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TT 86 - Building Wealth How to Grow Money

Building Wealth: How to Grow Money

Today we’re going to talk about not just saving money, but building wealth. It’s easy to get caught up in daily life and neglect strategizing for the future, but if we don’t start actively building wealth now, we will be in trouble later in life. Here are five tips that will give you a solid foundation to build on.

Check out these 5 tips to start growing your money right now! #money #finance #men #fathers #dads Click To Tweet
  1. Automate retirement savings – We are 82% more likely to save for retirement if it’s automated. 10-20% of your pay needs to go into your retirement.
  2. Take advantage of company matching – If you can’t afford to put in your 401K the 10-20%, at least put in whatever your company matches. Don’t pass up free money from your job!
  3. Think outside your 9 to 5 -You don’t want to rely on your current job for 100% of your revenue. Get some side hustles going. Diversify.
  4. Pay yourself first – Take care of your primary needs before paying for extras.
  5. Invest in YOU! – We spend money on all kinds of stuff, but rarely splurge on something that will improve ourselves. Don’t scrimp when it comes to a personal development book, online course, or coaching. Most of important of all, don’t feel guilty for time and money spent on yourself.

Reminder: We are changing the name of the podcast to the Dad Edge Podcast. There will be no change in the content, podcast subscriptions, or the website. You’ll just see the new show name and logo for 2018. Let us know what you think of it!

 

 

We appreciate all the support!

If you’re enjoying the show, we encourage you to leave an itunes review.

RELATED EPISODES:

Quick Wins for Big Money with Scott Alan Turner

The Power of a Side Hustle with Matt Miller


Resources

==>NEW!!<== Grab a copy of The Dad’s Edge AUDIOBOOK on iTunes or Audible

GRAB A COPY OF THE DAD’S EDGE HERE

Join our Dad Edge Group on Facebook Request Entry Here

We have new Dad Edge T-Shirts!  Grab one HERE

Download a free chapter from: THE DAD’S EDGE on UNLIMITED PATIENCE HERE

Check out this free resource on: CONNECTION WITH YOUR SPOUSE

Download this free resource on:  CONNECTION WITH YOUR KIDS

 

Links


Create an Epic Life

join The Dad Edge Alliance

CLICK HERE!

Dad Edge Alliance

quick wins for big money

Quick Wins for Big Money with Scott Alan Turner


When it comes to investing and saving money, we often overcomplicate things. We don’t have to make it so hard on ourselves. Financial rock star Scott Alan Turner is on the show to give us some quick and easy ways to save on monthly expenses that will add up to big money in the long run.

He also shares some amazing tips and resources – from increasing your earning power, to hiring companies to negotiate lower rates on certain bills. Take action now, get out of debt, and watch the money pile up!

Being in debt is not the American Dream with @scottalanturner #finance #money #debtfree Click To Tweet

Scott Alan Turner

Scott Alan Turner grew up in a blue collar home as one of five siblings. They had a simple financial lifestyle. He doesn’t remember his parents ever having car payments, credit cards, or debts.

Then when Scott got out of college, he learned all about debt. He had student loans and credit cards. As he began working and climbing the corporate ladder, he bought a Jeep and the biggest house the bank would finance for him. Scott ended up pretty normal as a single guy. He had a huge mortgage, a nice car, and was totally broke.

Scott soon realized that he didn’t want this kind of “American Dream.” He began listening to consumer advocate, Clark Howard, on the radio during his commute and realized everything he was doing wrong when it came to investing, insurance, utilities and lifestyle.

Since then, Scott has been “on a mad mission to help you get financial independence, ultimate happiness and a life full of awesome experiences.” He is also literally a rock star and plays lead electric guitar in several rock bands.

When you spend cash, you will spend less. @ScottAlanTurner #finance #creditcards #dads #fathers Click To Tweet

What You’ll Learn

  • How to lower outgoing expenditures
  • Why your financed car is really just a rental from the bank
  • The mind-blowing amount of money Americans spend on dining out
  • How to prevent yourself from over-spending on things like groceries, restaurants, and entertainemnt
  • The psychological pain that accompanies handing over your cash (as opposed to swiping your card)
  • How to keep your job during corporate layoffs
  • How to increase your earnings at work
  • Why you’re not getting promoted
  • How to “job hop” your way to a 5K, 10K, or 20K larger salary
  • How to shop insurance to save big
  • How to save on groceries
  • Why it’s better for your finances and your health to live more simply
  • How to set a good example for your kids
  • The new company that will negotiate lower rates for things like your cable and phone
  • The debt-free rebellion!
The rebellious lifestyle is to be debt free. @ScottAlanTurner #debtfree #lifestyle #family #finance Click To Tweet

We appreciate all the support!

If you’re enjoying the show, we encourage you to leave an itunes review.

Note: We are changing the name of the podcast in a couple weeks to the Dad Edge Podcast. There will be no change in the content or the website, just the new show name and logo!

Connect with Scott Alan Turner

ScottAlanTurner.com

Podcast

Facebook

Twitter

Instagram

Resources

==>NEW!!<== Grab a copy of The Dad’s Edge AUDIOBOOK on iTunes or Audible

GRAB A COPY OF THE DAD’S EDGE HERE

Join our Dad Edge Group on Facebook Request Entry Here

We have new Dad Edge T-Shirts!  Grab one HERE

Download a free chapter from: THE DAD’S EDGE on UNLIMITED PATIENCE HERE

Check out this free resource on: CONNECTION WITH YOUR SPOUSE

Download this free resource on:  CONNECTION WITH YOUR KIDS

Daddy Will Always Love and Protect You

Links


Are you ready to create an epic life

YES, I AM!

