Today will be part 2 of the Money Mastery series, and today we are talking about how to play OFFENCE in finances in order to save, invest, become financially free and retire well.
We get into the 5 big moves that every man needs to make in order to win this fight! I also give you 5 key financial principles that I live by, and I believe every couple should follow for a life of financial peace and success.
This episode is THICK y'all. You're going to want to save this episode, or download it so that you can reference all the moves we discuss on your journey to financial freedom.
00:40 - Introduction04:10 - Disclaimer4:40 - Move #1: Visualize the victory: Know how much $$$ you need11:40 - Move #2: Learn the enemy’s language: Key financial terms13:50: What are stocks?17:00: What’s the NYSE? (or a stock exchange?)18:45: What’s the S&P 500 (or a stock index?)21:30: What are Mutual Funds?Active Mutual FundsPassive Mutual FundsETFsIndex Funds33:25: RRSP (CAN) / 401K (US)36:55: TFSA (CAN) Roth IRA (US)38:35: 529 Plan (US) or RESP (CAN)42:00: Move #3: Multiply Your Troops: Leverage the power of compounding46:15: Move #4: Stick to the battle plan: Betrothe The Boring49:15: The 3 P Test: Peace, Passion, Profits52:40: Move #5: Taking New Territory: Automate it and forget it.53:14: Your Financial Four (money buckets)54:50: 10% Generosity Bucket58:15: 10% Fun Bucket59:49: 15% Long Term Bucket: Investments1:01:45: Short Term Bucket: Emergency Fund1:03:10: 5 Money Principles Everyone Should live by1:09:30: Conclusion and Summary of Money Mastery PlanFREE Mariage Course: https://www.dadnationco.com/remodel Website: https://www.dadnationco.com/ Instagram: https://www.instagram.com/dadnationco/ YouTube: https://youtube.com/@dadnationco?si=05r-p6cAaNQW0XMr Retirement Calculator: https://www.wealthsimple.com/en-ca/tool/retirement-calculator Investment Glossary of terms: https://www.businessinsider.com/personal-finance/financial-investing-terms-glossary-reference-guide-personal-finance#heading%20b