Learning, Earning, and Yearning

Key Takeaways

  • You are in the learning stage of life until you go out and get a full-time job.
  • There are two parts to the earning years: earning enough money to pay your bills, and saving enough money to prepare for the yearning years.
  • If you only focus on spending your money to enjoy life during your earning years, you will not have enough money later for the yearning years and will have to delay those yearning years well in to your eighties or nineties.

All Together Now – The Wealth Portal

Key Takeaways

  • There are many apps out there that can help you track your finances separately, but it’s cumbersome and time consuming.
  • A wealth portal puts all your finances in one place, providing you with a quick summary that you can easily glance over once a week to ensure nothing is amiss.
  • Using a wealth portal puts control back in your hands to view your finances in one place, thus saving you time and energy for other important things.

Save First, Spend Second

Key Takeaways

  • If you want to build wealth successfully, you need to save first and spend second.
  • The rule of thumb when it comes to saving is to save about 15%.
  • If you spend first, you can get used to the niceties in life, and then it can be very hard to have to go backwards later on in life when you find you haven’t saved enough.

Time is Money

Key Takeaways

  • Many times, we look at the cost of something and don’t think about the implications of what that cost can do to help give us our time back.
  • You might have the opportunity to work a few more hours, do a side gig, or do something else to help earn that little bit of extra money to cover the cost of a service or item that can ultimately give you more of your personal time back.
  • Look over the things that take away from your personal time to see if there might be a better way to get more of that time back.