Wealth Decisions Podcast - Intro Episode
Wealth Decisions Podcast Transcript for Intro Episode
I'm a father, singer, songwriter, pickleball player, I enjoy playing golf as well, and I love to travel.
And one of the things that I wanna really get across in this podcast is there's so many important wealth decisions that you're gonna make throughout your life.
And I made a lot of mistakes early in my life and hope to give you all an idea on how to make better wealth decisions throughout your life.
I believe there's three things that you can have.
Financial security, financial independence, or financial freedom.
It might all sound the same, but they're very different.
Financial security will give you kind of just that.
You'll feel secure in your finances.
You'll be able to maybe do some of the things you wanna do.
But when it comes down to financial independence or financial freedom, that's where you will have more choice to do some of the things that you wanna do.
And each one of those is a noble goal.
And each one of those is something that anyone can achieve.
When you shift your mindset to knowing something is possible, to knowing it is possible for you, that's when things can change.
I'm also a certified health and life coach, and I believe in self-development, I believe in mindset, and how important that is for achieving all the things you wanna achieve in your life.
So if you wanna achieve financial security, put away 10% in your 401Ks and taxable savings accounts.
If you wanna achieve financial independence, you're gonna have to put away at least 15% to 20%, depending on your age.
And if you wanna achieve financial freedom, you need to put away 30% or more.
I have a friend that retired pretty early in life, and he used to play a game.
He would look at whatever he paid in federal income taxes from the previous year, and his goal was to save that amount the next year in his 401K and taxable accounts.
His whole idea was, why should the government be a bigger beneficiary to my success than me?
So to achieve financial freedom requires a ton of discipline.
It requires living within your means.
It requires paying yourself first and spending what's left.
The first 10 episodes, we're going to be focusing on the top 10 wealth decisions to live a richer life and to have more abundance in your life and do all the things that you've always dreamed of doing.
Some of these lessons were hard lessons that I learned early on in my investing career.
And some of them are just tried and true financial decisions that can impact your wealth long into the future.
So I hope you'll subscribe to the channel.
I hope you'll share it with a friend, and look forward to digging into some of the top wealth decisions to help you live a richer life.
Listen to this episode on Apple Podcasts or Spotify
Listen to this episode on Apple Podcasts or Spotify
-Brian D. Muller, AAMS® Founder, Wealth Advisor
Momentous Wealth Advisors in a fee-only fiduciary advisory firm
Disclaimer: This material is for informational purposes only and should not be construed as investment advice. Past performance is not indicative of future results. Investors should make investment decisions based on their unique investment objectives and financial situation. While the information is believed to be accurate, it is not guaranteed and is subject to change without notice.
Investors should understand the risks involved in owning investments, including interest rate risk, credit risk and market risk. The value of investments fluctuates and investors can lose some or all of their principal.
Always consult with a qualified financial professional before making any investment decisions.