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209 The One To Listen To If You Ever Want To Have Enough Money To Retire

Published: Aug. 27, 2021, 5 a.m.

\\xa0As you know, we started this podcast to \\u201cScale up our knowledge, so we don\\u2019t scale up our systems\\u201d. Many of you requested to have another episode about finances, and I couldn\\u2019t think of a better person to have on the show than my company\\u2019s CFO, Mike Iverson.\\xa0 Mike is a CPA and owns Trillium Financial.\\xa0

I think Mike\\u2019s superpower is his ability to take a very complex subject, such as \\u2018how much money I need to retire, and he can explain that to anyone in a language that they understand. He effortlessly gives people the tools and handles they need to be able to run their personal and business finances.

The biggest gift Mike has given me over the years is the gift of clarity. He can look at spreadsheets and glean so much wisdom from the numbers, and then he teaches me what he sees. Because of his knowledge and expertise, I can make wise business moves.\\xa0

Today he is going to touch on so many topics that will help all of us scale up our knowledge, but all of them have one thing in common: finance.

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Bottom line: If you make money and want to know the best things you can do for your future with your money, Mike Iverson has the perfect financial plan for you.

Your roadside friend, as you travel from client to client.\\xa0

-Trace\\xa0

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Timestamps:\\xa0

Introducing my company\\u2019s CFO, Mike Iverson [8:23]

What is your outlook for post-pandemic? [15:01]

What do people need to know about retirement?\\xa0 [18:10]

The perfect retirement formula [28:07]

How do you save for retirement? [33:02]

The importance of a \\u201cfinancial checkup\\u201d [36:35]

Changing your thinking from \\u2018budget restrictions\\u2019 to \\u2018achieving your passions\\u2019 [40:35]

Lightning round questions [42:04]

James\\u2019 Challenge: Find and share parts per million (ppm) analogies (e.g., 1 minute in 2 years) [56:47]

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Quotes:

\\u201cAlways think: how can I set aside money for my future.\\u201d\\xa0 -Mike Iverson

\\u201cI learned that successful people didn\\u2019t need to know everything, they needed to know someone who knew more about the topics that they were facing.\\u201d - Trace Blackmore

\\u201cLife is too hard to do alone, that\\u2019s why I started The Rising Tide Mastermind, so you don\\u2019t have to suffer making mistakes doing everything yourself.\\u201d - Trace Blackmore

\\u201cWe\\u2019ve got quite the journey ahead.\\u201d -Mike Iverson

\\u201cWhen it comes to finances, it\\u2019s 80% behavior and 20% math.\\u201d -Mike Iverson

\\u201cI geek out on personal finance.\\u201d -Mike Iverson

\\u201cI encourage all my business owners to invest long-term using compound interest.\\u201d -Mike Iverson

\\u201cCompound interest: There are those who understand it, and those who pay it.\\u201d - Albert Einstein

\\u201cStay with it. Stay in it. And you will see your investments grow.\\u201d\\xa0 -Mike Iverson

\\u201cStart investing. Take some action.\\u201d \\xa0 -Mike Iverson

\\u201cThere\\u2019s no time like the present. It is never too late to start investing.\\u201d \\xa0 -Mike Iverson

\\u201cI have an insatiable desire to learn.\\u201d\\xa0 -Mike Iverson

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Connect with Mike:

Phone: 404-353-2148\\xa0