Have a Path and a Plan

Key Takeaways

  • When you have to make a financial decision that could have a long term effect on your financial future, you want to have a path and plan in place.
  • Some of the big decisions you want to be clear about are taking on student debt, buying a house, a car, or any other expensive item, and looking at tax deductible and tax deferred options.
  • Seeking counsel on putting a path and plan together from successful individuals and professionals versus asking your peers or going it alone, will ensure you make sound financial decisions.

Simplify Your Life the 4D Way

Key Takeaways

  • There are a lot of things in our lives that cause us to get distracted, to be unproductive, and to get frustrated and overwhelmed.
  • Using the 4Ds – Do it, Delay it, Delegate it, and Destroy it – is a very helpful way to reduce the extra noise and work in our lives.
  • Taking the time to identify our frustrations and distractions and then categorizing and organizing them can help us reorganize our lives and feel a lot better.

The Emotional Decision Dilemma

Key Takeaways

  • If you are angry or emotional about something, you usually end up making bad emotional decisions, especially when it comes to money.
  • You need to come up with a pre-set technique such as counting to ten or taking big breaths to disrupt your emotions and bring you back to reality to make a good decision.
  • Having a technique to disrupt your emotions helps immensely when it comes to making financial decisions as it can keep you from making costly decisions and keeps you on track to grow your wealth successfully.

Stop Chasing to Start Earning

Key Takeaways

  • If you chase after money, you won’t get it. You need to refocus to attract money.
  • Look at ways you can add value to the world in order to attract money.
  • Money will not come to you all at once; it takes time and a change in the way you think and operate.