Glen James · WWGD with Glen James · young, living remote and on $240k, is this the life?
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recommend transferring $640 per week to a separate offset account to capture surplus cash
640 per week
“Sell the investment, transferred the funds to your bank account, drove to the bank, withdrew the actual cash itself, and then spent the cash with real dollars”
“Open a separate savings account, name it after your college or your exam, and set up an automatic transfer every payday that roughly matches what you'll need across the year”
“Offset account… loan limit minus what you've got in your offset account… $500,000 loan, $100,000 in savings… charged interest on $400,000”
“I'm going to put $480 in the horse account automatically every week. And then the car, I'm going to put, so it's $10,000 divided by 52, $192, $192 every week in a separate car account.”
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