheck to Paycheck to Property Portfolio: A Budget Coach's Secrets&lt;/span&gt;&lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;Let’s face it, real estate investing is a rollercoaster. One minute you're riding high on a successful flip, the next you're grappling with a leaky roof (and a two-year-old who mysteriously clogged the sink, resulting in a ceiling renovation). But amidst the excitement and occasional plumbing nightmares, there's one constant that can make or break your success: your budget. This week, we had Zach Wechel, founder of MyBudgetCoach.com, on the show, and he shared some seriously savvy strategies. Forget the mental math and guesswork; Zach advocates for &lt;em style="color: inherit;"&gt;zero-based budgeting&lt;/em&gt;, a game-changer for anyone aiming to build wealth, whether it's in real estate or beyond.&lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;Zach's journey started unexpectedly—two kids and a pandemic created an urgent need for a budget. What followed was not only a transformed family life but a passion project that's helping countless others gain control of their finances. He emphasizes that budgeting isn't just about restricting spending; it's about &lt;em style="color: inherit;"&gt;intentionally allocating every dollar&lt;/em&gt;. Think of it as assigning each dollar a job before it even leaves your account. No more mysterious disappearances into the void of "miscellaneous spending"!&lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;&lt;span style="color: inherit;"&gt;Key Takeaways from Zach's Budget Wisdom:&lt;/span&gt;&lt;/p&gt;&lt;ul&gt;&lt;li&gt;&lt;span style="color: inherit;"&gt;Zero-Based Budgeting:&lt;/span&gt; The cornerstone of Zach’s approach, this method allocates every dollar to a specific category before spending. It's like assigning a job description to each dollar, preventing random spending sprees. This is particularly important for real estate investors who often deal with irregular income streams and unexpected expenses. &lt;/li&gt;&lt;li&gt;&lt;span style="color: inherit;"&gt;The "Living Document" Budget:&lt;/span&gt; Zach stresses that a budget isn't a static document. It's a living, breathing entity that adapts to changing circumstances (like an unexpected water leak in your new investment property). Regularly review and adjust your budget as your life and priorities evolve.&lt;/li&gt;&lt;li&gt;&lt;span style="color: inherit;"&gt;The Power of Planning:&lt;/span&gt; A budget isn't just about tracking spending; it's about planning for the future. Zach advocates for creating "buckets" for specific goals, like a down payment fund for your next investment property or even Christmas gifts (because let's face it, inflation hits even Santa’s sleigh).&lt;/li&gt;&lt;li&gt;&lt;span style="color: inherit;"&gt;Embrace the "Buckets":&lt;/span&gt; This is not a financial advice, but a life hack. Having specific buckets for goals like that next investment property, holiday spending, or even those inevitable emergency repairs can keep you on track, reducing stress and helping you stay ahead of the curve.&lt;/li&gt;&lt;li&gt;&lt;span style="color: inherit;"&gt;The Accountability Partner (a Coach):&lt;/span&gt; Zach’s platform, MyBudgetCoach, offers more than just an app. It provides access to certified financial coaches who can guide you, provide support, and ensure you stay accountable to your goals. Sometimes, having someone else to hold you accountable makes all the difference.&lt;/li&gt;&lt;/ul&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://snip.ly/MyBudgetCoach" rel="noopener noreferrer" target="_blank"&gt;&lt;strong&gt;Get Signed Up For MyBudgetCoach.com HERE!&lt;/strong&gt;&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://youtube.com/live/I8zx1XBs9Qk" rel="noopener noreferrer" target="_blank"&gt;Watch the original VIDEO HERE!&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="http://talkwithscottcarson.com" rel="noopener noreferrer" target="_blank"&gt;Book a call with SCOTT HERE!&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;&lt;strong&gt;Love the show?&lt;/strong&gt;&amp;nbsp;Subscribe, rate, review, and share!&lt;/p&gt;&lt;ul&gt;&lt;li&gt;&lt;a href="https://weclosenotes.com/how-to-subscribe-rate-our-podcast-5-stars-on-itunes/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);"&gt;Here’s How »&lt;/a&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;&lt;strong&gt;Join the Note Closers Show community today:&lt;/strong&gt;&lt;/p&gt;&lt;ul&gt;&lt;li&gt;&lt;a href="https://weclosenotes.com/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);"&gt;WeCloseNotes.com&lt;/a&gt;&lt;/li&gt;&lt;li&gt;&lt;a href="https://www.facebook.com/noteshowpodcast/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);"&gt;The Note Closers Show Facebook&lt;/a&gt;&lt;/li&gt;&lt;li&gt;&lt;a href="https://twitter.com/noteshowpodcast" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);"&gt;The Note Closers Show Twitter&lt;/a&gt;&lt;/li&gt;&lt;li&gt;&lt;a href="https://www.linkedin.com/in/1scottcarson/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);"&gt;Scott Carson LinkedIn&lt;/a&gt;&lt;/li&gt;&lt;li&gt;&lt;a href="https://www.youtube.com/watch?v=NkDyqDB6fD4&amp;amp;list=PLRHv04Q15a0Ds_6lseLx3Pb4-Li1gLmDB" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);"&gt;The Note Closers Show YouTube&lt;/a&gt;&lt;/li&gt;&lt;li&gt;&lt;a href="https://vimeo.com/weclosenotes" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);"&gt;The Note Closers Show Vimeo&lt;/a&gt;&lt;/li&gt;&lt;li&gt;&lt;a href="https://www.instagram.com/noteclosers/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);"&gt;The Note Closers Show Instagram&lt;/a&gt;&lt;/li&gt;&lt;li&gt;&lt;a href="https://www.pinterest.com/1weclosenotes/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);"&gt;We Close Notes Pinterest&lt;/a&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;</description>

