The REAL Wealth Formula Podcast

Your Money Situation Isn’t a Math Problem… It’s Behavior | Real Wealth Review with Ken | Ep 12

Listen Later

If you feel like you make “okay money” but still can’t get ahead, this episode will hit home.

Brad walks Ken through a full Real Wealth Review by breaking down spending, behavior patterns, debt decisions, and practical steps to finally build real financial freedom.

This conversation proves one thing:

Personal finance is NOT a math problem.
It’s a behavior problem.

Inside the episode:

• Why tracking your monthly spending is the real unlock
• How to stop financing depreciating assets
• When a newer car is actually hurting your wealth
• The power of a spending plan (not a budget)
• Why your active income alone won’t save you
• How to start building passive income the right way
• The faith-based principles that create lasting financial peace
• And how one tough IRS situation turned into a comeback story

If you’ve ever felt behind, inconsistent, or unclear about where your money is going—this episode will give you clarity, hope, and a path forward.

 

💡 Key Takeaways
  • Wealth is built through behavior, not income
  • A spending plan brings peace, direction, and control
  • Eliminate liabilities before chasing passive income
  • Don’t finance depreciating assets (especially cars)
  • Create an LLC to lower taxes and keep finances clean
  • Your monthly expenses are the real target—not your salary
  • Financial freedom is possible at ANY age
    • 🔗 Resources and Links Mentioned

    REIBIZ: reibiz.com

    FreedomSoft: realwealthformula.com/sponsors
    PropStream: realwealthformula.com/sponsors

    🤝 Connect With Us

    Website: www.realwealthformula.com

    Phone: 877-77-MOGUL
    Email: Real Wealth Formula
    LinkedIn: Real Wealth Formula
    Instagram: @realwealthformula
    X (Twitter): @realwealthshow
    TikTok: @realwealthformula
    YouTube: Real Wealth Formula

     

    ⏳ Chapters

    00:00 – Introduction

    01:30 – Your Biggest Financial Problem Isn’t Math
    03:30 – The REAL Formula for Wealth (R.E.A.L.L. Explained)
    06:45 – How to Clarify Your Legacy & Wealth Plan
    10:30 – Where Most People Waste Money
    13:45 – The Spending Plan vs. “Budget” Trap
    15:40 – Debts, Loans & Why Fancy Cars Are Liabilities
    19:05 – The Power of Paying Yourself First
    23:10 – How to Turn Freelance Work Into Passive Income
    27:05 – Taxes, S Corps, and Small Business Hacks
    30:15 – Escaping the Paycheck-to-Paycheck Trap
    34:20 – How to Build an Editing Business (And Still Have a Life)
    38:15 – The 5 Steps to Real Wealth
    42:10 – The True Freedom Formula (Work Because You Want To)
    46:00 – Faith, Calling & Your Purpose Beyond Just Money
    49:55 – Legacy, Giving, and Building a Wealth Plan for Life
    54:12 – Final Wealth Rating & Action Plan

     

    ...more
    View all episodesView all episodes
    Download on the App Store
    The REAL Wealth Formula PodcastBy Brad Hovis