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Ep 013: Money Mastery: Part 2 of 2: How to to invest & create financial freedom to retire well

Today will be part 2 of the Money Mastery series, and today we are talking about how to play OFFENCE in finances in order to save, invest, become financially free and retire well.

We get into the 5 big moves that every man needs to make in order to win this fight! I also give you 5 key financial principles that I live by, and I believe every couple should follow for a life of financial peace and success.

This episode is THICK y'all. You're going to want to save this episode, or download it so that you can reference all the moves we discuss on your journey to financial freedom.

 

TIME STAMPS:

  • 00:40 - Introduction
  • 04:10 - Disclaimer
  • 4:40 - Move #1: Visualize the victory: Know how much $$$ you need
  • 11:40 - Move #2: Learn the enemy’s language: Key financial terms
    • 13:50: What are stocks?
    • 17:00: What’s the NYSE? (or a stock exchange?)
    • 18:45: What’s the S&P 500 (or a stock index?)
    • 21:30: What are Mutual Funds?
      • Active Mutual Funds
      • Passive Mutual Funds
        • ETFs
        • Index Funds
    • 33:25: RRSP (CAN) / 401K (US)
    • 36:55: TFSA (CAN) Roth IRA (US)
    • 38:35: 529 Plan (US) or RESP (CAN)
  • 42:00: Move #3: Multiply Your Troops: Leverage the power of compounding
  • 46:15: Move #4: Stick to the battle plan: Betrothe The Boring
  • 49:15: The 3 P Test: Peace, Passion, Profits
  • 52:40: Move #5: Taking New Territory: Automate it and forget it.
  • 53:14: Your Financial Four (money buckets)
    • 54:50: 10% Generosity Bucket
    • 58:15: 10% Fun Bucket
    • 59:49: 15% Long Term Bucket: Investments
    • 1:01:45: Short Term Bucket: Emergency Fund
  • 1:03:10: 5 Money Principles Everyone Should live by
  • 1:09:30: Conclusion and Summary of Money Mastery Plan

 

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