This week's blogpost - https://bahnsen.co/3YzxRos

Personal Finance 101: Building a Strong Financial Framework

In this episode of the Thoughts on Money podcast, host Trevor Cummings and co-host Blaine Carver dive into the basics of personal finance. The discussion centers around simplifying financial concepts and creating a solid framework for managing money, covering topics such as giving, saving, spending, and planning for the future. Trevor shares practical advice, anecdotes, and book recommendations to help listeners navigate their financial journeys. The episode emphasizes the importance of awareness, setting achievable goals, and considering long-term legacy planning.

00:00 Welcome to the Thoughts on Money Podcast

00:23 Back to Basics: Simplifying Personal Finance

01:58 Navigating Financial Conversations with Clients

03:15 Book Recommendations for Financial Literacy

04:50 The Importance of Giving in Personal Finance

10:13 Saving Strategies: Pay Yourself First

13:59 The Debate on Budgeting

17:23 Assigning Homework for Financial Awareness

18:08 Tracking Expenses for Long-Term Success

18:37 Freedom Within a Financial Framework

19:46 Mentoring and Practical Financial Exercises

20:55 Addressing Major Expenses First

21:56 The Importance of Financial Handoffs

23:36 Passing Down Wealth and Values

26:07 Balancing Enjoyment and Financial Prudence

32:35 Teaching Financial Principles to the Next Generation

34:09 Final Thoughts and Simple Financial Frameworks

Links mentioned in this episode: