1. Need to identify the monthly cost of your lifestyle. Housing, bills, credit card interest payments, loans (auto/boat/RV/peloton/etc), insurance, kid activiti

1. Need to identify the monthly cost of your lifestyle. Housing, bills, credit card interest payments, loans (auto/boat/RV/peloton/etc), insurance, kid activities, food, etc. In other words, how much money does it take each month to run my family (or if no family, just yourself). 2. Each month you must put some amount of your earnings in to an account for savings. While the savings account grows over time the balance will eventually become multiples of the value from #1. For each multiple you have from #2, you are then resilient for a single month. And now breaking the paycheck-to-paycheck cycle. I'm sure someone will disagree or offer different advice but this is how I see it. Another person might suggest to aggressively pay off your home or have zero debt. All are of which are noble goals.