Premium Only Content

Discovering Your Bare Ass Minimum: Taking Control of Your Financial Health and Lifestyle #realestate
Dustin Serviss is a financial advisor who believes in taking a practical approach to personal finance. He emphasizes the importance of understanding one's "Bare Ass Minimum" (BAM) expenses, which are the essential costs required for a person to live. This includes necessities like food and housing payments, excluding luxury items such as expensive purses or extravagant travels. Dustin encourages individuals, regardless of their financial status, to examine their expenses and evaluate whether they align with their goals and values. To practice what he preaches, Dustin and his wife annually review their last three months' worth of visa statements to gain a clear understanding of their spending habits without judgment or accusations. Through these exercises, Dustin aims to help others make informed financial decisions and achieve financial stability.
See full episode @reimastermind
Key Points and Bullets:
Identifying Bare Ass Minimum Expenses
- Introduction to the concept of BAM (Bare Ass Minimum) expenses
- Definition of BAM expenses (basic necessities for survival)
- Differentiating between BAM expenses and discretionary expenses (fancy purses, traveling, etc.)
- Importance of examining BAM expenses for financial planning purposes
Overcoming Resistance to Examining Expenses
- Common reasons why people avoid examining their expenses
- Fear of looking at the last 3 months of expenses and bank account balance
- Encouraging individuals to confront their financial situation
- Understanding the benefits of gaining insights into spending habits
The Exercise of Print Statements Review
- Description of the exercise of printing the last 3 months' visa statements
- Annual review of visa statements in September
- Purpose of the exercise: to visually lay out and discuss spending habits
- Acknowledging that the exercise may seem nerdy but serves a purpose
Communication and Goal Alignment
- Importance of discussing spending habits with a partner/spouse
- Focusing on the objectives and values of each individual
- Avoiding blaming or pointing fingers when discussing expenses
- Assessing whether spending aligns with financial goals and personal values
-
LIVE
JuicyJohns
55 minutes ago🟢#1 REBIRTH PLAYER 10.2+ KD🟢
91 watching -
30:53
Clickbait Wasteland
15 hours ago $2.18 earnedAsking New Yorkers Who They Support For Mayor: Jackson Heights
22.4K12 -
23:05
Blackstone Griddles
15 hours agoEpisode 6 | Breakfast, Lunch, and Dinner
13.1K -
1:12:00
The Car Guy Online
14 hours ago $1.63 earnedAutomakers EXPOSED, Whistleblowers SILENCED! NextGen Engineer Speaks Out!
12.5K7 -
1:17
The Lou Holtz Show
15 hours agoThe Lou Holtz Show S2 EP16 | Hugh Freeze on Faith, Football & Restoring American Values #podcast
11.5K2 -
BEK TV
1 day agoTrent Loos in the Morning - 8/22/2025
10.3K -
LIVE
The Bubba Army
23 hours agoHogan's Death: Bubba Called it FIRST AGAIN! - Bubba the Love Sponge® Show | 8/22/25
2,039 watching -
38:40
ZeeeMedia
18 hours agoMax Pace’s Crypto Revolution Story: Four Strategies to Win | Daily Pulse Ep 93
28.5K14 -
2:16:46
"What Is Money?" Show
2 days agoBitcoin vs War, Violence, & Corruption w/ Gary Mahmoud
25.2K -
28:33
DeVory Darkins
1 day ago $9.95 earnedNewsom suffers stunning EMBARRASSMENT as MAJOR retailer makes devastating announcement
33K62