Description

Jessen presents the second part of an incredible new masterclass, devoted to helping you become better at managing money, and aiming to guide you in the world of financial investment.

In this episode, Jessen talks about why saving is crucial, how to make those savings work for you by identifying and executing actionable investment goals.

KEY TAKEAWAYS

• People who save for a rainy day are spending those savings on living right now. While their reserves may have served them in the wake of lockdowns, savings soon dwindle and disappear.
• Savings need to be working for you at all times. Your money should always be seeking to grow without your constant input and guidance. Creating passive income is the key to financial freedom.
• Spenders generally tend to be that way because they like the short endorphin buzz that comes from making purchases. We must learn to replenish what we spend.
• All advisors will carry out risk assessments upon you to determine your risk appetite. But being open to risk doesn't mean you are foolhardy. It should mean that you are more likely to take calculated risks.

BEST MOMENTS

'Everyone should have a minimum of three to six months' worth of savings in your bank'

'They don't have a mentality for investment - they just have a saving mindset'

'If you want to move forward, you have to think about investment, instead of what things cost''

'I'm not reckless. I understand risk-to-reward ratio'

VALUABLE RESOURCES

Mind Over Money Podcast - https://omny.fm/shows/mind-over-money

ABOUT THE HOST

Jessen James

Jessen has spoken to and trained thousands of entrepreneurs all over the world, and has featured on Channel 5's Rich House Poor House.

Having built, bought and sold multiple businesses himself, Jessen has had some amazing wins and some rather spectacular fails too! He now dedicates his time to serving others to better their lives and businesses by sharing his learnings. Get in touch today.

CONTACT DETAILS

Website - https://www.jessenjames.com/
LinkedIn- https://uk.linkedin.com/in/jessen-james-%F0%9F%91%88%F0%9F%8F%BD-31380968
Twitter - https://twitter.com/jessenjames7
EMAIL success@jessenjames.com

This show was brought to you by Progressive Media