Description

Andrew discussed some Foundational Financial Concepts and Considerations, he unpacked and outlined Spenders, Savers, and Wealth Creators, and closed with some action steps for making progress towards being a Wealth Creator. Also, he dives into a Cash Flow Key - Begin Assembling Your Wealth Team - CPA, Bookkeeper, Financial Advisor, & Attorney.

Highlights

• The different types of financial people: spenders, savers, and wealth creators - 0:50
• Let's automate your financial processes - 2:30
• The impact that inflation has - 3:29
• What the impact of inflation might be - 4:40
• The impact of taxes - 6:53
• Are you a spender, saver or wealth creator? - 9:11
• Working to spend - 10:22
• Working to save - 11:50
• Savers understand the concept of opportunity cost - 12:35
• Creating financial wealth - 16:56
• What happens if you're a saver - 17:37
• Savers vs. wealth creators - 18:58
• Today's cash flow tip - 19:52
• 5 ways for you to make progress - 23:05
• A bookkeeper makes things objective - 24:03
• Having a reserve - 27:38
  
  
  Episode Resources
• Connect with Andrew Windham
• https://www.linkedin.com/in/andrewwindham
• https://twitter.com/andrewwindham?lang=en
• AWindham@CollegePlanningInstitute.com
• Link to Coffee & Cash Flow Conversation: https://calendly.com/college_planning_institute/coffeecashflowconversation
• Episode 15 - 3 Questions Guaranteed to Lower Your Taxes: https://podcasts.apple.com/us/podcast/3-questions-guaranteed-to-reduce-your-taxes/id1547356962?i=1000514526761
• Episode 11 - Cashflowing College: https://podcasts.apple.com/us/podcast/cash-flowing-college/id1547356962?i=1000508310192
• Andrew@EducatedFreedom.com for questions and suggestions