Brian Preston is the founder of Abound Wealth Management and the award-winning Money Guy Show, and he’s been recognized as one of the top 100 financial advisors in the United States. Bo Hanson is the co-founder of Abound Wealth Management and the Money Guy Show. Together they form a dynamic team focused on educating people, helping them with their finances, and enriching their lives. They’ve appeared on Fox Business, Time, Forbes, US News and World Report, the Wall Street Journal, and much more. Now here they are on the Life as Leadership podcast to share with us the importance of caring about finances even at a young age and how to live a strategic and focused life.
Video Resources:
- https://www.youtube.com/watch?v=7yBlDsPgxq8andlist=PLXo3w1shVdEVcKmgbZZwlMphCSqlBKeQj (Financial Order of Operations: How To Prioritize Your Financial Goals (Playlist)) https://www.moneyguy.com/2018/08/financial-order-of-operations-how-to-prioritize-your-financial-goals/ ((Article))
- https://www.youtube.com/watch?v=eiy1kRZQT9k (What Your Net Worth Should Be In Your 20s (2019))
- https://www.youtube.com/watch?v=aIaoXpSWNQQ (Biggest Money Mistakes to Avoid in Your 20s)
LEADERSHIP INSIGHTS
- Wealth can be attainable for average individual if they start early, invest, and practice some financial discipline
- Time is the single most valuable resource you have
- Be a "peacock" - do things to help you stick out to employers and those around you
- Give value before receiving it
ABOUT The Money Guy Show/Abound Wealth
- Financial management is part science and part art. Brian and Bo try to balance both
- Focus on the "abundance cycle": offer enough value and love and people will return to you
- Try to be the voice that clarifies finances for people
QUESTIONS TO INSPIRE US TO ACTION
- What is some lesson, saying, or experience that continues to influence your leadership to this day? Brian: Reading The Millionaire Next Door by Thomas Stanley. Bo: Don't get busy doing nothing. Focus on what really matters and don't get lost in what is superfluous.
- Use three descriptors to finish this sentence: “A leader is…” Brian: Selfless, three steps ahead, and decisive. Bo: Decisive, motivated, and motivating.
- What is a question that leaders should be asking either themselves or others? Bo: Why? What is the motivation behind your decisions and directions? Brian: Why? What is the purpose? (Begin with the end in mind).
- What book would you recommend to leaders? Brian: How to Win Friends and Influence People by Dale Carnegie
- If you could get every listener to start doing something THIS week to help them be a better leader, what would it be? Brian: Figure out what your passion is and figure out what you are better at than 95% of everyone else.
- As a general life principle, is it better to ask “why?” or “why not?” Brian: "Why?" The wounded warrior phase of life (a little older/wiser) is more prone to asking this question. Bo: "Why not?" This expands opportunities and possibilities.
Website:
https://www.aboundwealth.com
https://moneyguy.com
Find The Money Guy Show on social media:
Twitter: https://twitter.com/moneyguypodcast?lang=en (@MoneyGuyPodcast)
Youtube: https://www.youtube.com/user/MoneyGuyShow (The Money Guy Show)
Music credits:DJ Quads | Cruise Around | Soundcloud: https://soundcloud.com/aka-dj-quads/cruise-aroundDJ Quads | Smile | https://soundcloud.com/aka-dj-quads/smileDJ Quads | It Just Makes Me Happy | Soundcloud: https://soundcloud.com/aka-dj-quads/it-just-makes-me-happy