Work with knowledgeable professionals (financial pillar #7)

Check out the complete list of Financial Pillars Here   Although I don’t typically struggle with self-confidence, I’ll readily admit to the following facts: I am not a licensed investment banker, insurance salesman, accountant, loan officer, doctor, lawyer, or personal trainer. I would probably argue that I could do a portion of some of the jobs above, but if you had any sense about you that argument wouldn’t last too long. And while there are many things I’m pretty good at, I wouldn’t consider myself an expert in more than a couple of fields.   Why, then, would I assume that I am the best person to handle those jobs for my family – all on my own? I can’t possibly know enough about the case law, current accounting practices, most worthwhile insurances, and hottest investment funds that would put our family in the best position possible to succeed. Taking it […]

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Learn to live below your means (financial pillar #5)

Check out the complete list of Financial Pillars Here   Learning to live below your means is not simply making a budget and sticking to it   Living below your means is a change in mindset. It’s practicing financial discipline – it’s an ethos. A foundation that will provide you freedom in the rest of your life. Freedom to choose, to vacation, to live the life you desire. But more than that, the practice of living below your means will show you that happiness doesn’t come with material possessions. Happiness and fulfillment come in the journey. And it’s this journey of being financially disciplined that will allow all of our following financial pillars to exist.   You want the nuts and bolts? Find out what your fixed expenses are, what your income is, and then save more than you spend. Many articles will try to dress these points up and […]

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