Personal Finance 101
This week's blogpost - https://bahnsen.co/3YzxRos
\nPersonal Finance 101: Building a Strong Financial Framework
\nIn this episode of the Thoughts on Money podcast, host Trevor Cummings and co-host Blaine Carver dive into the basics of personal finance. The discussion centers around simplifying financial concepts and creating a solid framework for managing money, covering topics such as giving, saving, spending, and planning for the future. Trevor shares practical advice, anecdotes, and book recommendations to help listeners navigate their financial journeys. The episode emphasizes the importance of awareness, setting achievable goals, and considering long-term legacy planning.
\n00:00 Welcome to the Thoughts on Money Podcast
\n00:23 Back to Basics: Simplifying Personal Finance
\n01:58 Navigating Financial Conversations with Clients
\n03:15 Book Recommendations for Financial Literacy
\n04:50 The Importance of Giving in Personal Finance
\n10:13 Saving Strategies: Pay Yourself First
\n13:59 The Debate on Budgeting
\n17:23 Assigning Homework for Financial Awareness
\n18:08 Tracking Expenses for Long-Term Success
\n18:37 Freedom Within a Financial Framework
\n19:46 Mentoring and Practical Financial Exercises
\n20:55 Addressing Major Expenses First
\n21:56 The Importance of Financial Handoffs
\n23:36 Passing Down Wealth and Values
\n26:07 Balancing Enjoyment and Financial Prudence
\n32:35 Teaching Financial Principles to the Next Generation
\n34:09 Final Thoughts and Simple Financial Frameworks
\nLinks mentioned in this episode:
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