S8 Ep19: How to Build a Complete Financial Plan

I mean, that's the key to it.

Procrastination is the biggest killer of wealth.

Uh, more than any mistake you'll ever make is just putting, putting things off.

And so what I'm doing today is I'm giving you a call to action and the call to action is it's, time to get started.

Now, I don't care how old you are, but any day you wait, you're just costing the back end of compound interest to not compound.

And what that means is that You don't think about it, but one year tied to the 20th year is one year of earnings off of a larger amount of money.

And so what you want to do is you always want to be thinking like, all right, I got to do it now.

I just got to be like crazy.

I got to do it now.

And so how do we do things? Well, number one, education and advice.

That's what I do.

I try to educate and then give good advice.

You're going to get advice today.

Additionally, from there we go into and we create a defensive position.

The defensive position is to avoid mistakes, uh, that cause people problems.

I had a young guy call me 18 years old and, uh, a family member and he's like all right i've got you know ten thousand dollars i can do this with a car i can have a car payment like dude you want to mess your life up go get a car payment all right that's the beginning of the of the bad decisions and so you know i talked to him and he listened and and so instead he's gonna buy a cheap car pay cash he's got a car that plus ten thousand saved And so anyway, so what we're going to do is we're going to avoid mistakes.

We're going to protect our income and that's the defense.

We protect our income, our assets and avoid mistakes.

The offense is about growing wealth.

It's about cutting taxes.

All right.

And putting yourself in a position where one day you get financially independent.

And then from there, we go to the products and we have to find products that fit all of those things.

And so today I'm going to go through the product side, not specific products, but I'm going to give you enough information where you say, well, I understand that makes sense.

All right.