Dad Edge Alliance

financial problems

Transcending Financial Problems Once and for All with Damion Lupo

Is our money really safe in the stock market, IRAs and 401ks? Or is it best to diversify? What is it Wall street doesn’t want you to know when it comes to your money? Financial mentor Damion Lupo reveals the astonishing truth about how investment works to help us take total control of our money and transcend financial problems once and for all.

Most of us go on auto-pilot when it comes to our investments. We’re too busy. We don’t educate ourselves on all the financial products. Many of us put all our eggs in one basket because that’s we feel it’s the safest bet. Also, most of us are unaware that we are paying fees that will add up to hundreds of thousands of dollars over the years.

Damion Lupo

Raised in Alaska, Damion is part Alaskan, part Texan and 100% Reinvention. He’s a four-time college dropout who cut his teeth in the trenches of real life, becoming a self-made multimillionaire by age 25.

He’s the founder of Yokido, holds a black belt in Aikido, is a practitioner of yoga and a student of Reiki. He’s a lifelong student of Austrian economics and runs a precious metals company based in Austin, Texas.

Currently, Damion spends his time teaching and lecturing on the art of Reinvention with his unique teaching style focused on his personal life experiences and the process for developing consciousness and awareness to the truth.

Damion’s story

Throughout his life, Damion was always pushing the limits. His father tried to put structure in place, but Damion was always looking for the edge. His conservative dad believed in getting a degree and landing a government job and was scared when Damion left college to go out on his own in investing.

Damion experienced unbelievable success and devastating failure. He had millions in cash. Feeling invincible, he doubled down, found bigger deals, and got into debt. Instead of being patient, he stopped listening to other people. Within a year, he was bankrupted and his properties were in foreclosure. Things unraveled. He didn’t have the right people around him. He spiraled out of control and his health fell apart.

Damion remembers one of the last conversations he had with his father. With only a few weeks to live, his dad confessed to Damion that there were just so many things he wanted to do. In that moment, Damion realized that he was going about his life wrongly. He didn’t ever want to have the same regrets at the end of his life, and he didn’t want anyone else to either.

Making it Back from Failure

Damion says, when you’re accustomed to success, you have no failure to reference. Most men pretend everything is okay. Damion hid from the world and reality and it took a couple years for him to look at what was real. A lot of it was that he didn’t know what he was doing. Could he ever be successful again? Was it all luck? His confidence blew up. He doubted that he ever had any ability. He had to ground himself and find out who he was. If our self-worth depends on the success and we lose that, we don’t know what our identity is.

Making money is easy but it will go away If you’re not right in the head and you’re not right in the heart.

He shifted his focus. Instead of dollars and shiny cars, he lives for purpose and seeks to touch lives. He realized that he was not his balance sheet. He was not his mistakes. The key was asking for help. He struggled with his therapist before finally acknowledging all the carnage he created. He took 100% responsibility for everything. That was the biggest shift. 

Finances and couples

60% of divorces are from financial stress, but it’s a taboo for men and women to come together on it. They avoid facing financial problems, it becomes bigger, the relationship suffers.

The natural masculine desire is to be in charge and take care of the family. Sometimes, when we’re not sure of where we’re going, we just make it up. We don’t want to admit we have no idea how to provide for our families.

We have to realize that our spouse is our teammate and that the only way to fix the problem is to start being real about money. What are we spending it on? Why? What are the things we really care about?

One of the most powerful thing a man can do is admit he really doesn’t know about the intricacies of investments. Then he can find people who will tell him the truth and show him what he can’t see. This breakthrough will build the confidence to run the household without the fear.

Financial freedom is not money in the bank. It’s confidence. It’s your mission.

Transcending Financial Problems with a QRP

QRP stands for Qualified Retirement Plan, in which you are in charge of designing your plan. You can avoid taxes and fees while keeping all your profits in your plan. Damion says that his powerful financial tool is rarely heard of because Wall Street would close down if everyone switched to QRPs. He quotes John Bogle as saying that 80% of investment profits go the financial institution that had none of the risk and only 20% goes to the investor. Their fees chew the majority of the money an investor would make. The system will not talk about alternative investment strategies like QRPs to ensure their survival. They are protecting themselves.

Total Control Financial and the QRP

Damion Lupo and his team have an exclusive offer for The Good Dad Project audience. Go to totalcontrolfinancial.com/gooddad to get the QRP report, a free ebook, and the first year’s fee will be waived. You have nothing to lose. Take the first step toward true financial freedom.

Mentioned Episodes:

The Unexpected Secrets of Men, Women, and Sex with Nell Gibbon Daly

Why Your Ego is the Enemy with Ryan Holiday



Resources

==>NEW!!<== Grab a copy of The Dad’s Edge AUDIOBOOK on iTunes or Audible

GRAB A COPY OF THE DAD’S EDGE HERE

Join our Dad Edge Group on Facebook Request Entry Here

We have new Dad Edge T-Shirts!  Grab one HERE

Download a free chapter from: THE DAD’S EDGE on UNLIMITED PATIENCE HERE

Check out this free resource on: CONNECTION WITH YOUR SPOUSE

Download this free resource on:  CONNECTION WITH YOUR KIDS

Links

Damion Lupo’s Links

Website

Facebook

Twitter

Total Control Financial’s Links

Website

Facebook

Twitter

 


Create an Epic Life

join The Dad Edge Alliance

CLICK HERE!

Dad Edge Alliance