Joining us in the booth this week is Joseph Obeng, a qualified financial advisor with over 11 years in the financial services industry.

In this episode we discuss:

- Why making more money won't necessarily make you more wealthy!

- What true wealth is and steps to achieve it

- Why you need to 'design your life'

- Identifying your relationship with money

- The importance of good money allocation and tips to allocate your money better

- Good debt vs bad debt

- How to build wealth with your 9-5

- Money and non-money lessons Joseph learnt from his clients and much more

Follow Joseph on Instagram here

Get a copy of Joseph's book here

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Check out: https://www.youtube.com/savvywallet for the video version

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TIMESTAMPS

00:00 - Preview

01:02 - Intro

01:37 - Meet Joseph Obeng the Financial Advisor

06:12 - I’m not the typically financial advisor

07:46 - How I became a financial advisor

11:58 - More money doesn’t necessarily mean more freedom!

13:52 - People making BIG money have lifestyle inflation

15:00 - This is true financial freedom!

16:56 - People earning a lot but they’re broke!

19:26 - Why I started my own financial planning company

23:25 - Building blocks of financial planning. Your relationship with money!

26:18 - How to identify what your relationship with money is

28:05 - Misconception: Making more money won’t make you rich!

29:36 - This is true wealth!

29:59 - 80% of people had anxiety about money

31:22 - How to design the life you want!

34:59 - Understanding your current situation with your finances

39:14 - Tips to allocate your money better!

44:27 - Why do people get into debt?

46:24 - Good debt vs bad debt

47:58 - Is university bad debt?

49:31 - How to stop worrying about debt & how to tackle it!

52:52 - How to build wealth with your 9-5?

55:25 - Building wealth by being frugal?

58:38 - Money and non-money lessons from Joseph’s clients

01:02:35 - Final words

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