Jake Murphy, FSCP - Financial Planner

Friday afternoon, I had every intention of staying home and doing absolutely nothing.

Then one of my clients texted me.

He had two floor tickets to Shane Gillis that he couldn't use because he was working and asked if my fiancée and I wanted them.

Needless to say, our Friday night plans changed pretty quickly. The show was awesome. The fact that he thought of us was the coolest part though.

We met through LinkedIn a couple months ago. Since then, we've spent a few hours working through how to make the most of a 30% pay raise and whether to put extra towards student loans or investing.

It's easy to think financial planning is just spreadsheets, tax projections, and investment accounts.

Those things matter.

But then every once in a while, you get a random text asking if you wa

Ed Sheeran is worth somewhere around $350,000,000.

For years, he reportedly gave himself an allowance of about $1,000 a month.

He said if all of his money sat in one account, he'd eventually spend it.

You don't have to be as extreme as this.

But money sitting in your checking account has a way of becoming spending money.

The couples I see making the most financial progress usually never see their entire paycheck.

By the time payday arrives, $2,000 already has a destination. Another $1,000 already has a clear purpose towards what matters to them.

Checking only receives what's actually available to spend.

Everyone else starts with the full paycheck and hopes something survives until the end of the month.

Ed Sheeran built a system that made the right decision automatic.