Personal Finance 101
In this episode of the Thoughts on Money podcast, host Trevor Cummings and co-host Blaine Carver dive into the basics of personal finance
In this episode of the Thoughts on Money podcast, host Trevor Cummings and co-host Blaine Carver dive into the basics of personal finance
This week's blogpost - https://bahnsen.co/3YzxRos
Personal Finance 101: Building a Strong Financial Framework
In 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.
00:00 Welcome to the Thoughts on Money Podcast
00:23 Back to Basics: Simplifying Personal Finance
01:58 Navigating Financial Conversations with Clients
03:15 Book Recommendations for Financial Literacy
04:50 The Importance of Giving in Personal Finance
10:13 Saving Strategies: Pay Yourself First
13:59 The Debate on Budgeting
17:23 Assigning Homework for Financial Awareness
18:08 Tracking Expenses for Long-Term Success
18:37 Freedom Within a Financial Framework
19:46 Mentoring and Practical Financial Exercises
20:55 Addressing Major Expenses First
21:56 The Importance of Financial Handoffs
23:36 Passing Down Wealth and Values
26:07 Balancing Enjoyment and Financial Prudence
32:35 Teaching Financial Principles to the Next Generation
34:09 Final Thoughts and Simple Financial Frameworks
Links mentioned in this episode:
Trevor is a Partner, Director of our Private Wealth Advisor Group, and Author of Thoughts on Money.
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