Jacob and Kalob discuss how to become financially successful. It’s important to make small simple choices that lead to wealth and prosperity.

Financial Success

• While financial success isn’t the ultimate goal, it is an important part of a successful life.
• Riches vs. Wealth: Someone who is rich has a lot of money and luxurious items. Having wealth is being in a position where your living costs are sustainable. 

Million Dollar Choices

• Million Dollar Choices - Scott Marsh “How can you save a million dollars by making a simple decision? A Million Dollar Choice© is a decision to save money that you only have to make once that will eventually help you obtain a million dollars in your retirement plan. By making the right choice about your house, business, automobiles, healthcare and other items today, you can invest the money saved and watch it become a million dollars by the time you retire. Million Dollar Decisions© are so powerful because they are available to every person, whatever their stage in life.”

Millionaire Mindset

• “You don’t rise to the occasion, you sink to the level of your training. That’s why we train so hard.” - Anonymous Navy Seal
• Time is worth more than money
• Ask what and how questions. Find solutions.
• Be confident and positive. 
• What’s your why? Clarify your vision. 

Automate your money

• I Will Teach You to Be Rich. - Ramit Sethi
• Make your money work for you instead of working for your money.
• Guilt Free Money. When you’ve taken care of everything else, you can enjoy the money that’s left over.
• Spend money on things that bring you joy and value. 

Saving and Investing

• Saving money is important. 
• Eventually, you need to put your money to work and make it grow. 
• Interest can be your best friend or worst enemy. 
• EARN interest. Don’t pay interest. 

Get out of debt

• As fast as possible
• 11 Ways to Get Out of Debt Faster (we mentioned the snowball method in the podcast)

Where should my money go?

• 50/30/20 Rule
• 50% of your income goes to your needs
• 30% of your income goes to your wants
• 20% of your income goes to your savings
• Maslow's hierarchy of needs.
• It’s also good to add charitable donations.

Being a Business Owner

• While owning a business is a great way to become financially independent and successful, they aren’t required. 
• You can be financially successful working a “normal” 9-5 job. 

Jacob Links:

• Jacob’s Website
• Jacob’s LinkedIn
• Jacob's Twitter: @jacob_m_harmon

Kalob Links:

• Kalob’s LinkedIn

SuccessQuest Links:

• Website
• Blog
• Facebook
• LinkedIn
• Twitter: @MySuccessQuest