In today's episode of the Money Mastery Unleashed podcast, host and certified financial advisor Adam Olson dives into the crucial concepts from John Maxwell's "21 Irrefutable Laws of Leadership" and his own book, "21 Things You Need to Know About Money." Adam begins by discussing the Law of the Picture, emphasizing the importance of leaders creating a clear vision and setting a strong example for others to follow. Drawing from biblical examples and personal experiences, he illustrates how powerful visual demonstrations can be in guiding behavior. Shifting to financial advice, Adam addresses the current landscape of home loans, reflecting on the unusually low mortgage rates of the early 2020s and advising listeners on prudent home buying strategies. He advocates for keeping mortgage payments within 20% of net income to ensure financial flexibility and long-term security. Adam encourages listeners to contact him for a free copy of his book and to consider the enduring impact of setting positive examples in both personal and professional spheres.
"For a $250,000 household income, I recommend buying a home within the $450,000 to $500,000 range, not the $700,000 range suggested by lenders, to maintain financial flexibility."
Key Takeaways:
Law of the Picture
Insights on Home Loans
Importance of setting a positive example in personal and professional life
Making informed decisions based on net income
Learn more about Adam Olson by visiting the following links:
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Investing involves risk, including loss of principal.
Be sure to understand the benefits and limitations of your available options and consider all factors prior to making any financial decisions. Any strategies discussed may not be suitable for everyone.
Securities and advisory services offered through Mutual of Omaha Investor Services, Inc. Member FINRA/SIPC. Adam Olson, Representative. Mutual of Omaha Investor Services is not affiliated with any entity listed herein.
This podcast is for educational purposes only and may include references to concepts that have legal and/or tax implications. Mutual of Omaha Investor Services and its representatives do not offer legal or tax advice. The information presented is subject to change without notice and is not intended as an offer or solicitation with respect to the purchase or sale of any security or insurance product.
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