The Note Closers Show Podcast

Scott Carson

Unlock Financial Freedom: Zero-Based Budgeting with Zach Whelchel

DEC 19, 202449 MIN
The Note Closers Show Podcast

Unlock Financial Freedom: Zero-Based Budgeting with Zach Whelchel

DEC 19, 202449 MIN

Description

<p><span style="color: rgb(0, 0, 0);">From Paycheck to Paycheck to Property Portfolio: A Budget Coach's Secrets</span></p><p><br></p><p>Let’s face it, real estate investing is a rollercoaster. One minute you're riding high on a successful flip, the next you're grappling with a leaky roof (and a two-year-old who mysteriously clogged the sink, resulting in a ceiling renovation). But amidst the excitement and occasional plumbing nightmares, there's one constant that can make or break your success: your budget. This week, we had Zach Wechel, founder of MyBudgetCoach.com, on the show, and he shared some seriously savvy strategies. Forget the mental math and guesswork; Zach advocates for <em style="color: inherit;">zero-based budgeting</em>, a game-changer for anyone aiming to build wealth, whether it's in real estate or beyond.</p><p><br></p><p>Zach's journey started unexpectedly—two kids and a pandemic created an urgent need for a budget. What followed was not only a transformed family life but a passion project that's helping countless others gain control of their finances. He emphasizes that budgeting isn't just about restricting spending; it's about <em style="color: inherit;">intentionally allocating every dollar</em>. Think of it as assigning each dollar a job before it even leaves your account. No more mysterious disappearances into the void of "miscellaneous spending"!</p><p><br></p><p><span style="color: inherit;">Key Takeaways from Zach's Budget Wisdom:</span></p><ul><li><span style="color: inherit;">Zero-Based Budgeting:</span> The cornerstone of Zach’s approach, this method allocates every dollar to a specific category before spending. It's like assigning a job description to each dollar, preventing random spending sprees. This is particularly important for real estate investors who often deal with irregular income streams and unexpected expenses. </li><li><span style="color: inherit;">The "Living Document" Budget:</span> Zach stresses that a budget isn't a static document. It's a living, breathing entity that adapts to changing circumstances (like an unexpected water leak in your new investment property). Regularly review and adjust your budget as your life and priorities evolve.</li><li><span style="color: inherit;">The Power of Planning:</span> A budget isn't just about tracking spending; it's about planning for the future. Zach advocates for creating "buckets" for specific goals, like a down payment fund for your next investment property or even Christmas gifts (because let's face it, inflation hits even Santa’s sleigh).</li><li><span style="color: inherit;">Embrace the "Buckets":</span> This is not a financial advice, but a life hack. Having specific buckets for goals like that next investment property, holiday spending, or even those inevitable emergency repairs can keep you on track, reducing stress and helping you stay ahead of the curve.</li><li><span style="color: inherit;">The Accountability Partner (a Coach):</span> Zach’s platform, MyBudgetCoach, offers more than just an app. It provides access to certified financial coaches who can guide you, provide support, and ensure you stay accountable to your goals. Sometimes, having someone else to hold you accountable makes all the difference.</li></ul><p><br></p><p><a href="https://snip.ly/MyBudgetCoach" rel="noopener noreferrer" target="_blank"><strong>Get Signed Up For MyBudgetCoach.com HERE!</strong></a></p><p><br></p><p><a href="https://youtube.com/live/I8zx1XBs9Qk" rel="noopener noreferrer" target="_blank">Watch the original VIDEO HERE!</a></p><p><br></p><p><a href="http://talkwithscottcarson.com" rel="noopener noreferrer" target="_blank">Book a call with SCOTT HERE!</a></p><p><br></p><p><strong>Love the show?</strong>&nbsp;Subscribe, rate, review, and share!</p><ul><li><a href="https://weclosenotes.com/how-to-subscribe-rate-our-podcast-5-stars-on-itunes/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">Here’s How »</a></li></ul><p><br></p><p><strong>Join the Note Closers Show community today:</strong></p><ul><li><a href="https://weclosenotes.com/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">WeCloseNotes.com</a></li><li><a href="https://www.facebook.com/noteshowpodcast/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">The Note Closers Show Facebook</a></li><li><a href="https://twitter.com/noteshowpodcast" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">The Note Closers Show Twitter</a></li><li><a href="https://www.linkedin.com/in/1scottcarson/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">Scott Carson LinkedIn</a></li><li><a href="https://www.youtube.com/watch?v=NkDyqDB6fD4&amp;list=PLRHv04Q15a0Ds_6lseLx3Pb4-Li1gLmDB" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">The Note Closers Show YouTube</a></li><li><a href="https://vimeo.com/weclosenotes" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">The Note Closers Show Vimeo</a></li><li><a href="https://www.instagram.com/noteclosers/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">The Note Closers Show Instagram</a></li><li><a href="https://www.pinterest.com/1weclosenotes/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">We Close Notes Pinterest</a></li></ul><p><br></p>