Description

A key component for building generational wealth is to manage and master your money effectively. In this episode of Learning For Legacy, Afam will be expanding on some tips from a previous guest, the Disruptive Entrepreneur, Rob Moore's 11 ways to manage and master your money. 

KEY TAKEAWAYS 

• Extreme emotions both good and bad can erode wealth so manage money logically. 
• Get out of debt first. 
• Never spend more than you earn. 
• Save a target percentage of your income, and increase it over time. 
• Max out your tax-free savings every year. 
• Invest in assets that pay a passive income that you can invest back into assets. 
• Set up a SANT bank account (Save And Never Touch).
• Follow the 6 levels of saving money. These are, get out of debt, save, invest, speculate, diversify, and insure. 
• Prepare lunch before work.
• Don't buy clothes, gadgets, or unnecessary items for a year. 
• Take some risks. 

BEST MOMENTS

‘When the emotion is high, the intelligence is low' 

‘G is for gains, O is for off the table, L is for lock, D is for diversify' 

ABOUT THE HOST

Afam is passionate about people building generational wealth for their households. In this respect, his aim is to provide information and insights for lifestyle design, leadership and economic empowerment. Afam is encouraged when he sees others building a legacy for themselves.

https://linktr.ee/afamo 

LinkedIn: linkedin.com/in/afamo
Instagram: instagram.com/afam4legacy
Patreon: patreon.com/legacylearning

PODCAST DESCRIPTION

A topical & interview podcast all about the concept of making generational wealth understandable, practical and accessible. It's important to break down what it really is & isn't. Talks including ethics, character, leadership, strategies, history, case studies, sad stories made good, fun stories making to uplift, leftfield stories making you think, discovering stories/examples around the world. Including interviews with community & business leaders, thinkers, celebrities and everyday people.

This show was brought to you by Progressive Media

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