This week we talk about money, financial literacy, and credit. But don’t get it confused, we talk about it in a way you can understand it. That’s the gift today’s guest has. As the founder of RaisingBenjamin.com Carl Joseph Black breaks down complex finance news into bite-sized digestible nuggets anyone can understand.

We didn’t really have enough time to discuss everything I wanted to know and we still went over the typical 20 or so minutes I try my best to hold the discussion to. We still covered a good amount of ground though. Some of the gems dropped:

The difference between being rich vs being wealthy. Being rich is more about the material things people see. Being wealthy is the money moves that can’t be detected by the human eye, but still somehow disrupts or changes the way we live.

Read the boring stuff. Get used to reading the boring stuff like financial newspapers. You’ll start to develop a 3rd eye for the way money works if you make a habit out of it. One example Carl gives is Warren Buffet. Buffet still finds time to read for an extended amount of hours a day. If that’s a habit he uses to keep himself wealthy, why don’t we take that same habit on? I don’t know about ready 5 hours a day though. Ha!

Humanize data. Start finding ways to make data make sense to you in layman’s terms. This is one of those skills you can organically develop from reading financials a lot.

Credit as an investor. Carl gives us a masterclass on how to build credit as a business to help us build wealth.

If you loved this episode make sure to give Carl a shout on Twitter and get your invite to his newsletter The Dime.

Be sure to check out my book “Don’t Dumb Down Your Greatness”

Peace!

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