Wealth is math. That’s bad news for math phobics, but it’s great news for the rest of us because it means there are rules and science behind how wealth building works. The process isn’t random luck. In Episode 19 of the Financial Mentor podcast we’ll explore the most essential math principle to wealth building – the expected value formula – so that you know how to put it to work in your wealth plans starting today…
FM 017: Why “Follow Your Passion” Is Bad Advice with Cal Newport
You’ve heard it repeated so many times that you no longer question if it is true. What is it, you ask? It’s called “the passion hypothesis”. The premise is you should do what you love and the money will follow. If you want to succeed then you should follow your passion. The only problem is it’s wrong. In this episode I take you beyond the superficial knowledge to a deeper layer of knowledge showing you how career development connects to wealth building so you can enjoy the freedom you desire long before your assets will support it…
How To Become A Millionaire – 5 Secrets Revealed
After more than 120 interviews with self-made millionaires, the patterns for how to become a millionaire have become clear. Fortunately, these patterns are repeatable, which means that if you learn the proper habits and attitudes then it can help you reach your goal to become a millionaire too. Here are the top 5 tips…
FM 011: Automatic Wealth – How To Master Your Habits with James Clear
What is the easiest, most certain way to achieve anything? Daily habits. Any goal you want in life can be attained with a few carefully chosen habits and sufficient time. It’s really quite simple. Habits compound your daily actions into automatic wealth just like regular savings compounds daily deposits into wealth. It is the most certain and reliable way to achieve any goal when you know how to work the system. In Financial Mentor podcast episode #11, James Clear and I will show you how…
FM 006: The Habit of Wealth With Scott H. Young
Habits are the easiest, most secure way to achieve any goal – including wealth. Whether you want to learn how to invest smarter, grow your net worth, lose weight, or get in great shape – habits are the key. The right habits literally pull you toward the goal. In this podcast we reveal all the tricks and tips you must know to change your habits and proactively design your life to achieve any outcome you desire – including wealth…
FM 005: How To Budget Your Way To Wealth with Jesse Mecham
Your budget is the foundation of your wealth plan. In fact, it is so important it’s the cornerstone. Unfortunately, most people don’t understand budgeting and falsely believe it is about sacrifice and discipline. Nothing could be further from the truth. In this fifth episode of the FinancialMentor podcast Jesse Mecham explains why budgeting is the cornerstone of your wealth plan and how you can make it work for you. Surprisingly, it is probably not what you think…
What Big Wall Rock Climbing Can Teach Us About Wealth Building
The principles of wealth building and smart investing are universal and apply to all aspects of life. These essential truths are about much more than just money because they leaves clues on every stage of life we play. In this article Darrow Kirkpatrick explores essential lessons learned about wealth building while climbing El Capitan in Yosemite Valley. Enjoy!
Faster, Better Results Now: How Accountability Helps You Build Wealth
The human mind has a character flaw that can destroy your financial progress if you don’t control it with discipline. We are attracted to shiny, bright solutions that appear cutting-edge over perfectly suitable, proven alternatives that are boring but well within our grasp. Here’s one boring tool that just plain works. The question is, “Do you want the result or don’t you?”…
The Great Passive Income Hoax
Business passive income is a lie. It is one of those myths that has been perpetuated for so long by so many so-called experts that we no longer question it’s validity… even though we should. The problem is if you aren’t clear on the issues involved it can wreak havoc with your wealth plan…
The Little-Known Factor That Determines Your Wealth
The secret to building wealth is there are no secrets. Earn more than you spend and invest the difference wisely. The problem isn’t knowing what to do: the problem is getting it done. I’ve been coaching people for more than a decade and have reduced the “getting it done” part down to 8 clear, actionable steps as follows…
