PODCAST EPISODE 191: Where We Actually Have the Most Control, But Think We Have the Least
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!
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
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MUSIC CREDITS
Contains a sample of “King” by Zayde Wølf courtesy of Lyric House.
PRODUCTION CREDITS
Podcast production and show notes by Greater North Productions LLP
Recorded using Switcher Studio: [email protected]
