As a leader, you know you need to make wise and efficient financial decisions. But you can also make a real impact in other peoples’ lives by helping them learn to be smarter with their own hard-earned money.

In this episode, we’ll help you better understand investing and building wealth, so you and your team can live your fullest lives. This information is so important for a well-rounded leader.

Fun fact: The average millionaire in the U.S. spends 8 hours a month analyzing their net worth, bank statements, assets and liabilities, etc. Financial literacy is absolutely worth the effort.

Take the First Step:

I highly recommend a Profit & Loss Statement and a Pro Forma sheet as the first steps toward financial literacy. If you’re interested in one or both of these tools, send me an email at [email protected] and we’ll get you a copy.

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Chapter Breakdown:

00:00 - Intro

2:55 - Hypothetical Financial Situation

05:06 - Time - Your Most Important Asset

05:41 - Cash on Cash Return

06:48 - Return on Investment

07:53 - Understanding Passive Income

8:18 - Savings Account

09:17 - Award Certificate of Deposits

10:40 - Money Market Account

12:04 - Credit Union vs Bank

13:22 - Securities

15:46 - Profit & Loss and Pro Forma Sheet

16:46 - Money Isn't Good or Bad

19:04 - Outro

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