We know there are tons of useful things that we should’ve learned when we were kids, like personal finances, time management, or learning to save money instead of spending it all. However, when it comes to designing and achieve plans for the future to live a joyful life, today’s guest Paul Adams, is here to make sure that you have enough tailored solutions to plan and achieve your current, bright and future goals.
From Everett, Washington, CEO & Founder of Sound Financial Group, Paul focuses on helping clients define and reach unique and tailored financial goals to improve their lives. Paul is also a financial coach, accomplished speaker, and conference panelist. He has published financial text guides like Stop Burning Your Money and has been interviewed by Forbes, Entrepreneur, and Inc. Paul enjoys traveling, hiking, spending time outdoors with her wife and kids, and hosts his own podcast: Your Business Your Wealth.
In this episode, we will learn the importance of language when it comes to designing and building a good life; how to build your own strategy instead of following someone else’s; why you need to stop saying ‘I can’t afford it’ and start saying ‘It would break my strategy’ and learn patience to achieve awesome results in the long-term, instead of going for short-term gains and realizing it’s too late. Above all, Paul is here to share his knowledge and passion for helping others maintain healthy balance sheets and better steward their finances.
“People get their future by default, not design.” - Paul Adams
Podcast summary:
(02:53) - Money is not everything: designing your personal, professional and financial future.
(05:59) - The thief of all joy and why you may be going the opposite direction from what really matters to you.
(10:42) - Managing expectations: how to design your lifestyle without shooting too high.
(13:32) - Why a “produced dissatisfaction” and treating yourself is not letting you achieve financial goals.
(17:44) - No wonder you are afraid of retirement: why you should pursue financial independence.
(21:27) - Not breaking your own strategy and how your choice of words can impact the people around you.
(27:08) - Paul’s income hack: funding a life insurance policy, bank style.
(29:35) - The 2 million loss: what Paul wants you to learn from his mistakes.
(33:44) - Acknowledging the value of the real estate underneath you and why you won’t achieve financial independence by selling your business.
(35:36) - What you own versus what you owe: achieving a strong balance sheet.
(37:39) - Feedback loops, short term satisfaction and attempting to fix your financial mistakes when it is too late.
(42:26) - Why Paul would make the same decisions regarding his lifestyle design plan all over again.
(44:16) - Paul’s why? A better life for his family.
Connect with Paul
Download Three Money Mistakes No One Talks About And 6 Ways To Solve Them, Paul’s latest White Paper.
Episode Resources
Atlas Shrugged by Ayn Rand
Want to learn more?
Join Ryan on our next webinar to learn how you can start real estate investing with The Investor's Edge.
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