Financial Education is Your Road to Financial Salvation with John MacGregor #5338
Summary: Lack of financial education creates some of the most pressing problems that people face in their lives. I sit down with bestselling author and financial expert John MacGregor to discuss how to tackle this, and what you can do to get on the right track. When it comes to finances, it can be helpful to learn from the mistakes of others and look for advice on how to avoid financial mistakes. Tune in to hear more on the philosophy behind better financial decision making and to learn how you can change your mindset and practices. Highlights: -Lack of financial education is causing a lot of problems amongst individuals -The percentage of people living paycheck to paycheck has gone up significantly -Many people know what to do with their money but don\u2019t do it\u2014it\u2019s more of a behavioral problem -Learning from people\u2019s mistakes is genius\u2014it\u2019s important to learn why people suffer financially and how to avoid this -There are many underlying beliefs that make us form bad spending habits, and it causes people to get stuck in a bad cycle -Other aspects of your life improve as well when you improve your financial habits and mindset -\u201cAbove the line, below the line\u201d is a mentality that helps -Many people think that there is a quick fix to your financial problems\u2014or hope in a box -Small things you do on a daily basis can transcend your entire life -Be, do, and have\u2014it\u2019s important to do all of these things -For many people, it\u2019s not enough of a priority to make the changes they need to make until it\u2019s too late -It\u2019s important to understand what drives people to make specific financial decisions, and what their beliefs are -There\u2019s a direct correlation between financial disorganization and financial destruction -Hope is not a retirement strategy\u2014it\u2019s important to start thinking and planning now for your future Useful Links: Financial Survival Network John MacGregor Bullish on Gold? Why Not Own the Gold Mine? \u2013 Robert Kiyosaki, Peter Schiff, John MacGregor Wall Street is Gambling with Your 401(k) \u2013 Robert Kiyosaki, Ted Siedle, and John MacGregor