PODCAST: June 14, 2025 – From Zero to $100K: A Getting-Started Financial Game Plan
June 14, 2025 Full Episode - From Zero to $100K: A Getting-Started Financial Game Plan
The June 14, 2025 episode of The Roy Matlock, Jr. Money and Business Hour is focused on the “getting started” stage of financial planning—particularly for young adults, recent graduates, and anyone with less than $100,000 in savings.
Roy provides an energetic and actionable roadmap for those looking to build their financial foundation. From income growth and budgeting to proper insurance coverage and strategic investing, the episode emphasizes starting early, automating finances, and working toward a “do-nothing money” milestone of $100K in investments.
Here’s how you can break it down:
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Start Early: Delaying saving—even by a few years—can cost you hundreds of thousands in missed compound growth. Time is your greatest asset.
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Income First: Focus on increasing your income through skill development, career advancement, or entrepreneurship. Find something you enjoy and become great at it.
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Automate Your Plan: Automate savings, investments, and bill payments to create an “automatic outcome” that removes procrastination and increases consistency.
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The $100K Goal: A key milestone is saving $100,000. Roy outlines how to reach this in 5 or 10 years through systematic savings (e.g., $1,392/month for 5 years at 9%).
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Budgeting Smartly: Budgets are proactive tools, not just accounting tools. Use draft and slush accounts, weekly cash flow management, and sinking funds to stay on track.
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Defense Matters: Protect your income and assets with proper insurance—health, renters/homeowners, liability, and term life (with living benefits).
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Good vs. Bad Debt: Bad debt funds depreciating items or unaffordable expenses; good debt supports appreciating assets like a home or income-generating equipment.
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Invest Like an Owner: Be an owner, not a loaner—owning stocks or mutual funds puts you on the side of growth rather than just earning interest.
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Use Professionals: Professional fund managers can outperform amateur investors through research and strategy—use them when investing in mutual funds.
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Referral Opportunity: Ambitious listeners are invited to explore Roy’s referral partner program to earn income while helping others get financially educated.
