EPISODE SUMMARY
The very things that make us look wealthy erode our capacity to build wealth. Do you know how much of your income is deployed into tools for your future compared to what you or your household consumes? This is a sensitive topic for most people, simply because our lifestyles suggest we should always be spending. Paul and Cory tackle this sensitive topic with grace and applicable tools so that you can make healthy decisions with your money for, yourself, your family, and your future.
WHAT WAS COVERED
- 00:00 – Episode starts.
- 00:30 – Paul Welcomes
- 02:05 – Question of the day.
- 04:00 – The realization of finding control in your spending.
- 06:42 – The way most people relate to having a spending plan.
- 09:00 – Using spending to reach financial independence.
- 14:25 – What is lifestyle addiction?
- 18:22 – How your spending affects your retirement planning.
- 19:14 – The shockingly simple math of early retirement.
- 24:40 – What does your household look like in the future?
- 32:00 – How to make the right choices with your money.
- 34:55 – Episode wrap up and review.
- 37:48 – Show ends, thank you for listening.
TWEETABLES
[Tweet “Were talking about the area of your life that you probably feel like you have the least control of, but it is objectively that you have more control of over any other area of your life… were talking about spending #YourBusinessYourWealth”]
[Tweet “Don’t feel the societal pressure to spend 80-90% of your income #YourBusinessYourWealth”]
[Tweet “The very things that make you look wealthy go against your capacity to build wealth. #YourBusinessYourWealth”]
LINKS
Access to our Covid Related Roth Conversion Strategy
Curious what you can accomplish with our help? Schedule a free 15-minute meeting with us! sfgwa.com/scheduling
Sound Financial Group’s Website for a Financial Inquiry Call – [email protected] (Inquiry in the subject)
Your Business Your Wealth on Instagram
Your Business Your Wealth on Facebook
Sound Financial Group on LinkedIn
Cape Not Required (Cory’s Book)
Sound Financial Advice (Paul’s Book)
Clockwork: Design Your Business to Run Itself
Loserthink: How Untrained Brains Are Ruining America
SHARE THE SHOW
Did you enjoy the show? We would love it if you subscribed today and left us a 5-star review!
Click this link – Your Business Your Wealth
Click on the ‘Subscribe’ button below the artwork
Go to the ‘Ratings and Reviews’ section
Click on ‘Write a Review’
MUSIC CREDITS
Contains a sample of “King” by Zayde Wølf courtesy of Lyric House.
——————————————————————————————————————————- Transcribed by https://otter.ai This Material is Intended for General Public Use. By providing this material, we are not undertaking to provide investment advice for any specific individual or situation, or to otherwise act in a fiduciary capacity. Please contact one of our financial professionals for guidance and information specific to your individual situation. Sound Financial Inc. dba Sound Financial Group is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance. Insurance products and services are offered and sold through Sound Financial Inc. dba Sound Financial Group and individually licensed and appointed agents in all appropriate jurisdictions. This podcast is meant for general informational purposes and is not to be construed as tax, legal, or investment advice. You should consult a financial professional regarding your individual situation. Guest speakers are not affiliated with Sound Financial Inc. dba Sound Financial Group unless otherwise stated, and their opinions are their own. Opinions, estimates, forecasts, and statements of financial market trends are based on current market conditions and are subject to change without notice. Past performance is not a guarantee of future results. Each week, the Your Business Your Wealth podcast helps you Design and Build a Good Life™. No one has a Good Life by default, only by design. Visit us here for more details: yourbusinessyourwealth.com © 2020 Sound Financial Inc. yourbusinessyourwealth.com ——————————————————————————————————————————— Full Episode Transcription
PRODUCTION CREDITS
Podcast production and show notes by Greater North Productions LLP
Recorded using Switcher Studio: [email protected]