Posts

Joel Louis

Creating a Career and Life that Work for You with Joel Louis

Joel Louis on work/life balance, pursuing your dreams, finding your passion in your career, and doing it all while giving 100% to your family…enjoy!

What Joel Louis has to say about being laid off

You’re panicked. You’ve lost your job and you look around your house to see your beautiful family, the home you’ve built with so many memories and now it seems like it might be in jeopardy if you don’t find a new avenue for income. It’s one of life’s curve balls. Yes, you’ve contacted your business network and put feelers out there for job opportunities, but there’s a little ache in your heart because you want to do something more with your life.

So, maybe the job loss isn’t necessarily a negative. Maybe it’s an opportunity to do what you have really wanted to do with your life and your career. Think about it. Even if you haven’t been in the position of losing a job, maybe you simply would like to step out of the corporate world and into entrepreneurship.

Now is the time

What do you do to identify what business to start? Find ways to add value and identify a need. Not only will this satisfy your desire to be your own boss, but it will also allow you to create the type of lifestyle for your family. The key is just to start. Even if it’s thirty to sixty minutes a day, work on your business idea to start developing your entrepreneurship. Yes, it may take a few sacrifices (cutting expenses), but in the end, living the life you want is definitely worth the shift.

Become a part of a community

It might help to become part of a community of like-minded individuals (you know, like The Good Dad Project!) that help to push you when you need it. Surrounding yourself with people who think like you builds you up and makes you more successful. Not only that, but it helps when you go through the struggles of building your business or finding that work-life balance to be able to share ideas.  Remember, too, that this is going to take patience. It’s going to take effort every day, not just a bit here and there.

Start your day off right!

So why not start every day off right? Your morning routine will be critical in making sure your dream is a success. Start with what works for you be it mediation, exercise, etc. and then, once you’ve gotten to your office, knock out the most important item on your to-do list. That way, it’s done and everything else is secondary.

Leave your legacy and find your balance

And, of course, the reason you are doing this is for your family. Many times we struggle to make sure we are paying enough attention to both work and our spouse and children. The key is to make your work fit your life. But most importantly, it’s important for your kids to see you continuing to develop yourself. In other words, be there for your kids, but don’t lose yourself in them. In all of this, remember that you are leaving a legacy. Your kids want you to be happy and will learn from you how to find their own happiness through your example. They will learn how to handle life’s curve balls.

Free Resources:

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

The Dads Edge Book

Check out this free resource on: CONNECTION WITH YOUR SPOUSE

Check out this free resource on:  CONNECTION WITH YOUR KIDS

Links

Joel Louis Links:

Books:

Links Mentioned:

If you enjoyed this episode Joel Louis on Create a Career and a Life that Work for You let us know. Leave your comments below as we would love to hear your thoughts so we can continue to provide you with content you enjoy.

reitre wealthy

How to Improve Your Financial Health and Retire Wealthy – GDP018

3 Easy Ways to Save and Retire Wealthy

Setting a goal to improve our financial health and retire wealthy can be daunting.  We ask ourselves questions like:

“How much should I set aside per month?”

“There are so many choices when it comes to investment funds, which should I choose?”

“How do I save enough money to retire wealthy?”

At times, all we need is some guidance and an advisor to help guide the way.

In this episode, we interviewed Brian McGraw and Jon Graf.  Both are financial advisors and our show sponsors.  The advice given by the both of them in this interview is a game changer.

Key Takeaways from Episode

1. Have a written plan to retire wealthy
2. Stick to the plan
3. Protect the plan
4. The differences between Roth IRA, 401K, and Targeted Retirement Date Funds
5. The percentage of income you should be saving every month for retirement
6. Ways to be disciplined and stick to a plan
7. Why it’s important to protect your plan and family

Tip #1:  Retiring wealthy starts with having a written plan and saving now

In 1996, there was a great book written by Thomas Stanley called “The Millionaire Next Door.”  It was proven that most millionaires did three critical things to ensure they retired wealthy.

First, they had a written plan.  A written plan will give you a roadmap, some direction, and a goal to strive for.  Plus, the visualization of actually “putting pen to paper” and writing down your goals for retirement make them more realistic and visual.

Second, self-made millionaires live within their means.  Meaning, a lot of self-made millionaires start their professional lives living within a budget.   In this episode, both Brian and Jon explain why living on a budget doesn’t have to a challenge.  In fact, most of the time, it is simply shifting minor spending habits.

Third, most self-made millionaires started saving at a young age.  The younger you are when you start saving, the less you have to save and the easier it is.  However, Jon and Brian explain why it is never too late to start saving.  Even if you are well into your forties and fifties, there are programs and plans you can implement that can make a drastic positive impact to your retirement goals.  The worst mistake is never saving anything.

Tip #2:  Retiring wealthy means sticking to the Plan:

There are several different investment options out there.  One of the best ways to plan for the future is to be prepared for peaks and valleys in income.  Challenging situations can show up in several different ways in our lives and it can be tempting to pull money out of your retirement to pay for something you think you need now.  Ensuring that you put enough money into an emergency fund can definitely help cushion an unexpected financial blow.

Another way to stick to a plan is make sure you are diversified with assets.  In this episode, Brian and Jon explain the clear differences between a traditional 401K, a Roth IRA, and target retirement date funds.  There are tax benefits of each plans, however, Jon does a great job of clearly explaining the differences and advantages of each.

Finally, when we think about sticking to a plan, it doesn’t just mean we don’t dip into our retirement too early.  It also means, realizing that the market will go up and down.  As a result, our retirement funds will also go up and down.  Jon does a great job explaining why it is human nature to want to change an entire strategy or pull our money out of the market all together when the market takes a downturn.  Jon explains the theory of “buy on fear and sell on happiness” when it comes to sticking to your plan.

Tip #3: Retiring wealthy means protecting your plan

Would you ever think of driving your kids in the car without their seatbelt?  If you are here and reading this blog, then I imagine the answer is “Absolutely not!”  As parents, we want to do everything in our power to protect and provide for our family.  To protect our family against harm is literally wired within our DNA.  So, when it comes to protecting our family, we need to make sure they are protected if anything should ever happen to us.

Brian explains saving money to retire wealthy is an outstanding “offense.”  However, we have to think about having a “defense” as well.  Being able to provide income to protect and provide for our families is one of our most valuable assets.  We insure our homes, cars, and even new electronic devices.  So, why wouldn’t we insure the most important asset we have…our income?

Free Resources:

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

Check out this free resource on: CONNECTION WITH YOUR SPOUSE

Check out this free resource on:  CONNECTION WITH YOUR KIDS

Links

Links and Books Mentioned in this Episode

Connect with Brian McGraw and Jon Graf:

Brian McGraw:

Jon Graf:

Thank You!

Thank you so much for checking out this episode of The Good Dad Project. If you haven’t done so already, please take a minute to subscribe and leave a quick rating and review of the show on iTunes by clicking on the link below. It will help us to keep delivering life-changing information for you every week!